Conning buys $34,500,283 stake in Merck & Co. (MRK)

Merck & Co. (MRK) : Conning scooped up 5,452 additional shares in Merck & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 629,108 shares of Merck & Co. which is valued at $34,500,283.Merck & Co. makes up approximately 1.48% of Conning’s portfolio.

Merck & Co. opened for trading at $54.85 and hit $55.36 on the upside on Monday, eventually ending the session at $55.3, with a gain of 0.84% or 0.46 points. The heightened volatility saw the trading volume jump to 96,78,915 shares. Company has a market cap of $153,472 M.

Other Hedge Funds, Including , Hl Financial Services boosted its stake in MRK in the latest quarter, The investment management firm added 1,028 additional shares and now holds a total of 210,445 shares of Merck & Co. which is valued at $11,540,804. Merck & Co. makes up approx 0.28% of Hl Financial Services’s portfolio.First Manhattan Co boosted its stake in MRK in the latest quarter, The investment management firm added 37,835 additional shares and now holds a total of 257,064 shares of Merck & Co. which is valued at $14,585,811. Merck & Co. makes up approx 0.09% of First Manhattan Co’s portfolio.Lucas Capital Management reduced its stake in MRK by selling 200 shares or 2.41% in the most recent quarter. The Hedge Fund company now holds 8,112 shares of MRK which is valued at $460,275. Merck & Co. makes up approx 0.31% of Lucas Capital Management’s portfolio.Banced Corp reduced its stake in MRK by selling 346 shares or 5.96% in the most recent quarter. The Hedge Fund company now holds 5,457 shares of MRK which is valued at $306,356. Merck & Co. makes up approx 0.53% of Banced Corp’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in MRK in the latest quarter, The investment management firm added 76,320 additional shares and now holds a total of 637,539 shares of Merck & Co. which is valued at $35,791,439. Merck & Co. makes up approx 0.82% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’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. 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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