What's Propelling Pfizer Inc. (PFE) to Reach 52-Week High?

Marco Green
December 16, 2017

Shares of Pfizer (PFE) traded up $0.74 during trading hours on Wednesday, reaching $37.20. About 3.20 million shares traded or 37.05% up from the average. Pfizer Inc. (NYSE:PFE) has declined 2.76% since December 16, 2016 and is downtrending. It has underperformed by 51.57% the S&P500.

Granite Investment Partners Llc increased its stake in Tyler Technologies Inc (TYL) by 33.07% based on its latest 2017Q2 regulatory filing with the SEC. Oldfield Partners Llp acquired 35,100 shares as Pfizer Inc (PFE)'s stock declined 3.45%. The hedge fund held 100,875 shares of the medical specialities company at the end of 2017Q2, valued at $8.06 million, down from 137,700 at the end of the previous reported quarter. Deprince Race & Zollo Inc who had been investing in Olin Corp for a number of months, seems to be less bullish one the $5.64B market cap company. The stock increased 0.64% or $1.08 during the last trading session, reaching $169.63. The shares were sold at an average price of $35.65, for a total transaction of $262,027.50. Bank of America Corporation (NYSE:BAC) has risen 58.64% since December 16, 2016 and is uptrending. It has outperformed by 26.62% the S&P500.

Investors sentiment increased to 1.1 in Q2 2017. Its down 0.01, from 1.36 in 2017Q1. It is positive, as 3 investors sold HYGS shares while 6 reduced holdings. LLC's investment portfolio, making the stock its 6th biggest position. The fund owned 250,375 shares of the biopharmaceutical company's stock after selling 4,110 shares during the period. Dnb Asset Mgmt As accumulated 922,148 shares or 0% of the stock. Bridgeway Management, Texas-based fund reported 4.35 million shares. 98,534 are owned by Caprock Grp. St Germain D J invested in 0.55% or 122,737 shares. Assetmark holds 0% or 1,684 shares. Foster Motley has 295,004 shares for 1.75% of their portfolio. Girard Prtnrs Ltd stated it has 0.17% of its portfolio in Cummins Inc. Bluecrest Capital Mngmt Ltd accumulated 680,828 shares. Atria Invests Limited Liability Co invested in 205,838 shares or 0.42% of the stock. Kingdon Capital Ltd Liability Corp holds 0.56% or 102,037 shares. 151.38 million shares or 0.97% less from 152.85 million shares in 2017Q1 were reported.

Among 31 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 10 Hold. Therefore 43% are positive. BMO Capital Markets maintained the stock with "Hold" rating in Tuesday, August 1 report. The company was maintained on Sunday, July 23 by Renaissance Macro Securities LLC. Piper Jaffray has "Overweight" rating and $48 target. Also, insider Alexander R. Mackenzie sold 14,700 shares of the firm's stock in a transaction on Wednesday, November 1st. The firm has "Outperform" rating given on Monday, May 9 by Credit Suisse. As per Monday, May 16, the company rating was downgraded by Keefe Bruyette & Woods. The firm earned "Hold" rating on Monday, October 16 by SunTrust. Jefferies maintained the stock with "Hold" rating in Wednesday, August 16 report. The company was upgraded on Tuesday, October 20 by Cowen & Co. It also increased its holding in Bank Amer Corp (NYSE:BAC) by 55,632 shares in the quarter, for a total of 516,251 shares, and has risen its stake in Tesla Inc (Prn). On Thursday, August 31 MACKENZIE ALEXANDER R sold $249,900 worth of Pfizer Inc. READ IAN C had sold 197,168 shares worth $6.70M.

Investors of record on Friday, November 10th were issued a dividend of $0.32 per share. Its up 0.02, from 0.94 in 2017Q1. (NYSE:PFE). Confluence Mngmt invested in 1.53% or 2.24M shares.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PFE. (NYSE:PFE). Inv House Ltd Liability has invested 0.44% of its portfolio in Pfizer Inc. (NYSE:PFE). First Wilshire Securities Management owns 0.08% invested in Pfizer Inc. The company has a current ratio of 1.43, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. LLC owned 0.14% of Pfizer worth $271,971,000 at the end of the most recent quarter. (NYSE:PFE) for 741,108 shares. After $0.67 actual earnings per share reported by Pfizer Inc. for the previous quarter, Wall Street now forecasts -17.91 % negative EPS growth. (NYSE:PFE). Atlanta Cap Gru holds 0.2% or 36,016 shares. Barr E S holds 0.05% or 14,218 shares in its portfolio. Tradewinds Mgmt Ltd Llc stated it has 0.15% in Pfizer Inc. Georgia-based Signaturefd Limited Liability Co has invested 0.15% in Pfizer Inc. (NYSE:PFE) for 12,328 shares. Credit Suisse maintained Pfizer Inc. 65,718 were reported by Roundview Ltd. Evermay Wealth Management Ltd Com reported 0.79% in Pfizer Inc. (NYSE:PFE) or 307,402 shares. 44,631 are owned by Sfe Investment Counsel. (NYSE:PFE). Moreover, Department Mb Natl Bank N A has 0.09% invested in Pfizer Inc.

Among 28 analysts covering Target Corporation (NYSE:TGT), 7 have Buy rating, 4 Sell and 17 Hold. Target Corporation had 72 analyst reports since July 21, 2015 according to SRatingsIntel. Herndon Capital Management LLC bought a new position in Pfizer during the second quarter worth about $120,000. (NYSE:PFE) rating on Monday, June 12. Pfizer now has an average rating of "Buy" and a consensus price target of $38.77. As per Tuesday, August 8, the company rating was maintained by Northland Capital. Societe Generale maintained Pfizer Inc. (NYSE:PFE) has "Overweight" rating given on Friday, August 28 by Piper Jaffray. (NYSE:PFE) were released by: Twst.com and their article: "Pfizer Inc.: FDA Approves New Pfizer Biosimilar" published on December 13, 2017 as well as Chicagotribune.com's news article titled: "Viagra goes generic: Pfizer to launch own little white pill" with publication date: December 06, 2017. BMO Capital Markets downgraded the shares of PFE in report on Wednesday, November 2 to "Market Perform" rating. Finally, UBS set a $38.00 target price on Pfizer and gave the company a "buy" rating in a research note on Wednesday, November 1st. The firm earned "Outperform" rating on Thursday, October 19 by BMO Capital Markets. (NYSE:PFE) has "Buy" rating given on Tuesday, November 3 by Argus Research. BMO Capital Markets has "Hold" rating and $3300 target. Reilly Financial Advsrs Lc owns 310,962 shares for 1.6% of their portfolio. Boyar Asset Management holds 3.77% or 152,806 shares.

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