Merck & Co. (MRK) : Lenox Wealth Advisors reduced its stake in Merck & Co. by 0.6% during the most recent quarter end. The investment management company now holds a total of 3,790 shares of Merck & Co. which is valued at $212,771 after selling 23 shares in Merck & Co. , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Merck & Co. makes up approximately 0.06% of Lenox Wealth Advisors’s portfolio.
Merck & Co. closed down -0.31 points or -0.55% at $56.14 with 84,34,440 shares getting traded on Friday. Post opening the session at $56.53, the shares hit an intraday low of $55.88 and an intraday high of $56.55 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Investment Counsel reduced its stake in MRK by selling 1,025 shares or 2.34% in the most recent quarter. The Hedge Fund company now holds 42,781 shares of MRK which is valued at $2,401,725. Merck & Co. makes up approx 2.22% of Investment Counsel’s portfolio.Edge Wealth Management reduced its stake in MRK by selling 163,776 shares or 82.5% in the most recent quarter. The Hedge Fund company now holds 34,739 shares of MRK which is valued at $1,912,382. Merck & Co. makes up approx 0.87% of Edge Wealth Management’s portfolio.Pure Financial Advisors boosted its stake in MRK in the latest quarter, The investment management firm added 47 additional shares and now holds a total of 19,297 shares of Merck & Co. which is valued at $1,062,300. Merck & Co. makes up approx 0.38% of Pure Financial Advisors’s portfolio.Nadler Financial Group boosted its stake in MRK in the latest quarter, The investment management firm added 208 additional shares and now holds a total of 9,740 shares of Merck & Co. which is valued at $536,187. Merck & Co. makes up approx 0.24% of Nadler Financial Group’s portfolio.Curbstone Financial Management Corp boosted its stake in MRK in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 20,558 shares of Merck & Co. which is valued at $1,131,718. Merck & Co. makes up approx 0.38% of Curbstone Financial Management Corp’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 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.