Recent insider trends for Pfizer Inc. (NYSE:PFE) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of PFE, the data has a lot to say about how the stock might perform going forward.
Institutions own 70.87% of Pfizer Inc. (PFE)’s shares. The total value of these holdings, in millions, is $148,603. Among active positions in the latest quarter, 865 holders increased their positions by a total of 158.88 million shares, 1,018 holders decreased the positions by a total of 158.01 million shares, and 238 holders held their positions. This works out to a net increase in ownership of 871619 shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 87 holders initiated new positions by a total of 20.66 million shares and 72 holders exited their positions by a total of 8.19 million shares. This nets out to an increase of 12.47 million shares and is a bullish sign for PFE.
In the last three months, insiders executed a total of 10 trades. 10 were sells. Insider ownership decreased by a total of 371490 shares, which suggests that PFE’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 17 buys and 51 sells, and ownership decreased by a net of 1.88 million shares.
Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Pfizer Inc. (NYSE:PFE)’s short interest is 51.41 million shares, or % of the float. This represents a decrease of -12% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that PFE is a Weak buy, which implies that PFE is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Pfizer Inc. (NYSE:PFE) is undervalued.