Merck & Co. (MRK) : Berkshire Asset Managementpa reduced its stake in Merck & Co. by 5.96% during the most recent quarter end. The investment management company now holds a total of 153,861 shares of Merck & Co. which is valued at $9,045,488 after selling 9,751 shares in Merck & Co. , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Merck & Co. makes up approximately 1.34% of Berkshire Asset Managementpa’s portfolio.
Other Hedge Funds, Including , Private Trust Co Na boosted its stake in MRK in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 62,568 shares of Merck & Co. which is valued at $3,678,373. Merck & Co. makes up approx 0.93% of Private Trust Co Na’s portfolio.Lodestar Investment Counselil boosted its stake in MRK in the latest quarter, The investment management firm added 4,835 additional shares and now holds a total of 147,944 shares of Merck & Co. which is valued at $8,731,655. Merck & Co. makes up approx 1.20% of Lodestar Investment Counselil’s portfolio.North Star Investment Management Corp. reduced its stake in MRK by selling 438 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 64,289 shares of MRK which is valued at $3,828,410. Merck & Co. makes up approx 0.69% of North Star Investment Management Corp.’s portfolio.Gulf International Bank (uk) Ltd reduced its stake in MRK by selling 300 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 840,615 shares of MRK which is valued at $50,058,623. Merck & Co. makes up approx 0.82% of Gulf International Bank (uk) Ltd’s portfolio.Boltwood Capital Management boosted its stake in MRK in the latest quarter, The investment management firm added 415 additional shares and now holds a total of 20,365 shares of Merck & Co. which is valued at $1,181,170. Merck & Co. makes up approx 0.99% of Boltwood Capital Management’s portfolio.
Merck & Co. opened for trading at $59 and hit $59.119 on the upside on Wednesday, eventually ending the session at $58.79, with a gain of 0.22% or 0.13 points. The heightened volatility saw the trading volume jump to 64,76,048 shares. Company has a market cap of $162,732 M.
On the company’s financial health, Merck & Co. reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.85. The company had revenue of $9312.00 million for the quarter, compared to analysts expectations of $9445.10 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.85 EPS.
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 Companys 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 Companys animal health products are sold to veterinarians distributors and animal producers.