Merck & Co. (MRK) : Lgt Capital Partners Ltd. reduced its stake in Merck & Co. by 38.89% during the most recent quarter end. The investment management company now holds a total of 317,320 shares of Merck & Co. which is valued at $18,896,406 after selling 201,980 shares in Merck & Co. , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.Merck & Co. makes up approximately 3.20% of Lgt Capital Partners Ltd.’s portfolio.
Other Hedge Funds, Including , Integrated Investment Consultants boosted its stake in MRK in the latest quarter, The investment management firm added 223 additional shares and now holds a total of 31,609 shares of Merck & Co. which is valued at $1,833,322. Merck & Co. makes up approx 0.96% of Integrated Investment Consultants’s portfolio.Stock Yards Bank Trust Co boosted its stake in MRK in the latest quarter, The investment management firm added 3,180 additional shares and now holds a total of 56,405 shares of Merck & Co. which is valued at $3,271,490. Merck & Co. makes up approx 0.44% of Stock Yards Bank Trust Co’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in MRK in the latest quarter, The investment management firm added 2,062 additional shares and now holds a total of 117,790 shares of Merck & Co. which is valued at $6,831,820. Merck & Co. makes up approx 1.32% of First Financial Bank N.a. – Trust Division’s portfolio.
Merck & Co. closed down -0.05 points or -0.08% at $59.55 with 67,93,185 shares getting traded on Wednesday. Post opening the session at $59.78, the shares hit an intraday low of $59.4801 and an intraday high of $59.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.