Meeder Asset Management Inc Lowers stake in Pfizer (PFE)

Pfizer (PFE) : Meeder Asset Management Inc reduced its stake in Pfizer by 28.62% during the most recent quarter end. The investment management company now holds a total of 275,747 shares of Pfizer which is valued at $9.2 Million after selling 110,577 shares in Pfizer , the firm said in a disclosure report filed with the SEC on May 12, 2016.Pfizer makes up approximately 0.87% of Meeder Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Homrich Berg reduced its stake in PFE by selling 538 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 79,685 shares of PFE which is valued at $2.6 Million. Pfizer makes up approx 0.26% of Homrich Berg’s portfolio.Archford Capital Strategies boosted its stake in PFE in the latest quarter, The investment management firm added 40,945 additional shares and now holds a total of 44,492 shares of Pfizer which is valued at $1.5 Million. Pfizer makes up approx 0.71% of Archford Capital Strategies’s portfolio.Northeast Financial Consultants Inc boosted its stake in PFE in the latest quarter, The investment management firm added 99,088 additional shares and now holds a total of 1,504,460 shares of Pfizer which is valued at $49.9 Million. Pfizer makes up approx 25.46% of Northeast Financial Consultants Inc’s portfolio.Northpointe Capital reduced its stake in PFE by selling 82,705 shares or 36.66% in the most recent quarter. The Hedge Fund company now holds 142,892 shares of PFE which is valued at $4.7 Million. Pfizer makes up approx 0.57% of Northpointe Capital’s portfolio.

Pfizer opened for trading at $33.48 and hit $33.9 on the upside on Friday, eventually ending the session at $33.74, with a gain of 1.08% or 0.36 points. The heightened volatility saw the trading volume jump to 3,45,71,121 shares. Company has a market cap of $204,628 M.

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. Berenberg Initiated Pfizer on May 12, 2016 to “Hold”, Price Target of the shares are set at $38.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.

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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