As Merck & Co (MRK) Share Price Declined, Holder Portland Global Advisors Has Trimmed Position by $421,568; White Pine Investment Co Has Increased Apache (APA) Position by $939,330

April 23, 2018 - By Kurt Siggers

Apache Corporation (NYSE:APA) Logo

Andy Redleaf increased its stake in Apache Corp (APA) by 37.59% based on its latest 2017Q4 regulatory filing with the SEC. White Pine Investment Co bought 22,365 shares as the company’s stock declined 12.65% with the market. The hedge fund run by Andy Redleaf held 81,858 shares of the oil & gas production company at the end of 2017Q4, valued at $3.46M, up from 59,493 at the end of the previous reported quarter. White Pine Investment Co who had been investing in Apache Corp for a number of months, seems to be bullish on the $15.82 billion market cap company. The stock decreased 0.16% or $0.065 during the last trading session, reaching $41.385. About 3.92M shares traded. Apache Corporation (NYSE:APA) has declined 24.62% since April 23, 2017 and is downtrending. It has underperformed by 36.17% the S&P500.

Portland Global Advisors Llc decreased its stake in Merck & Co (MRK) by 31.71% based on its latest 2017Q4 regulatory filing with the SEC. Portland Global Advisors Llc sold 7,528 shares as the company’s stock declined 4.63% with the market. The institutional investor held 16,215 shares of the health care company at the end of 2017Q4, valued at $912,000, down from 23,743 at the end of the previous reported quarter. Portland Global Advisors Llc who had been investing in Merck & Co for a number of months, seems to be less bullish one the $162.06 billion market cap company. The stock increased 2.30% or $1.355 during the last trading session, reaching $60.185. About 12.49 million shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 14.94% since April 23, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

Among 24 analysts covering Merck & Co. Inc. (NYSE:MRK), 20 have Buy rating, 0 Sell and 4 Hold. Therefore 83% are positive. Merck & Co. Inc. had 88 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was maintained by Argus Research on Tuesday, November 17 with “Buy”. The firm earned “Buy” rating on Tuesday, June 6 by BMO Capital Markets. The firm has “Buy” rating by Bank of America given on Thursday, October 13. Jefferies maintained the shares of MRK in report on Tuesday, March 15 with “Hold” rating. Bernstein maintained the stock with “Buy” rating in Wednesday, November 15 report. The firm has “Hold” rating given on Monday, October 30 by SunTrust. The stock of Merck & Co., Inc. (NYSE:MRK) has “Overweight” rating given on Thursday, April 5 by Barclays Capital. The stock of Merck & Co., Inc. (NYSE:MRK) has “Buy” rating given on Monday, March 12 by Leerink Swann. Jefferies maintained Merck & Co., Inc. (NYSE:MRK) on Thursday, July 14 with “Hold” rating. UBS maintained Merck & Co., Inc. (NYSE:MRK) rating on Monday, July 31. UBS has “Buy” rating and $72 target.

Investors sentiment decreased to 0.94 in Q4 2017. Its down 0.12, from 1.06 in 2017Q3. It worsened, as 94 investors sold MRK shares while 631 reduced holdings. 123 funds opened positions while 558 raised stakes. 1.93 billion shares or 1.34% less from 1.96 billion shares in 2017Q3 were reported. Cubic Asset Mngmt Limited Liability Corporation, a Massachusetts-based fund reported 13,107 shares. The Georgia-based Suntrust Banks has invested 0.52% in Merck & Co., Inc. (NYSE:MRK). Tru Of Toledo Na Oh has 1.08% invested in Merck & Co., Inc. (NYSE:MRK). Merriman Wealth Management Ltd holds 0.09% or 6,514 shares in its portfolio. Bessemer Group has invested 0.23% in Merck & Co., Inc. (NYSE:MRK). Roffman Miller Associates Pa holds 0.11% in Merck & Co., Inc. (NYSE:MRK) or 15,848 shares. Natixis invested in 753,130 shares. 5,242 were accumulated by Wall Street Access Asset Management Ltd Liability Co. Mufg Americas holds 0.76% in Merck & Co., Inc. (NYSE:MRK) or 450,832 shares. Moreover, Private Mngmt Group Incorporated has 0.13% invested in Merck & Co., Inc. (NYSE:MRK). Azimuth Cap Management Limited Liability Company stated it has 0.95% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Clearbridge Invs Limited Liability Company reported 13.15M shares. Northern Trust owns 35.61 million shares or 0.51% of their US portfolio. Arcadia Invest Mngmt Mi has 1,100 shares. Martin & Tn invested in 53,267 shares.

Analysts await Merck & Co., Inc. (NYSE:MRK) to report earnings on May, 1 before the open. They expect $0.99 earnings per share, up 12.50% or $0.11 from last year’s $0.88 per share. MRK’s profit will be $2.67 billion for 15.20 P/E if the $0.99 EPS becomes a reality. After $0.98 actual earnings per share reported by Merck & Co., Inc. for the previous quarter, Wall Street now forecasts 1.02% EPS growth.

Portland Global Advisors Llc, which manages about $321.25M and $269.69 million US Long portfolio, upped its stake in Ishares Msci Eafe Index (EFA) by 5,028 shares to 276,066 shares, valued at $19.41M in 2017Q4, according to the filing.

Among 29 analysts covering Apache Corporation (NYSE:APA), 7 have Buy rating, 6 Sell and 16 Hold. Therefore 24% are positive. Apache Corporation had 105 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Friday, February 23 with “Hold”. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, May 6. The rating was downgraded by Bank of America on Tuesday, January 5 to “Underperform”. The company was maintained on Friday, November 6 by RBC Capital Markets. The company was upgraded on Tuesday, February 27 by Mitsubishi UFJ. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, September 4. The company was maintained on Thursday, June 15 by RBC Capital Markets. The stock of Apache Corporation (NYSE:APA) has “Outperform” rating given on Monday, May 16 by Howard Weil. The stock of Apache Corporation (NYSE:APA) earned “Hold” rating by Stifel Nicolaus on Friday, September 1. The firm earned “Equal-Weight” rating on Thursday, September 1 by Barclays Capital.

Since December 13, 2017, it had 2 insider purchases, and 0 sales for $204,572 activity.

Merck & Co., Inc. (NYSE:MRK) Institutional Positions Chart

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