The State of New Jersey Common Pension Fund D increased its stake in Pfizer Inc. (NYSE:PFE) by 3.6% in Q3, now owning over 1.97 million shares valued at approximately $50.36 million. Pfizer reported stronger-than-expected Q4 earnings with $0.66 EPS against an estimated $0.57, and revenues of $17.56 billion, surpassing the $16.93 billion consensus. The company declared a quarterly dividend of $0.43, offering a 6.2% yield, but analysts currently have an average “Hold” rating on the stock with a target price of $28.00.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Pfizer Inc. $PFE Shares Bought by State of New Jersey Common Pension Fund D
The State of New Jersey Common Pension Fund D increased its stake in Pfizer Inc. (NYSE:PFE) by 3.6% in Q3, now owning over 1.97 million shares valued at approximately $50.36 million. Pfizer reported stronger-than-expected Q4 earnings with $0.66 EPS against an estimated $0.57, and revenues of $17.56 billion, surpassing the $16.93 billion consensus. The company declared a quarterly dividend of $0.43, offering a 6.2% yield, but analysts currently have an average “Hold” rating on the stock with a target price of $28.00.