American Century Companies Inc Lowers stake in Pfizer (PFE)

Pfizer (PFE) : American Century Companies Inc reduced its stake in Pfizer by 2.47% during the most recent quarter end. The investment management company now holds a total of 28,874,625 shares of Pfizer which is valued at $969,609,908 after selling 730,511 shares in Pfizer , the firm said in a disclosure report filed with the SEC on May 2, 2016.Pfizer makes up approximately 1.13% of American Century Companies Inc’s portfolio.

Pfizer opened for trading at $33.38 and hit $33.59 on the upside on Friday, eventually ending the session at $33.58, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 2,31,70,974 shares. Company has a market cap of $207,663 M.

Other Hedge Funds, Including , Zevin Asset Management boosted its stake in PFE in the latest quarter, The investment management firm added 362 additional shares and now holds a total of 10,523 shares of Pfizer which is valued at $353,362. Pfizer makes up approx 0.10% of Zevin Asset Management’s portfolio.Private Capital Advisors reduced its stake in PFE by selling 550 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 182,389 shares of PFE which is valued at $5,965,944. Pfizer makes up approx 2.66% of Private Capital Advisors’s portfolio.Eagle Ridge Investment Management reduced its stake in PFE by selling 367 shares or 3.5% in the most recent quarter. The Hedge Fund company now holds 10,116 shares of PFE which is valued at $336,559. Pfizer makes up approx 0.08% of Eagle Ridge Investment Management’s portfolio.P.r. Herzig boosted its stake in PFE in the latest quarter, The investment management firm added 2,700 additional shares and now holds a total of 36,800 shares of Pfizer which is valued at $1,224,336. Pfizer makes up approx 2.62% of P.r. Herzig’s portfolio.

On the company’s financial health, Pfizer reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.55. The company had revenue of $13005.00 million for the quarter, compared to analysts expectations of $12008.32 million. The company’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on Pfizer. Company shares were Reiterated by UBS on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $36 .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.

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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