---
title: "SNS Financial Group LLC Sells 35,992 Shares of Pfizer Inc. (NYSE:PFE)"
description: "SNS Financial Group LLC has reduced its stake in Pfizer Inc. (NYSE:PFE) by 64.3% in the second quarter, now holding 19,978 shares after selling 35,992 shares. Other institutional investors are also ad"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/212471159.md"
published_at: "2024-08-25T17:19:44.000Z"
---

# SNS Financial Group LLC Sells 35,992 Shares of Pfizer Inc. (NYSE:PFE)

> SNS Financial Group LLC has reduced its stake in Pfizer Inc. (NYSE:PFE) by 64.3% in the second quarter, now holding 19,978 shares after selling 35,992 shares. Other institutional investors are also adjusting their positions in Pfizer. The company recently reported a quarterly EPS of $0.60, beating estimates, with revenue of $12.28 billion. Pfizer declared a quarterly dividend of $0.42, yielding 5.81%. Analysts have mixed ratings on Pfizer, with a consensus target price of $36.54, reflecting a "Moderate Buy" rating.

SNS Financial Group LLC lowered its stake in Pfizer Inc. (NYSE:PFE - Free Report) by 64.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 19,978 shares of the biopharmaceutical company's stock after selling 35,992 shares during the quarter. SNS Financial Group LLC's holdings in Pfizer were worth $559,000 at the end of the most recent quarter.

-   These 3 Stocks Pay You More Than 5% to Own Them

Several other institutional investors have also added to or reduced their stakes in PFE. Olistico Wealth LLC purchased a new position in shares of Pfizer during the second quarter valued at approximately $25,000. MFA Wealth Advisors LLC bought a new position in Pfizer in the 2nd quarter worth $29,000. Creekmur Asset Management LLC purchased a new stake in shares of Pfizer in the 4th quarter worth about $32,000. Trivant Custom Portfolio Group LLC boosted its stake in shares of Pfizer by 100.0% during the 1st quarter. Trivant Custom Portfolio Group LLC now owns 1,200 shares of the biopharmaceutical company's stock valued at $33,000 after purchasing an additional 600 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. purchased a new position in shares of Pfizer during the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 68.36% of the company's stock.

## Pfizer Price Performance

Shares of Pfizer stock traded up $0.12 on Friday, hitting $28.90. 21,885,329 shares of the company traded hands, compared to its average volume of 39,008,852. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.60 and a current ratio of 0.86. The business has a 50-day simple moving average of $28.85 and a 200 day simple moving average of $27.96. Pfizer Inc. has a 52 week low of $25.20 and a 52 week high of $36.94. The stock has a market capitalization of $163.76 billion, a P/E ratio of -481.67, a price-to-earnings-growth ratio of 0.98 and a beta of 0.69.

  

-   Value Investing: Unearthing 3 Hidden Gems in Today's Market

Pfizer (NYSE:PFE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The biopharmaceutical company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.46 by $0.14. The business had revenue of $13.28 billion for the quarter, compared to analysts' expectations of $12.96 billion. Pfizer had a negative net margin of 4.66% and a positive return on equity of 8.42%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 EPS. Research analysts expect that Pfizer Inc. will post 2.68 earnings per share for the current fiscal year.

## Pfizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, July 26th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 5.81%. The ex-dividend date is Friday, July 26th. Pfizer's dividend payout ratio is presently -2,800.00%.

## Wall Street Analyst Weigh In

-   Merck's Stock Dip Offers a Buying Opportunity: Here’s Why

A number of research firms have weighed in on PFE. UBS Group upped their target price on Pfizer from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. BMO Capital Markets reissued an "outperform" rating and set a $36.00 price objective (up previously from $33.00) on shares of Pfizer in a research note on Thursday, May 2nd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $45.00 target price on shares of Pfizer in a research note on Monday, August 19th. Barclays upped their price target on Pfizer from $30.00 to $32.00 and gave the company an "equal weight" rating in a report on Wednesday, July 31st. Finally, Daiwa America raised Pfizer from a "moderate buy" rating to a "strong-buy" rating in a research report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.54.

**View Our Latest Report on PFE**

## Pfizer Profile

(Free Report)

Pfizer Inc discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products in the United States, Europe, and internationally. The company offers medicines and vaccines in various therapeutic areas, including cardiovascular metabolic, migraine, and women's health under the Eliquis, Nurtec ODT/Vydura, Zavzpret, and the Premarin family brands; infectious diseases with unmet medical needs under the Prevnar family, Abrysvo, Nimenrix, FSME/IMMUN-TicoVac, and Trumenba brands; and COVID-19 prevention and treatment, and potential future mRNA and antiviral products under the Comirnaty and Paxlovid brands.

## Featured Stories

-   Five stocks we like better than Pfizer
-   How to Invest in the Best Canadian Stocks
-   CAVA Stock Rallies as Earnings Confirm It’s a Top Growth Play
-   Do ETFs Pay Dividends? What You Need to Know
-   MarketBeat Week in Review – 8/19 - 8/23
-   Financial Services Stocks Investing
-   3 High Short-Interest Stocks Poised for a Rate Cut Squeeze

**Want to see what other hedge funds are holding PFE?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pfizer Inc. (NYSE:PFE - Free Report).

*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

→ Are you ignoring this trading opportunity? (From DTI) (Ad)## Should you invest $1,000 in Pfizer right now?

Before you consider Pfizer, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pfizer wasn't on the list.

While Pfizer currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

### Related Stocks

- [PFE.US - Pfizer](https://longbridge.com/en/quote/PFE.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 辉瑞在台湾开展新的 Elranatamab 研究，目标是收集现实世界的骨髓瘤数据 | 辉瑞公司（Pfizer Inc.，股票代码：PFE）正在台湾启动一项新的观察性研究，以评估其多发性骨髓瘤药物 elranatamab 在真实世界中的有效性。该研究旨在跟踪患者的治疗结果和治疗模式，尽管尚未开始招募参与者。此举预计将增强辉瑞的 | [Link](https://longbridge.com/en/news/276252273.md) |
| 这位辉瑞分析师以看空的基调开始覆盖；以下是周五的五大新启动 | 华尔街顶级分析师已对多家公司启动了覆盖。Baird 的 David Koning 对 Affirm Holdings (AFRM) 给予中性评级，目标价为 55 美元。Piper Sandler 的 Biren Amin 对 OKYO Ph | [Link](https://longbridge.com/en/news/276467088.md) |
| 沃尔玛四季度财报超预期但盈利指引不及预期，CEO 称 “美国低收入家庭只能勉强维持生计” | 沃尔玛 Q4 营收超预期，新财年盈利指引（每股 2.75-2.85 美元）远低于市场预期的 2.96 美元，显示通胀压力下消费者支出不确定性犹存，拖累股价下跌 1.38%。财报印证 K 型” 分化：高收入家庭驱动增长，低收入群体 “钱包吃紧 | [Link](https://longbridge.com/en/news/276398633.md) |
| 谷歌突然发布 Gemini 3.1 Pro：核心推理性能直接翻倍 | 谷歌发布了最新的大模型 Gemini 3.1 Pro，其推理性能较去年发布的 Gemini 3 Pro 翻倍。在 ARC-AGI-2 评测中，Gemini 3.1 Pro 得分 77.1%，显示出强大的推理能力。新模型支持多源数据综合和复杂 | [Link](https://longbridge.com/en/news/276396515.md) |
| GRAIL｜8-K：2025 财年 Q4 营收 43.6 百万美元超过预期 |  | [Link](https://longbridge.com/en/news/276379877.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
