Summary
Pfizer is an international pharmaceutical corporation that researches, produces, and sells a wide variety of pharmaceuticals, including both prescription and over-the-counter drugs.
Stock performance and dividend history are two important factors to examine when deciding whether or not to invest in Pfizer. The availability of NYSE access should be the first priority when selecting a broker for buying Pfizer shares. In addition, when looking for a broker to purchase shares, you should investigate the accessibility of leverage, trading platforms, commission, and fees.
When buying shares, it is crucial to assess how they align with your current investment portfolio. Consider whether the potential investment will lead to an over-concentration in a specific sector or industry, create an imbalance between value and growth stocks, tilt your portfolio towards a particular geographic region, or overweight your portfolio in equities. When learning how to buy Pfizer (PFE) shares, these questions help assess diversification and prevent excessive concentration. For instance, Pfizer, a large-cap value company, may not offer the rapid growth of newer tech companies but provides a consistent and increasing dividend. These factors suggest that Pfizer might be suitable for a portfolio seeking a better balance of less-volatile, income-producing value stocks.
You can start trading Pfizer shares right away by Signing up with an online broker. Choosing a regulated broker with multiple markets makes trading super easy and safe. With this comprehensive guide, learn all you need to know about investing in Pfizer stock.
Invest in Pfizer and join the global health revolution for a prosperous future. If Pfizer’s stellar success has you considering an investment, here’s how to buy Pfizer shares.
- Select an Online Trading Broker
- Create a Brokerage Account
- Deposit Funds
- Buy Pfizer Shares
- Manage your Pfizer Positions
Before making a choice, investors should weigh the pros and cons of purchasing Pfizer stock. These are enlisted below:
Pros
- Dividend Income
- Established and Reputable Company
- Strong Pipeline and Secure Future
Cons
- High Competition
- Less Growth
- Patents Expirations can Lead to Less Sales
When contemplating buying Pfizer shares, there are some factors that need to be taken into account to make better decisions. These factors are discussed below:
Commissions & Fees
When a broker or brokerage business executes a trade on an investor’s behalf, they typically charge a commission. Commissions are often based on several factors, including the value of the trade, the nature of the investment, and the broker’s fee schedule. As a result, your overall commission costs will rise in proportion to the volume of trades you make. However, the costs associated with stock trading can be reduced thanks to commission-free brokers like eToro and Capital.com. Apart from commissions, traders may also be subjected to share handling fees, trading fees, and non-trading fees (all of which are addressed further in the article).
Stock Brokers Regulations
Investors and traders across the globe have the option to buy PFE shares through online brokerage firms. However, when engaging in such transactions, it is essential to put security first and only use trustworthy platforms.
Regulatory authorities enforce regulations to ensure compliance with industry standards and protect customers’ funds in the event of fraud or insolvency. That said, to buy Pfizer shares choose a brokerage platform supervised by a reliable regulatory body to minimise risk. If brokerage businesses operate in multiple jurisdictions, it is important to confirm the applicable regulations. Additionally, verify that the brokerage firm can legally conduct business in the countries you wish to trade. Some of the top regulatory bodies in the world include: Australian Securities and Investment Commission (ASIC), Financial Conduct Authority (FCA), and Cyprus Securities and Exchange Commission (CySEC).
Trading Platforms
The type of trading platform brokers offer is a significant consideration when deciding how to buy Pfizer (PFE) shares. Innovative trading platforms and apps are available from many online brokers, considerably simplifying the process of buying and selling shares. Choose a broker that supports multiple trading platforms, such as MT4 and MT5, in addition to their own proprietary one.
Those interested in trading PFE shares should find a broker that offers a user-friendly trading interface. The trading platform determines the amount of data and analysis options available to a trader. Traders can enjoy the benefits of these platforms because they are easily available via various mediums, including online browsers, desktop apps, and mobile apps. They must ensure that the platform provides a means of personalization so that their preferences remain front and centre.
Leverage Availability
To “leverage” means trading with a larger position than the funds in your trading account allow. It raises the possibility of trading earnings for investors and increases the possibility of trading losses. Stocks traded using leverage are often referred to as stock CFDs (Contracts for Difference).
Depending on the laws of the country in which they are based, several retail-oriented online platforms provide leverage ratios anywhere from 1:2 to 1:10. For equities and ETFs offered as CFDs, for instance, customers of eToro (EU), eToro (Australia), and eToro (UK) have access to leverage of up to 1:5. In contrast, customers of eToro (Seychelles) Ltd. have access to leverage of up to 1:10.
When considering buying Pfizer shares CFDs, it is important to consider the available leverage. Notably, Capital.com provides its global retail customers with leverage of 1:5 when trading stock CFDs.
