Hanlon Investment Management buys $5,226,978 stake in Pfizer (PFE)

Pfizer (PFE) : Hanlon Investment Management scooped up 138,369 additional shares in Pfizer during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 148,115 shares of Pfizer which is valued at $5,226,978.Pfizer makes up approximately 0.44% of Hanlon Investment Management’s portfolio.

Other Hedge Funds, Including , Tocqueville Asset Management reduced its stake in PFE by selling 25,891 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 2,337,072 shares of PFE which is valued at $86,214,586. Pfizer makes up approx 1.07% of Tocqueville Asset Management’s portfolio.Hoertkorn Richard Charles reduced its stake in PFE by selling 2,200 shares or 3.2% in the most recent quarter. The Hedge Fund company now holds 66,485 shares of PFE which is valued at $2,442,659. Pfizer makes up approx 1.86% of Hoertkorn Richard Charles’s portfolio.First American Bank boosted its stake in PFE in the latest quarter, The investment management firm added 16,799 additional shares and now holds a total of 158,992 shares of Pfizer which is valued at $5,841,366. Pfizer makes up approx 0.57% of First American Bank’s portfolio.Gateway Investment Advisers reduced its stake in PFE by selling 183,838 shares or 4.47% in the most recent quarter. The Hedge Fund company now holds 3,925,985 shares of PFE which is valued at $142,552,515. Pfizer makes up approx 1.19% of Gateway Investment Advisers’s portfolio.

Pfizer closed down -0.51 points or -1.44% at $34.93 with 3,05,40,494 shares getting traded on Monday. Post opening the session at $35.28, the shares hit an intraday low of $34.71 and an intraday high of $35.28 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 .Berenberg Initiated Pfizer on May 12, 2016 to “Hold”, Price Target of the shares are set at $38.

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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