Merck & Co. (MRK) : Bsw Wealth Partners scooped up 2 additional shares in Merck & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 4,935 shares of Merck & Co. which is valued at $312,632.Merck & Co. makes up approximately 0.16% of Bsw Wealth Partners’s portfolio.
Other Hedge Funds, Including , Roble Belko Company Inc boosted its stake in MRK in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 1,802 shares of Merck & Co. which is valued at $114,157. Merck & Co. makes up approx 0.06% of Roble Belko Company Inc’s portfolio. Financial Advisory Group added MRK to its portfolio by purchasing 3,656 company shares during the most recent quarter which is valued at $233,472. Merck & Co. makes up approx 0.11% of Financial Advisory Group’s portfolio.Pinnacle Advisory Group reduced its stake in MRK by selling 693 shares or 11.65% in the most recent quarter. The Hedge Fund company now holds 5,253 shares of MRK which is valued at $335,457. Merck & Co. makes up approx 0.03% of Pinnacle Advisory Group’s portfolio. Mount Vernon Associates Inc Md added MRK to its portfolio by purchasing 3,570 company shares during the most recent quarter which is valued at $209,202. Merck & Co. makes up approx 0.42% of Mount Vernon Associates Inc Md’s portfolio.Investment Partners Ltd Oh Adv reduced its stake in MRK by selling 12,528 shares or 41.52% in the most recent quarter. The Hedge Fund company now holds 17,645 shares of MRK which is valued at $1,050,760. Merck & Co. makes up approx 1.03% of Investment Partners Ltd Oh Adv’s portfolio.
Merck & Co. opened for trading at $63.71 and hit $63.88 on the upside on Tuesday, eventually ending the session at $63.58, with a gain of 0.05% or 0.03 points. The heightened volatility saw the trading volume jump to 57,98,353 shares. Company has a market cap of $175,812 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.
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.