Mitsubishi Ufj Kokusai Asset Management Ltd. buys $33,723,759 stake in Pfizer (PFE)

Pfizer (PFE) : Mitsubishi Ufj Kokusai Asset Management Ltd. scooped up 25,855 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 955,618 shares of Pfizer which is valued at $33,723,759.Pfizer makes up approximately 0.85% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

Other Hedge Funds, Including , Matterhorn Capital Management reduced its stake in PFE by selling 27,915 shares or 38.38% in the most recent quarter. The Hedge Fund company now holds 44,820 shares of PFE which is valued at $1,581,698. Pfizer makes up approx 0.98% of Matterhorn Capital Management’s portfolio.Forte Capital Adv boosted its stake in PFE in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 8,789 shares of Pfizer which is valued at $319,129. Pfizer makes up approx 0.12% of Forte Capital Adv’s portfolio.Hollencrest Securities reduced its stake in PFE by selling 30,112 shares or 15.15% in the most recent quarter. The Hedge Fund company now holds 168,686 shares of PFE which is valued at $6,092,938. Pfizer makes up approx 0.95% of Hollencrest Securities’s portfolio.Howland Capital Management boosted its stake in PFE in the latest quarter, The investment management firm added 142 additional shares and now holds a total of 56,093 shares of Pfizer which is valued at $2,026,079. Pfizer makes up approx 0.19% of Howland Capital Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in PFE by selling 1,009,870 shares or 43.96% in the most recent quarter. The Hedge Fund company now holds 1,287,330 shares of PFE which is valued at $46,498,360. Pfizer makes up approx 0.21% of Bnp Paribas Arbitrage Sa’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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