The Public Sector Pension Investment Board significantly increased its stake in Pfizer Inc. (NYSE:PFE) by 150.4% in the third quarter, bringing its total holdings to 1,098,177 shares valued at approximately $27.98 million. Pfizer recently exceeded EPS estimates with $0.66 per share on $17.56 billion in revenue and announced a quarterly dividend of $0.43, equivalent to an annualized yield of 6.2%, despite a high payout ratio of 126%. The stock, which trades with a market cap of around $156.8 billion and a P/E of 20.3, currently holds a “Hold” consensus analyst rating and a target price of $28.00.
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Public Sector Pension Investment Board Grows Stock Holdings in Pfizer Inc. $PFE
The Public Sector Pension Investment Board significantly increased its stake in Pfizer Inc. (NYSE:PFE) by 150.4% in the third quarter, bringing its total holdings to 1,098,177 shares valued at approximately $27.98 million. Pfizer recently exceeded EPS estimates with $0.66 per share on $17.56 billion in revenue and announced a quarterly dividend of $0.43, equivalent to an annualized yield of 6.2%, despite a high payout ratio of 126%. The stock, which trades with a market cap of around $156.8 billion and a P/E of 20.3, currently holds a “Hold” consensus analyst rating and a target price of $28.00.