Jnba Financial Advisors Lowers stake in Merck & Co. (MRK)

Merck & Co. (MRK) : Jnba Financial Advisors reduced its stake in Merck & Co. by 22.31% during the most recent quarter end. The investment management company now holds a total of 2,921 shares of Merck & Co. which is valued at $165,738 after selling 839 shares in Merck & Co. , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Merck & Co. makes up approximately 0.06% of Jnba Financial Advisors’s portfolio.

Merck & Co. opened for trading at $56.06 and hit $56.62 on the upside on Wednesday, eventually ending the session at $56.31, with a gain of 0.48% or 0.27 points. The heightened volatility saw the trading volume jump to 69,41,426 shares. Company has a market cap of $156,275 M.

Other Hedge Funds, Including , Transamerica Financial Advisors boosted its stake in MRK in the latest quarter, The investment management firm added 4,149 additional shares and now holds a total of 54,691 shares of Merck & Co. which is valued at $3,103,167. Merck & Co. makes up approx 0.26% of Transamerica Financial Advisors’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in MRK in the latest quarter, The investment management firm added 10,151 additional shares and now holds a total of 486,061 shares of Merck & Co. which is valued at $27,287,465. Merck & Co. makes up approx 0.62% of Oregon Public Employees Retirement Fund’s portfolio.D. Scott Neal boosted its stake in MRK in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 523 shares of Merck & Co. which is valued at $29,361. Merck & Co. makes up approx 0.03% of D. Scott Neal’s portfolio.Lau Associates boosted its stake in MRK in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 57,652 shares of Merck & Co. which is valued at $3,236,583. Merck & Co. makes up approx 3.29% of Lau Associates’s portfolio.Triangle Securities Wealth Management boosted its stake in MRK in the latest quarter, The investment management firm added 465 additional shares and now holds a total of 29,480 shares of Merck & Co. which is valued at $1,622,874. Merck & Co. makes up approx 1.07% of Triangle Securities Wealth Management’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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