As Pfizer INC (PFE) Shares Declined, M&T Bank Corp Increased Its Stake

April 17, 2018 - By Mary Markley

Pfizer Inc. (NYSE:PFE) Corporate LogoBig Money Sentiment increased to 1.06 in Q4 2017. It has change of 0.10, from 2017Q3’s 0.96. The ratio increased due to PFE positioning: 51 sold and 675 reduced. 134 funds amassed stakes and 632 increased stakes. Investors holded 4.06 billion in 2017Q3 but now own 4.07 billion shares or 0.28% more. Grisanti Capital Mngmt invested in 1.42% or 95,455 shs. Sunbelt owns 8,971 shs. Tctc Hldgs Limited Com reported 1.04 million shs. Moreover, Violich Capital Mgmt has 0.26% invested in Pfizer Inc. (NYSE:PFE) for 28,220 shs. Compton Cap Management Incorporated Ri holds 56,726 shs or 0.88% of its capital. Stanley reported 99,005 shs or 0.77% of all its holdings. 189,382 were accumulated by Markston Interest Limited Company. Meiji Yasuda Life Insur invested 0.91% in Pfizer Inc. (NYSE:PFE). British Columbia Inv Mngmt, British Columbia – Canada-based fund reported 3.08 million shs. Garde holds 29,702 shs. Peregrine Asset Advisers has invested 0.12% in Pfizer Inc. (NYSE:PFE). Budros Ruhlin Roe Incorporated invested 0.42% of its capital in Pfizer Inc. (NYSE:PFE). 28,259 were reported by Sequoia Fincl Advisors Llc. Sound Shore Management Inc Ct holds 3.22% or 5.84M shs. Cincinnati Finance invested 0.63% in Pfizer Inc. (NYSE:PFE).

PFE registered $12.99 million net activity with 0 buys and 12 sales since December 15, 2017. On Friday, December 15 JOHNSON RADY A sold $296,560 worth of Pfizer Inc. (NYSE:PFE) or 8,000 shs. $353,677 worth of stock was sold by LUND-JURGENSEN KIRSTEN on Saturday, February 24. On Monday, February 26 Shares for $1.24M were sold by SUSMAN SALLY. LANKLER DOUGLAS M sold 50,000 shs worth $1.84M. On Wednesday, February 28 a trade for 26,779 shs valued at $986,292 was made by HILL CHARLES H. CORNWELL W DON had sold 1,758 shs worth $64,679.

Based on the latest 2017Q4 regulatory filing with the SEC, M&T Bank Corp upped its stake in Pfizer Inc (PFE) by 8180981.63%. By buying 4.01 million shares M&T Bank Corp made the stock sank with 3.13%. At the end of 2017Q4, the institutional investor held 4.01 million shares of the health care company, valued at $145.20M, up from 49 at the end of the previous reported quarter. $216.89B is the market cap of Pfizer Inc. On during the last trading session the stock decreased $0.07 or 0.19%, reaching $36.46.Pfizer Inc. has volume of 1.61 million shares. Since April 17, 2017 PFE has risen 2.43% and is uptrending. PFE underperformed the S&P500 by 9.12%.

About $19.08B US Long portfolio M&T Bank Corp manages. It decreased its stake in Ctrip Com Intl Ltd (NASDAQ:CTRP) by 79,290 shares to 34,625 shares, valued at $1.53 million in 2017Q4, according to the filing. For a total of 33,752 shares it reduced its holding in Schwab Strategic Tr (SCHP) by 145,585 shares in the quarter, and has cut its stake in Baker Hughes A Ge Co.

Pfizer Inc. (NYSE:PFE) Ratings Coverage

In total 11 analysts cover Pfizer (NYSE:PFE). “Buy” rating has 5, “Sell” are 1, while 5 are “Hold”. 45% are bullish. 17 are the (NYSE:PFE)’s analyst reports since October 19, 2017 according to StockzIntelligence Inc. On Tuesday, November 21 the firm has “Buy” rating given by BMO Capital Markets. In Wednesday, January 31 report Credit Suisse maintained it with “Neutral” rating and $39 target. In Wednesday, January 31 report Morgan Stanley maintained the stock with “Overweight” rating. On Thursday, April 5 Barclays Capital downgraded the shares of PFE in report to “Equal-Weight” rating. On Thursday, October 26 the firm has “Hold” rating by Jefferies given. On Friday, April 13 Jefferies maintained Pfizer Inc. (NYSE:PFE) rating. Jefferies has “Hold” rating and $3800 target. On Thursday, October 19 the firm earned “Outperform” rating by BMO Capital Markets. On Friday, December 15 BMO Capital Markets maintained Pfizer Inc. (NYSE:PFE) rating. BMO Capital Markets has “Buy” rating and $39.0 target. In Tuesday, October 31 report Piper Jaffray maintained it with “Buy” rating and $54.0 target. On Wednesday, January 31 the firm has “Market Perform” rating given by Leerink Swann.

Pfizer Inc. (NYSE:PFE) Institutional Investors Chart

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