Grantham Mayo Van Otterloo buys $429,617,854 stake in Pfizer (PFE)

Pfizer (PFE) : Grantham Mayo Van Otterloo scooped up 6,480,946 additional shares in Pfizer during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 12,281,814 shares of Pfizer which is valued at $429,617,854.Pfizer makes up approximately 1.70% of Grantham Mayo Van Otterloo’s portfolio.

Other Hedge Funds, Including , Investec Asset Management Ltd reduced its stake in PFE by selling 32,039 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 7,456,935 shares of PFE which is valued at $260,843,586. Pfizer makes up approx 1.27% of Investec Asset Management Ltd’s portfolio.Dorsey Whitney Trust Co boosted its stake in PFE in the latest quarter, The investment management firm added 10,125 additional shares and now holds a total of 149,958 shares of Pfizer which is valued at $5,245,531. Pfizer makes up approx 1.17% of Dorsey Whitney Trust Co’s portfolio.Columbus Circle Investors reduced its stake in PFE by selling 287,732 shares or 52.51% in the most recent quarter. The Hedge Fund company now holds 260,254 shares of PFE which is valued at $9,184,364. Pfizer makes up approx 0.09% of Columbus Circle Investors’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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