How to buy Pfizer stock

Pfizer, whose ticker is PFE, is traded on the New York Stock Exchange and has a market cap of more than $250 billion. It is one of the world’s biggest pharmaceutical corporations and ranked 64th on the Fortune 500 in 2020. It is best known for products such as Advil, Viagra, Xanax and Zoloft.

If you are interested in investing in Pfizer, the most straightforward way is to buy shares of the company through a brokerage account. And a financial advisor can help you determine whether Pfizer can give your portfolio a boost and how much of your investments should be in pharmaceuticals.

How can you buy Pfizer stock with an brokerage account?

As their name implies, stockbrokers can help broker trades of stocks and other securities on behalf of their clients. You can buy or sell Pfizer stock on your own by opening a brokerage account with one of the many brokerage firms. The biggest brokerages might be suitable for most people, although more niche investments like cryptocurrencies and futures may not be available to most investors.

If you’re just starting out, the right broker can be so much more than simply a platform for placing trades. Consider choosing an online broker that offers educational resources — many have libraries of how-to content on their websites to help you get started. Often called discount brokers, online brokers are typically less expensive and allow you to buy or sell Pfizer stock and other investments directly through their websites or trading platforms with no commission charge.

How to buy Pfizer stock through mutual funds and ETFs.

While you can invest by buying individual shares of different companies on your own, mutual funds and exchange-traded funds (ETFs) may be a more effective alternative. A mutual fund or an Exchange Traded Fund (ETF) is regarded as a diversified investment and safer than investing in a single stock. ETFs with exposure to Pfizer include iShares U.S. Pharmaceuticals ETF (IHE), Invesco Dynamic Pharmaceuticals ETF (PJP), Health Care Select Sector SPDR Fund (XLV), and Global Beta Smart Income ETF (GBDV) among many others.

How can you buy Pfizer stock directly?

If you are not an employee, you can buy stock from a company directly through either a Direct Stock Purchasing Program (DSPP) or a Dividend Reinvestment Plan (DRIP). You can buy Pfizer stock directly from the company by opening a direct stock purchase account with the company’s transfer agent, Computershare. You can open an account online on the Computershare website or by calling 800-733-9333.

However, direct stock plans’ appeal has faded with the advent of online stock buying and because most online brokerages trade your stocks for free.

How to buy Pfizer stock with an advisor?

An advisor can look at your overall situation, help you come up with a systematic plan. They may make your money grow faster than you can, help you avoid costly mistakes, and be more than worth the expense.

Is Pfizer a good stock to buy now?

Over the past 10 years, the S&P 500 Index has outperformed this big pharma company. But momentum is picking up for Pfizer. But Pfizer stock soared 60% last year while the S&P 500 advanced 27%. However, so far in 2022, Pfizer’s share price has dropped close to 20%. The big-pharma stock currently trades at 7.3 times expected earnings. But the company remains confident that it will deliver revenue growth of at least 6% per year through 2025. So, should you invest in this drugmaker in 2022?

We now estimate Pfizer’s Valuation to be $58 per share, which is 27% above the current market price of $45.75. Right now, it trades at only about 8.5 times forward earnings estimates. And Pfizer also pays a solid dividend — with a yield of more than 2.8%. All of this makes a great time to invest in Pfizer for success this year — and beyond.

Pfizer’s competitors include Moderna (NASDAQ: MRNA), AstraZeneca (NASDAQ: AZN), GlaxoSmithKline (NYSE: GSK), and Johnson & Johnson (NYSE: JNJ). Roche Holding (RHHBY), Eli Lilly (NYSE: LLY), AbbVie (NYSE: ABBV), Novartis (NYSE: NVS), and Merck (NYSE: MRK).

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