Jefferies Group Research Analysts Increase Earnings Estimates for Merck & Co., Inc. (MRK)

The hedge fund run by Bob Peck held 1.70 million shares of the auto manufacturing company at the end of 2017Q3, valued at $251.42 million, down from 2.46 million at the end of the previous reported quarter. BMO Capital Markets set a $70.00 target price on Merck & Co., Inc. and gave the company a "buy" rating in a report on Wednesday, October 11th. The stock decreased 0.40% or $0.1472 during the last trading session, reaching $37.0028. About 444,153 shares traded or 19.54% up from the average. (NYSE:MRK) by 0.76% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. It has outperformed by 41.94% the S&P500.

Investors sentiment decreased to 1.06 in 2017 Q3. The company has a current ratio of 1.43, a quick ratio of 1.16 and a debt-to-equity ratio of 0.57. It dropped, as 46 investors sold MRK shares while 619 reduced holdings.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Honeywell International Inc. now owns 633,700 shares of the company's stock worth $40,576,000 after purchasing an additional 100,500 shares during the last quarter. The firm's revenue was down 2.0% compared to the same quarter last year. analysts predict that Merck & Co., Inc. will post 3.95 earnings per share for the current fiscal year. Aspiriant Ltd Liability Corporation holds 0.11% or 20,341 shares in its portfolio. State Of Tennessee Treasury Department stated it has 49,371 shares. (NYSE:MRK) for 7,502 shares. Needelman Asset has invested 2.11% in Merck & Co., Inc. Wendell David Assocs has 0.57% invested in Merck & Co., Inc. (NYSE:MRK). Ironwood Invest Management Llc owns 5,459 shares for 0.25% of their portfolio. First In accumulated 12,363 shares or 0.52% of the stock. Ameritas Investment Partners holds 0.44% or 146,253 shares. Jefferies Group also issued estimates for Merck & Co., Inc.'s FY2021 earnings at $4.73 EPS. Professional Advisory Services Inc invested 0.1% in Merck & Co., Inc. The Woodstock Corp holds 126,372 shares with $8.09M value, down from 131,517 last quarter. Hanson McClain Inc. raised its stake in shares of Merck & Co., 65.0% in the second quarter. It also reduced its holding in Powershares Etf Tr Ii (VRP) by 80,340 shares in the quarter, leaving it with 605,707 shares, and cut its stake in Procter And Gamble Co (NYSE:PG).

Merck & Co., Inc.'s dividend payout ratio is presently 186.41%. Inc. had 73 analyst reports since August 13, 2015 according to SRatingsIntel. Therefore 36% are positive. The firm has "Neutral" rating by Credit Suisse given on Monday, May 9. The firm has "Underweight" rating given on Tuesday, June 28 by Piper Jaffray. Jefferies Group now has a "Hold" rating and a $55.00 target price on the stock. Citadel Ltd Liability Co holds 0.03% or 1.48 million shares in its portfolio. Zacks downgraded ABM Industries Incorporated (NYSE:ABM) on Monday, August 31 to "Buy" rating.

Merck & Co., Inc. declared that its Board of Directors has initiated a share repurchase program on Tuesday, November 28th that allows the company to buyback $10.00 billion in shares. Perennial Advisors LLC boosted its position in shares of Merck & Co., 10.7% during the 2nd quarter. Jefferies maintained it with "Sell" rating and $51 target in Thursday, May 25 report. Pinnacle Holding Ltd Liability holds 18,207 shares or 0.43% of its portfolio. (NYSE:MRK) earned "Buy" rating by UBS on Monday, October 30. Goldman Sachs Group set a €105.00 ($125.00) price target on shares of Merck KGaA and gave the stock a "neutral" rating in a research note on Tuesday, September 19th. Bush Odonnell Investment Advisors reported 0.21% of its portfolio in AT&T Inc. (NYSE:MRK) rating on Monday, May 9. (NYSE:MRK) earned "Buy" rating by Argus Research on Tuesday, November 17. Investors and analysts will be closely monitoring company shares as we approach the next earnings report date. The company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.03 by $0.08. MRK's profit will be $2.56 billion for 16.17 P/E if the $0.94 EPS becomes a reality. Raymond James Tru Na has 1.46% invested in Merck & Co., Inc.

Martin & Company Inc, which manages about $1.98 billion and $307.19 million US Long portfolio, upped its stake in Flushing Financial Corp. NewSquare Capital LLC boosted its holdings in shares of Merck & Co., 728.3% during the 3rd quarter. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. Therefore 69% are positive. AT&T Inc. had 68 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Friday, October 20 with "Outperform". As per Thursday, October 12, the company rating was maintained by BMO Capital Markets.

More notable recent Merck & Co., Inc. The stock of WABCO Holdings Inc. (NYSE:MTOR) has "Buy" rating given on Wednesday, November 15 by RBC Capital Markets. (NYSE:MTOR) was sold by Villavarayan Chris on Wednesday, December 13.

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