Mcmillion Capital Management Inc Lowers stake in Pfizer (PFE)

Pfizer (PFE) : Mcmillion Capital Management Inc reduced its stake in Pfizer by 2.15% during the most recent quarter end. The investment management company now holds a total of 93,287 shares of Pfizer which is valued at $3,258,515 after selling 2,045 shares in Pfizer , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Pfizer makes up approximately 2.42% of Mcmillion Capital Management Inc’s portfolio.

Other Hedge Funds, Including , San Francisco Sentry Investment Group (ca) reduced its stake in PFE by selling 2,153 shares or 5.88% in the most recent quarter. The Hedge Fund company now holds 34,490 shares of PFE which is valued at $1,204,736. Pfizer makes up approx 0.71% of San Francisco Sentry Investment Group (ca)’s portfolio.Notis-mcconarty Edward reduced its stake in PFE by selling 283 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 16,400 shares of PFE which is valued at $576,460. Pfizer makes up approx 0.39% of Notis-mcconarty Edward’s portfolio.Advisors Asset Management reduced its stake in PFE by selling 112,476 shares or 6.39% in the most recent quarter. The Hedge Fund company now holds 1,648,434 shares of PFE which is valued at $57,942,455. Pfizer makes up approx 0.91% of Advisors Asset Management’s portfolio.Crestpoint Capital Management boosted its stake in PFE in the latest quarter, The investment management firm added 5,400 additional shares and now holds a total of 68,800 shares of Pfizer which is valued at $2,520,832. Pfizer makes up approx 1.30% of Crestpoint Capital Management’s portfolio.Community Bank N.a. boosted its stake in PFE in the latest quarter, The investment management firm added 1,108 additional shares and now holds a total of 106,334 shares of Pfizer which is valued at $3,896,078. Pfizer makes up approx 0.90% of Community Bank N.a.’s portfolio.

Pfizer opened for trading at $34.75 and hit $35.15 on the upside on Wednesday, eventually ending the session at $35.14, with a gain of 1.01% or 0.35 points. The heightened volatility saw the trading volume jump to 1,70,40,893 shares. Company has a market cap of $213,147 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 .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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