Orca Investment Management Lowers stake in Pfizer (PFE)

Pfizer (PFE) : Orca Investment Management reduced its stake in Pfizer by 0.55% during the most recent quarter end. The investment management company now holds a total of 113,173 shares of Pfizer which is valued at $4,170,425 after selling 628 shares in Pfizer , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Pfizer makes up approximately 3.91% of Orca Investment Management’s portfolio.

Other Hedge Funds, Including , Rkl Wealth Management boosted its stake in PFE in the latest quarter, The investment management firm added 8,430 additional shares and now holds a total of 38,204 shares of Pfizer which is valued at $1,407,817. Pfizer makes up approx 0.70% of Rkl Wealth Management’s portfolio.Dearborn Partners boosted its stake in PFE in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 26,316 shares of Pfizer which is valued at $965,271. Pfizer makes up approx 0.08% of Dearborn Partners’s portfolio.North Star Investment Management Corp. reduced its stake in PFE by selling 9,612 shares or 6.04% in the most recent quarter. The Hedge Fund company now holds 149,546 shares of PFE which is valued at $5,430,015. Pfizer makes up approx 0.97% of North Star Investment Management Corp.’s portfolio. Svenska Handelsbanken Ab (publ) added PFE to its portfolio by purchasing 1,400,732 company shares during the most recent quarter which is valued at $50,860,579. Pfizer makes up approx 3.04% of Svenska Handelsbanken Ab (publ)’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in PFE in the latest quarter, The investment management firm added 97,313 additional shares and now holds a total of 1,569,888 shares of Pfizer which is valued at $56,704,355. Pfizer makes up approx 1.18% of Exxonmobil Investment Management Inc Tx’s portfolio.

Pfizer opened for trading at $36.68 and hit $36.95 on the upside on Friday, eventually ending the session at $36.89, with a gain of 0.60% or 0.22 points. The heightened volatility saw the trading volume jump to 2,15,13,828 shares. Company has a market cap of $223,732 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.

Investors should note that on Jun 23, 2016, Pfizer announced a cash dividend of $0.3000. The company’s management has announced Aug 3, 2016 as the ex-dividend date and fixed the record date on Aug 5, 2016. The payable date has been fixed on Sep 1, 2016.

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.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 .

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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