Merck & Co. (MRK) : Spirit Of America Management Corpny reduced its stake in Merck & Co. by 15.48% during the most recent quarter end. The investment management company now holds a total of 13,100 shares of Merck & Co. which is valued at $814,034 after selling 2,400 shares in Merck & Co. , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Merck & Co. makes up approximately 0.11% of Spirit Of America Management Corpny’s portfolio.
Other Hedge Funds, Including , Duff Phelps Investment Management Co reduced its stake in MRK by selling 760 shares or 2.11% in the most recent quarter. The Hedge Fund company now holds 35,273 shares of MRK which is valued at $2,191,864. Merck & Co. makes up approx 0.03% of Duff Phelps Investment Management Co’s portfolio.Carl Domino Inc reduced its stake in MRK by selling 1,075 shares or 3.94% in the most recent quarter. The Hedge Fund company now holds 26,207 shares of MRK which is valued at $1,623,000. Merck & Co. makes up approx 1.55% of Carl Domino Inc’s portfolio. Stokes Hubbell Capital Management added MRK to its portfolio by purchasing 3,339 company shares during the most recent quarter which is valued at $209,589. Merck & Co. makes up approx 0.09% of Stokes Hubbell Capital Management’s portfolio.Advisory Services Network boosted its stake in MRK in the latest quarter, The investment management firm added 21,328 additional shares and now holds a total of 40,322 shares of Merck & Co. which is valued at $2,531,012. Merck & Co. makes up approx 0.48% of Advisory Services Network’s portfolio.Beacon Financial Group reduced its stake in MRK by selling 536 shares or 5.92% in the most recent quarter. The Hedge Fund company now holds 8,515 shares of MRK which is valued at $534,742. Merck & Co. makes up approx 0.11% of Beacon Financial Group’s portfolio.
Merck & Co. closed down -0.37 points or -0.59% at $62.14 with 1,22,04,208 shares getting traded on Friday. Post opening the session at $62.72, the shares hit an intraday low of $62.13 and an intraday high of $62.86 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.
Many Wall Street Analysts have commented on Merck & Co.. Merck & Co. was Upgraded by BofA/Merrill to ” Buy” on Oct 13, 2016. 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.
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.