Amica Mutual Insurance Co Lowers stake in Pfizer (PFE)

Pfizer (PFE) : Amica Mutual Insurance Co reduced its stake in Pfizer by 12.09% during the most recent quarter end. The investment management company now holds a total of 331,444 shares of Pfizer which is valued at $11,696,659 after selling 45,570 shares in Pfizer , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Pfizer makes up approximately 1.10% of Amica Mutual Insurance Co’s portfolio.

Other Hedge Funds, Including , Bainco International Investors boosted its stake in PFE in the latest quarter, The investment management firm added 16,768 additional shares and now holds a total of 258,498 shares of Pfizer which is valued at $9,122,394. Pfizer makes up approx 1.88% of Bainco International Investors’s portfolio.Sabal Trust Co boosted its stake in PFE in the latest quarter, The investment management firm added 21,421 additional shares and now holds a total of 640,222 shares of Pfizer which is valued at $23,617,790. Pfizer makes up approx 2.67% of Sabal Trust Co’s portfolio.Patriot Wealth Management boosted its stake in PFE in the latest quarter, The investment management firm added 5,770 additional shares and now holds a total of 219,708 shares of Pfizer which is valued at $8,096,240. Pfizer makes up approx 1.55% of Patriot Wealth Management’s portfolio.Meritage Portfolio Management reduced its stake in PFE by selling 6,205 shares or 3.92% in the most recent quarter. The Hedge Fund company now holds 152,008 shares of PFE which is valued at $5,584,774. Pfizer makes up approx 0.61% of Meritage Portfolio Management’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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