Before using leverage in the trading process, investors should seriously consider their risk appetite, trading methods, and the potential impact of leverage on their positions.
Pfizer Stock Performance
In 1942, Pfizer went public and people were given the chance to buy 240,000 shares of the stock. Until 1998, share prices never broke the $10 threshold, when the Food and Drug Administration (FDA) approved Pfizer’s revolutionary new drug Viagra at the end of March.
Furthermore, in March 2021, the price of PFE shares started its bullish rally from $33 and it continuously rose to reach about $61 in December 2021. The surge was due to massive sales of its famous Pfizer coronavirus vaccine. Since then, the company’s shares have declined by about 39% and now they are trading at $37 per share. Over the course of the last 5 years, Pfizer stock has gained about 19%.
When buying Pfizer stocks, remember that results from the past have no bearing on the future.
Pfizer Past Dividends
Pfizer has been paying shareholders dividends since 1980, and the business has increased its dividend for 13 years in a row. Prior to the dividend drop made during the Great Depression, PFE was a Dividend Aristocrat. The fact that Pfizer pays dividends is good news for those seeking dividend stocks. So, if you invest in Pfizer shares, you’ll get a payment every three months.
Over the past decade, Pfizer has boosted its dividend payments by about 7.2% annually. The current dividend yield is 4.39%, with a quarterly dividend payout of $0.40 per share. Its last ex-dividend date was on May 10, 2023. Despite potential impending challenges from patent expirations, Pfizer should be able to sustain the dividend at least at current levels for years to come.
Online brokers typically offer various types of trading platforms to facilitate the purchase of Pfizer shares and other securities. These platforms come in many forms including online trading platforms, mobile trading apps, and desktop software. Let’s delve into different platforms brokers offer in detail.
Desktop Trading Platforms
Desktop trading systems facilitate access to the financial markets. It is common practice for a broker to develop its own trading platform, which is then made available to its clients. Traders can take benefit of a broker’s full suite of tools thanks to this platform. Clients can buy Pfizer shares and other securities simply due to the broker’s specialised trading platforms. Besides those, there are third-party platforms like the MT5 online platform that make trading on a desktop terminal possible. Apart from that, it works with Windows, Linux, and Mac without issues at all. Traders can utilise MetaTrader 5’s full online features to conduct market analysis and place trades. For instance, eToro’s proprietary platform can be accessed from a desktop computer.
Mobile Apps
In today’s mobile-first environment, brokers commonly offer trading apps for mobile devices. Traders may check their portfolios and make trades from anywhere with the help of mobile trading apps. Like the desktop version, a dedicated mobile app should provide the key functionality and real-time market information in a quick and easy-to-use format. Besides, brokers offer third-party mobile platforms like MT4 and MT5 for download on mobile devices. They are the recent versions of MetaQuotes’ trading platform. With the MT4/MT5 mobile app, a complete gamut of trading operations, from checking the trade history to conducting in-depth studies with chart patterns and graphical elements, are all possible.
When learning how to buy Pfizer (PFE) stocks, knowing the associated costs of buying and selling shares is pertinent to prevent getting caught off-guard. The fees associated with trading shares are classified broadly into two categories- trading fees and non-trading fees.
Trading Fees
When buying Pfizer stock, traders pay spreads, commission, swap fees, and other trading costs. The amount varies by broker and trade size. Brokers charge swap fees for keeping a trade open overnight. Another trading fee is called the spread. It is the difference between the share’s bid and the final transaction cost that influences prices. Brokerage firms may also charge an additional commission for purchasing shares, often around 1%.
Non-Trading Fees
Brokers might tack on hidden, non-trading costs when you buy shares in Pfizer. You may incur an inactivity fee at some brokerages if you don’t make any trades for an extended period. The cost could vary based on the broker you use and your account type.
Plus, some brokers charge clients an additional “custody fee” to cover the costs associated with the care and maintenance of their client’s stock holdings. Depending on the broker and the withdrawal method, the broker may impose a withdrawal fee before withdrawing. Besides, clients may incur a currency exchange fee when they want to buy Pfizer shares in a currency other than their account’s base currency. Furthermore, there may be a cost associated with putting funds into your brokerage account. Depending on the broker and the deposit method, the charge may also vary.
About Pfizer (PFE)
Headquartered in New York city, Pfizer is an American multinational biopharmaceutical corporation. Under the ticker symbol PFE, Pfizer shares are traded on the New York stock exchange. The stock is included in the benchmark S&P 100 and S&P 500 indices. Until August 2020, it was also included in the Dow Jones Industrial Average.
