Merck & Co. (MRK) : Maple Securities Usa Inc has sold out all of its stake in Merck & Co. during the most recent quarter, according to the disclosure filed by the company on Apr 13, 2016 with the SEC. The investment management company has sold out 37,105 shares of Merck & Co. which is valued at $2,083,075.
Merck & Co. opened for trading at $56.11 and hit $56.83 on the upside on Monday, eventually ending the session at $56.51, with a gain of 0.66% or 0.37 points. The heightened volatility saw the trading volume jump to 77,94,197 shares. Company has a market cap of $156,830 M.
Other Hedge Funds, Including , Independent Portfolio Consultants boosted its stake in MRK in the latest quarter, The investment management firm added 2,430 additional shares and now holds a total of 35,506 shares of Merck & Co. which is valued at $1,993,307. Merck & Co. makes up approx 0.55% of Independent Portfolio Consultants’s portfolio.Blue Bell Private Wealth Management boosted its stake in MRK in the latest quarter, The investment management firm added 1,786 additional shares and now holds a total of 3,971 shares of Merck & Co. which is valued at $222,932. Merck & Co. makes up approx 0.15% of Blue Bell Private Wealth Management’s portfolio.Monroe Bank Trustmi reduced its stake in MRK by selling 987 shares or 33.89% in the most recent quarter. The Hedge Fund company now holds 1,925 shares of MRK which is valued at $108,070. Merck & Co. makes up approx 0.04% of Monroe Bank Trustmi’s portfolio.Rathbone Brothers Plc boosted its stake in MRK in the latest quarter, The investment management firm added 245 additional shares and now holds a total of 55,564 shares of Merck & Co. which is valued at $3,058,798. Merck & Co. makes up approx 0.19% of Rathbone Brothers Plc’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.