Callahan Advisors buys $8,565,183 stake in Pfizer (PFE)

Pfizer (PFE) : Callahan Advisors scooped up 15,344 additional shares in Pfizer during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 262,253 shares of Pfizer which is valued at $8,565,183.Pfizer makes up approximately 2.18% of Callahan Advisors’s portfolio.

Other Hedge Funds, Including , Peddock Capital Advisors boosted its stake in PFE in the latest quarter, The investment management firm added 140 additional shares and now holds a total of 42,359 shares of Pfizer which is valued at $1,383,445. Pfizer makes up approx 0.92% of Peddock Capital Advisors’s portfolio.Salem Capital Management Inc boosted its stake in PFE in the latest quarter, The investment management firm added 480 additional shares and now holds a total of 204,949 shares of Pfizer which is valued at $6,888,336. Pfizer makes up approx 3.80% of Salem Capital Management Inc’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in PFE by selling 2,580 shares or 5.65% in the most recent quarter. The Hedge Fund company now holds 43,087 shares of PFE which is valued at $1,460,649. Pfizer makes up approx 0.82% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.First American Trust Fsb boosted its stake in PFE in the latest quarter, The investment management firm added 1,331 additional shares and now holds a total of 189,440 shares of Pfizer which is valued at $6,422,016. Pfizer makes up approx 2.02% of First American Trust Fsb’s portfolio.Washington Trust Bank boosted its stake in PFE in the latest quarter, The investment management firm added 4,292 additional shares and now holds a total of 50,891 shares of Pfizer which is valued at $1,725,205. Pfizer makes up approx 0.41% of Washington Trust Bank’s portfolio.

Pfizer closed down -0.1 points or -0.31% at $32.66 with 1,55,69,339 shares getting traded on Friday. Post opening the session at $32.73, the shares hit an intraday low of $32.66 and an intraday high of $32.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

Investors should note that on Sep 22, 2016, Pfizer announced a cash dividend of $0.3000. The company’s management has announced Nov 9, 2016 as the ex-dividend date and fixed the record date on Nov 11, 2016. The payable date has been fixed on Dec 1, 2016.

Many Wall Street Analysts have commented on Pfizer. Pfizer was Downgraded by Jefferies to ” Hold” on Oct 13, 2016.

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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