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Pfizer beat earnings estimates but missed revenue targets, as major investors cut holdings.
In the first quarter, Hurley Capital LLC reduced its Pfizer holdings by 55.8%, and First Foundation Advisors cut its stake by 2.2%.
Pfizer reported earnings of $0.92 per share, beating estimates by $0.25, but fell short on revenue with $13.72 billion.
The company's stock is rated "Hold" with a target price of $28.55.
Pfizer also announced a quarterly dividend of $0.43 per share.
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Pfizer superó las estimaciones de ganancias, pero no alcanzó los objetivos de ingresos, ya que los principales inversores redujeron sus participaciones.