One Capital Management Lowers stake in Pfizer (PFE)

Pfizer (PFE) : One Capital Management reduced its stake in Pfizer by 3.99% during the most recent quarter end. The investment management company now holds a total of 83,086 shares of Pfizer which is valued at $2,906,348 after selling 3,451 shares in Pfizer , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Pfizer makes up approximately 0.96% of One Capital Management’s portfolio.

Other Hedge Funds, Including , Groesbeck Investment Management Corp Nj added PFE to its portfolio by purchasing 6,350 company shares during the most recent quarter which is valued at $222,123. Pfizer makes up approx 0.15% of Groesbeck Investment Management Corp Nj’s portfolio.Nelson Roberts Investment Advisors boosted its stake in PFE in the latest quarter, The investment management firm added 189 additional shares and now holds a total of 2,999 shares of Pfizer which is valued at $104,905. Pfizer makes up approx 0.04% of Nelson Roberts Investment Advisors’s portfolio.Amica Mutual Insurance Co reduced its stake in PFE by selling 45,570 shares or 12.09% in the most recent quarter. The Hedge Fund company now holds 331,444 shares of PFE which is valued at $11,696,659. Pfizer makes up approx 1.10% of Amica Mutual Insurance Co’s portfolio.Gilman Hill Asset Management boosted its stake in PFE in the latest quarter, The investment management firm added 3,014 additional shares and now holds a total of 152,650 shares of Pfizer which is valued at $5,608,361. Pfizer makes up approx 2.22% of Gilman Hill Asset Management’s portfolio.

Pfizer opened for trading at $34.94 and hit $35.17 on the upside on Monday, eventually ending the session at $35.11, with a gain of 0.83% or 0.29 points. The heightened volatility saw the trading volume jump to 1,51,24,885 shares. Company has a market cap of $212,965 M.

On the company’s financial health, Pfizer reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.62. The company had revenue of $13147.00 million for the quarter, compared to analysts expectations of $13013.24 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on Pfizer. Shares were Reiterated by Jefferies on Jun 20, 2016 to “Buy” and Lowered the Price Target to $ 40 from a previous price target of $42 .

Pfizer Inc. is a global biopharmaceutical company. The Company is engaged in discovering developing and manufacturing of healthcare products. Its products include Lyrica the Prevnar family of products Enbrel Celebrex Lipitor Viagra Zyvox Sutent EpiPen Toviaz Tygacil Rapamune Xalkori Inlyta Norvasc BeneFIX Genotropin and Enbrel among others. It operates in three segments: Global Innovative Pharmaceutical segment (GIP) Global Vaccines Oncology and Consumer Healthcare segment (VOC) and Global Established Pharmaceutical segment (GEP). GIP is focused on developing registering and commercializing medications in therapeutic areas such as inflammation cardiovascular/metabolic neuroscience and pain rare diseases and women’s/men’s health. VOC focuses on the development and commercialization of vaccines and products for oncology and consumer healthcare. GEP includes its sterile injectable products and bio similar development portfolio. Its subsidiary is Hospira Inc.

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