Centurylink Investment Management Co Lowers stake in Merck & Co. (MRK)

Merck & Co. (MRK) : Centurylink Investment Management Co reduced its stake in Merck & Co. by 5.31% during the most recent quarter end. The investment management company now holds a total of 64,612 shares of Merck & Co. which is valued at $3,666,085 after selling 3,625 shares in Merck & Co. , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Merck & Co. makes up approximately 1.31% of Centurylink Investment Management Co’s portfolio.

Merck & Co. opened for trading at $56.69 and hit $57.03 on the upside on Friday, eventually ending the session at $56.74, with a gain of 0.25% or 0.14 points. The heightened volatility saw the trading volume jump to 70,93,479 shares. Company has a market cap of $157,468 M.

Other Hedge Funds, Including , Migdal Insurance Financial Holdings Ltd. reduced its stake in MRK by selling 704 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 366,366 shares of MRK which is valued at $20,787,607. Merck & Co. makes up approx 0.63% of Migdal Insurance Financial Holdings Ltd.’s portfolio.Sanders Capital boosted its stake in MRK in the latest quarter, The investment management firm added 1,365,146 additional shares and now holds a total of 10,958,246 shares of Merck & Co. which is valued at $621,770,878. Merck & Co. makes up approx 5.13% of Sanders Capital’s portfolio.Sentinel Trust Co Lba boosted its stake in MRK in the latest quarter, The investment management firm added 46,392 additional shares and now holds a total of 57,853 shares of Merck & Co. which is valued at $3,247,867. Merck & Co. makes up approx 0.48% of Sentinel Trust Co Lba’s portfolio.Independent Portfolio Consultants boosted its stake in MRK in the latest quarter, The investment management firm added 2,430 additional shares and now holds a total of 35,506 shares of Merck & Co. which is valued at $1,993,307. Merck & Co. makes up approx 0.55% of Independent Portfolio Consultants’s portfolio.Waverton Investment Management Ltd boosted its stake in MRK in the latest quarter, The investment management firm added 1,020 additional shares and now holds a total of 17,260 shares of Merck & Co. which is valued at $950,163. Merck & Co. makes up approx 0.07% of Waverton Investment Management Ltd’s portfolio.

On the company’s financial health, Merck & Co. reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $0.91. The company had revenue of $10215.00 million for the quarter, compared to analysts expectations of $10355.20 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.87 EPS.

Many Wall Street Analysts have commented on Merck & Co.. Societe Generale Initiated Merck & Co. on Apr 6, 2016 to “Buy”, Price Target of the shares are set at $80.Merck & Co. was Downgraded by BofA/Merrill to ” Neutral” on Jan 27, 2016.

Merck & Co. Inc. is a global health care company. The Company offers health solutions through its prescription medicines vaccines biologic therapies and animal health products which it markets directly and through its joint ventures. The Company’s Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures. Human health pharmaceutical products consist of therapeutic and preventive agents generally sold by prescription for the treatment of human disorders. The Company sells these human health pharmaceutical products primarily to drug wholesalers and retailers hospitals government agencies and managed health care providers. The Animal Health segment discovers develops manufactures and markets animal health products including vaccines. The Company’s animal health products are sold to veterinarians distributors and animal producers.

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