Merck & Co. (MRK) : Fort Pitt Capital Group scooped up 309 additional shares in Merck & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 21,165 shares of Merck & Co. which is valued at $1,220,162.Merck & Co. makes up approximately 0.14% of Fort Pitt Capital Group’s portfolio.
Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in MRK by selling 25,833 shares or 1.66% in the most recent quarter. The Hedge Fund company now holds 1,530,641 shares of MRK which is valued at $88,241,454. Merck & Co. makes up approx 0.32% of Aberdeen Asset Management Plcuk’s portfolio.Boston Advisors boosted its stake in MRK in the latest quarter, The investment management firm added 313,068 additional shares and now holds a total of 374,199 shares of Merck & Co. which is valued at $21,928,061. Merck & Co. makes up approx 0.53% of Boston Advisors’s portfolio.Catawba Capital Management Va boosted its stake in MRK in the latest quarter, The investment management firm added 1,253 additional shares and now holds a total of 57,825 shares of Merck & Co. which is valued at $3,399,532. Merck & Co. makes up approx 0.80% of Catawba Capital Management Va’s portfolio.Regentatlantic Capital reduced its stake in MRK by selling 7,785 shares or 6.11% in the most recent quarter. The Hedge Fund company now holds 119,567 shares of MRK which is valued at $7,029,344. Merck & Co. makes up approx 0.66% of Regentatlantic Capital’s portfolio.Leavell Investment Management boosted its stake in MRK in the latest quarter, The investment management firm added 2,415 additional shares and now holds a total of 77,270 shares of Merck & Co. which is valued at $4,542,703. Merck & Co. makes up approx 0.66% of Leavell Investment Management’s portfolio.
Merck & Co. opened for trading at $57.74 and hit $58.23 on the upside on Thursday, eventually ending the session at $57.84, with a gain of 0.33% or 0.19 points. The heightened volatility saw the trading volume jump to 55,41,434 shares. Company has a market cap of $160,103 M.
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.
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.