Merck & Co. (MRK) : Doheny Asset Management Ca reduced its stake in Merck & Co. by 1.33% during the most recent quarter end. The investment management company now holds a total of 59,455 shares of Merck & Co. which is valued at $3,766,474 after selling 800 shares in Merck & Co. , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Merck & Co. makes up approximately 1.83% of Doheny Asset Management Ca’s portfolio.
Other Hedge Funds, Including , Meridian Investment Counsel boosted its stake in MRK in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 6,049 shares of Merck & Co. which is valued at $383,204. Merck & Co. makes up approx 0.25% of Meridian Investment Counsel’s portfolio.Fishman Jay A Ltdmi reduced its stake in MRK by selling 3,250 shares or 3.94% in the most recent quarter. The Hedge Fund company now holds 79,329 shares of MRK which is valued at $4,986,621. Merck & Co. makes up approx 1.17% of Fishman Jay A Ltdmi’s portfolio.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in MRK in the latest quarter, The investment management firm added 17,600 additional shares and now holds a total of 283,243 shares of Merck & Co. which is valued at $16,717,002. Merck & Co. makes up approx 0.72% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.Kelman-lazarov boosted its stake in MRK in the latest quarter, The investment management firm added 408 additional shares and now holds a total of 7,169 shares of Merck & Co. which is valued at $423,114. Merck & Co. makes up approx 0.24% of Kelman-lazarov’s portfolio.Firstmerit Bank N A Trustee reduced its stake in MRK by selling 6,990 shares or 2.93% in the most recent quarter. The Hedge Fund company now holds 231,280 shares of MRK which is valued at $13,772,724. Merck & Co. makes up approx 1.09% of Firstmerit Bank N A Trustee’s portfolio.
Merck & Co. closed down -0.27 points or -0.42% at $63.36 with 84,80,039 shares getting traded on Friday. Post opening the session at $63.18, the shares hit an intraday low of $62.87 and an intraday high of $63.44 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 $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.91. The company had revenue of $9844.00 million for the quarter, compared to analysts expectations of $9782.80 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.
Investors should note that on Jul 26, 2016, Merck & Co. announced a cash dividend of $0.4600. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 7, 2016.
Many Wall Street Analysts have commented on Merck & Co.. Credit Suisse Upgraded Merck & Co. on Aug 8, 2016 to ” Outperform”, Price Target of the shares are set at $73.Company shares were Reiterated by Deutsche Bank on Aug 8, 2016 to “Hold”, Firm has raised the Price Target to $ 59 from a previous price target of $58 .
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.