Ajo Lp Lowers stake in Pfizer (PFE)

Pfizer (PFE) : Ajo Lp reduced its stake in Pfizer by 2.23% during the most recent quarter end. The investment management company now holds a total of 16,818,935 shares of Pfizer which is valued at $587,485,400 after selling 383,758 shares in Pfizer , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Pfizer makes up approximately 2.51% of Ajo Lp’s portfolio.

Other Hedge Funds, Including , Samsung Asset Management (new York) reduced its stake in PFE by selling 72,000 shares or 42.67% in the most recent quarter. The Hedge Fund company now holds 96,720 shares of PFE which is valued at $3,378,430. Pfizer makes up approx 2.47% of Samsung Asset Management (new York)’s portfolio. Polaris Greystone Financial Group sold out all of its stake in PFE during the most recent quarter. The investment firm sold 9,295 shares of PFE which is valued $328,021.Patriot Wealth Management boosted its stake in PFE in the latest quarter, The investment management firm added 5,770 additional shares and now holds a total of 219,708 shares of Pfizer which is valued at $8,096,240. Pfizer makes up approx 1.55% of Patriot Wealth Management’s portfolio. Mizuho Securities Usa added PFE to its portfolio by purchasing 5,985 company shares during the most recent quarter which is valued at $219,889. Pfizer makes up approx 0.04% of Mizuho Securities Usa’s portfolio.

Pfizer opened for trading at $34.75 and hit $35.15 on the upside on Wednesday, eventually ending the session at $35.14, with a gain of 1.01% or 0.35 points. The heightened volatility saw the trading volume jump to 1,70,40,893 shares. Company has a market cap of $213,147 M.

On the company’s financial health, Pfizer reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.62. The company had revenue of $13147.00 million for the quarter, compared to analysts expectations of $13013.24 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

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.

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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