Having a market capitalization of $210.82B, the company’s share price as of today is 37.35 USD. The company’s shares outstanding for the quarter ending March 31, 2023, were 5.727B, a decline of 0.54% annually. Those considering how to buy shares in Pfizer should know that the PFE share price may rise or fall depending on the company’s quarterly earnings report, financial performance, and how well it meets or exceeds market expectations. Even more, Pfizer’s stock price is susceptible to the company’s track record of successfully bringing innovative medications and cures to market. Furthermore, it can be affected by developments and trends in the pharmaceutical business, the healthcare sector, and the broader market.
Large-cap value companies like Pfizer are expected to grow slower than, say, a startup tech firm. On the other hand, Pfizer has a dividend that has increased reliably throughout time, and its stock price in 2022 showed less volatility than that of several of its rivals. These factors suggest that Pfizer might be suitable for a portfolio seeking a better balance of less volatile, dividend-yielding value stocks.
Now that we have explored the ins and outs of buying Pfizer shares, let’s delve into the thoughts expressed by people on popular social platforms like Reddit and Quora.
Reddit is a social platform where users discuss, post queries, comment, and vote. While searching through Reddit, we found a lot of discussion threads where users posted questions and asked the opinion of others on how to buy Pfizer shares and whether it’s a good stock for a long-term hold. People have mixed views on PFE shares; some considered it a long-term haul, while some were pessimistic about its post-pandemic performance.
In one of the posts, a user asked if Pfizer is a buy now, considering it will buy up another company, Seagen. In one of the many comments, this user stated that he bought more PFE shares today, and the Pfizer management knows what they are doing. The company has a nice dividend yield, and its pipeline is ok too.
Quora
As a well-known Q&A website, Quora allows its users to pose questions to the community and receive feedback from other users. We found many threads related to buying shares in Pfizer during our search. However, we couldn’t find many recent discussions on the PFE stocks. The people seem to have more positive views about the share as Pfizer yields dividends.
When asked how to buy PFE shares and if it’s a good investment for long-term gains. This user comprehensively replied that one needs to check several parameters before investing in a particular company. The checklist includes dividends, increased revenues, better growth, and higher net profits compared to its competitors.
Bottom Line
When considering how to buy Pfizer (PFE) shares, doing extensive study before committing to anything is required to ensure that you are making the best possible choice. Once you’ve done so, choosing the best order type and funding your account are both remarkably simple processes.
Checking a broker’s regulatory standing, trading fees, and trading platforms are the bare minimums to consider when selecting a broker to handle your share dealings. If you want to invest in share CFDs instead of actual shares, you should see if your broker offers that option. Brokerage firms typically provide one of two types of trading platforms: either their own proprietary system or a more widely used industry standard such as MetaTrader 5. There are benefits and drawbacks to both, and certain traders may choose one over the other depending on their skill level and trading objectives. However, most people would probably agree that either option does the job adequately.
You should learn about the upsides and downsides of investments like shares before committing your life savings to them. The potential for financial gain is one of the advantages of stock investing, but substantial losses can occur if the company or industry in which you have invested performs poorly. Finally, remember that purchasing shares is a long-term investment, and that the majority of investments of this type only grant appreciable returns after a decade has passed, so be prepared to wait a very long time.
Q & A
Pfizer Inc. (Pfizer) is a multinational biopharmaceutical corporation with a focus on research. The Company is involved in the development, production, and discovery of healthcare goods.
Most of Pfizer’s shares are held by institutional investors. One largest shareholder is Vanguard Group.
Pfizer was founded in 1849 in New York by two German entrepreneurs, Charles Pfizer and his cousin Charles F. Erhart.
On June 22, 1942, Pfizer had its first initial public offering.
According to data retrieved from TradingView, Pfizer had a starting price of $0.42 as at 1968.
In 2022, Pfizer shares outstanding were 5.733 Billion.
Thanks to fractional shares, clients can buy shares with as much money as they want.
To start, select an Online trading broker, create a Brokerage Account and then deposit funds. Buy Pfizer Shares and then manage your Pfizer Positions.
Yes, Pfizer shares can be traded online as CFDs.
Capital.com offers Pfizer shares as CFDs.
Some brokers charge commission on Pfizer shares. But there are many commission-free brokers available online. Examples are eToro and Capital.com.
Pfizer generated a profit of $18.28B in Q1 of 2023, which is a decrease of 28.76% YoY. However, apart from these fluctuations Pfizer is a stable and profitable company.
The Vanguard Group, Inc. owns the largest shares of Pfizer.
As a beginner, anyone can invest their money in Pfizer shares. However, always keep in mind investing in stocks can be risky.
Yes, Pfizer pays dividends on its shares.
