Oakwood Capital Managementca Lowers stake in Merck & Co. (MRK)

Merck & Co. (MRK) : Oakwood Capital Managementca reduced its stake in Merck & Co. by 0.82% during the most recent quarter end. The investment management company now holds a total of 101,151 shares of Merck & Co. which is valued at $6,264,281 after selling 832 shares in Merck & Co. , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Merck & Co. makes up approximately 1.63% of Oakwood Capital Managementca’s portfolio.

Other Hedge Funds, Including , Centurylink Investment Management Co reduced its stake in MRK by selling 1,424 shares or 2.2% in the most recent quarter. The Hedge Fund company now holds 63,188 shares of MRK which is valued at $3,913,233. Merck & Co. makes up approx 1.35% of Centurylink Investment Management Co’s portfolio.Gofen Glossberg Il reduced its stake in MRK by selling 1,130 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 358,027 shares of MRK which is valued at $22,877,925. Merck & Co. makes up approx 0.95% of Gofen Glossberg Il’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in MRK by selling 213,856 shares or 42.93% in the most recent quarter. The Hedge Fund company now holds 284,270 shares of MRK which is valued at $18,164,853. Merck & Co. makes up approx 0.39% of Oregon Public Employees Retirement Fund’s portfolio.Stillwater Investment Management reduced its stake in MRK by selling 82 shares or 1.46% in the most recent quarter. The Hedge Fund company now holds 5,521 shares of MRK which is valued at $346,719. Merck & Co. makes up approx 0.19% of Stillwater Investment Management’s portfolio.Kempner Capital Management reduced its stake in MRK by selling 23,283 shares or 52.01% in the most recent quarter. The Hedge Fund company now holds 21,485 shares of MRK which is valued at $1,349,258. Merck & Co. makes up approx 0.93% of Kempner Capital Management’s portfolio.

Merck & Co. closed down -1.97 points or -3.08% at $61.93 with 1,39,55,380 shares getting traded on Tuesday. Post opening the session at $63.53, the shares hit an intraday low of $61.75 and an intraday high of $63.55 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Many Wall Street Analysts have commented on Merck & Co.. Company shares were Reiterated by Barclays on Sep 9, 2016 to “Overweight”, Firm has raised the Price Target to $ 72 from a previous price target of $66 .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 Company’s 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 Company’s animal health products are sold to veterinarians distributors and animal producers.

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