Merck & Co. (MRK) : Boston Common Asset Management reduced its stake in Merck & Co. by 2.72% during the most recent quarter end. The investment management company now holds a total of 159,415 shares of Merck & Co. which is valued at $9,372,008 after selling 4,455 shares in Merck & Co. , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Merck & Co. makes up approximately 1.35% of Boston Common Asset Management’s portfolio.
Other Hedge Funds, Including , Community Bank N.a. boosted its stake in MRK in the latest quarter, The investment management firm added 585 additional shares and now holds a total of 98,504 shares of Merck & Co. which is valued at $5,813,706. Merck & Co. makes up approx 1.34% of Community Bank N.a.’s portfolio.Davenport Co boosted its stake in MRK in the latest quarter, The investment management firm added 9,414 additional shares and now holds a total of 1,651,820 shares of Merck & Co. which is valued at $98,365,881. Merck & Co. makes up approx 1.46% of Davenport Co’s portfolio.West Oak Capital boosted its stake in MRK in the latest quarter, The investment management firm added 773 additional shares and now holds a total of 9,723 shares of Merck & Co. which is valued at $577,060. Merck & Co. makes up approx 0.41% of West Oak Capital’s portfolio. Pensionfund Dsm Netherlands added MRK to its portfolio by purchasing 145,500 company shares during the most recent quarter which is valued at $8,439,000. Merck & Co. makes up approx 1.13% of Pensionfund Dsm Netherlands’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.