Orca Investment Management Lowers stake in Pfizer (PFE)

Pfizer (PFE) : Orca Investment Management reduced its stake in Pfizer by 1.23% during the most recent quarter end. The investment management company now holds a total of 113,801 shares of Pfizer which is valued at $3,722,431 after selling 1,412 shares in Pfizer , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Pfizer makes up approximately 4.11% of Orca Investment Management’s portfolio.

Pfizer opened for trading at $32.56 and hit $33 on the upside on Monday, eventually ending the session at $32.8, with a gain of 0.28% or 0.09 points. The heightened volatility saw the trading volume jump to 3,80,66,813 shares. Company has a market cap of $202,840 M.

Other Hedge Funds, Including , Hills Bank Trust Co boosted its stake in PFE in the latest quarter, The investment management firm added 9,120 additional shares and now holds a total of 19,485 shares of Pfizer which is valued at $637,354. Pfizer makes up approx 0.23% of Hills Bank Trust Co’s portfolio.Weatherly Asset Management L. P. reduced its stake in PFE by selling 406 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 39,952 shares of PFE which is valued at $1,329,203. Pfizer makes up approx 0.45% of Weatherly Asset Management L. P.’s portfolio.Asset Advisors Corp boosted its stake in PFE in the latest quarter, The investment management firm added 1,560 additional shares and now holds a total of 91,507 shares of Pfizer which is valued at $3,044,438. Pfizer makes up approx 0.65% of Asset Advisors Corp’s portfolio.Deane Retirement Strategies reduced its stake in PFE by selling 1,390 shares or 2.94% in the most recent quarter. The Hedge Fund company now holds 45,956 shares of PFE which is valued at $1,528,956. Pfizer makes up approx 1.44% of Deane Retirement Strategies’s portfolio.M. Kraus Co boosted its stake in PFE in the latest quarter, The investment management firm added 566 additional shares and now holds a total of 25,134 shares of Pfizer which is valued at $816,855. Pfizer makes up approx 0.56% of M. Kraus Co’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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