Hexavest Lowers stake in Pfizer (PFE)

Pfizer (PFE) : Hexavest reduced its stake in Pfizer by 1.42% during the most recent quarter end. The investment management company now holds a total of 6,191,326 shares of Pfizer which is valued at $201,218,095 after selling 89,055 shares in Pfizer , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Pfizer makes up approximately 3.11% of Hexavest’s portfolio.

Pfizer closed down -0.15 points or -0.46% at $32.5 with 3,52,74,322 shares getting traded on Friday. Post opening the session at $32.65, the shares hit an intraday low of $32.3 and an intraday high of $32.785 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Country Club Trust Company N.a. boosted its stake in PFE in the latest quarter, The investment management firm added 3,630 additional shares and now holds a total of 284,534 shares of Pfizer which is valued at $9,247,355. Pfizer makes up approx 1.37% of Country Club Trust Company N.a.’s portfolio.Lynch Associatesin reduced its stake in PFE by selling 1,372 shares or 0.89% in the most recent quarter. The Hedge Fund company now holds 152,598 shares of PFE which is valued at $4,959,435. Pfizer makes up approx 2.33% of Lynch Associatesin’s portfolio.Atlas Browninc. boosted its stake in PFE in the latest quarter, The investment management firm added 553 additional shares and now holds a total of 29,630 shares of Pfizer which is valued at $962,975. Pfizer makes up approx 0.41% of Atlas Browninc.’s portfolio.Salem Capital Management Inc boosted its stake in PFE in the latest quarter, The investment management firm added 1,375 additional shares and now holds a total of 211,919 shares of Pfizer which is valued at $6,887,368. Pfizer makes up approx 3.80% of Salem Capital Management Inc’s portfolio.River Mercantile Asset Management Llp boosted its stake in PFE in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 109,206 shares of Pfizer which is valued at $3,482,579. Pfizer makes up approx 2.28% of River Mercantile Asset Management Llp’s portfolio.

On the company’s financial health, Pfizer reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.36. The company had revenue of $14047.00 million for the quarter, compared to analysts expectations of $13595.19 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Pfizer. Goldman Resumed Pfizer on Apr 18, 2016 to “Neutral”, Price Target of the shares are set at $35.JP Morgan Resumed Pfizer on Apr 7, 2016 to “Overweight”, Price Target of the shares are set at $38.Morgan Stanley Resumed Pfizer on Apr 7, 2016 to “Equal-Weight”, Price Target of the shares are set at $35.

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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