Merck & Co. (MRK) : Mitchell Sinkler Starrpa reduced its stake in Merck & Co. by 2.23% during the most recent quarter end. The investment management company now holds a total of 26,337 shares of Merck & Co. which is valued at $1,568,368 after selling 600 shares in Merck & Co. , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Merck & Co. makes up approximately 2.10% of Mitchell Sinkler Starrpa’s portfolio.
Other Hedge Funds, Including , Northstar Group boosted its stake in MRK in the latest quarter, The investment management firm added 61 additional shares and now holds a total of 12,508 shares of Merck & Co. which is valued at $744,851. Merck & Co. makes up approx 0.55% of Northstar Group’s portfolio.Gulf International Bank (uk) Ltd reduced its stake in MRK by selling 300 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 840,615 shares of MRK which is valued at $50,058,623. Merck & Co. makes up approx 0.82% of Gulf International Bank (uk) Ltd’s portfolio.Watch Point Trust Co reduced its stake in MRK by selling 225 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 20,335 shares of MRK which is valued at $1,206,882. Merck & Co. makes up approx 1.03% of Watch Point Trust Co’s portfolio.Edge Wealth Management reduced its stake in MRK by selling 2,889 shares or 8.32% in the most recent quarter. The Hedge Fund company now holds 31,850 shares of MRK which is valued at $1,890,298. Merck & Co. makes up approx 0.78% of Edge Wealth Management’s portfolio.
Merck & Co. closed down -0.02 points or -0.03% at $59.63 with 81,62,693 shares getting traded on Friday. Post opening the session at $59.8, the shares hit an intraday low of $59.25 and an intraday high of $59.93 and the price fluctuated in this range throughout the day.Shares ended Friday 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.