P Schoenfeld Asset Management LP Has Lowered Its Position in Dish Network (Put) (DISH) by $70.20 Million; Merck & Co (MRK) Holder Portland Global Advisors Has Cut Holding

April 20, 2018 - By Henry Gaston

Merck & Co., Inc. (NYSE:MRK) Logo

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 $158.33B market cap company. The stock increased 0.27% or $0.16 during the last trading session, reaching $58.8. About 6.50M shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 14.94% since April 20, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

P Schoenfeld Asset Management Lp decreased its stake in Dish Network Corp (Put) (DISH) by 65.42% based on its latest 2017Q4 regulatory filing with the SEC. P Schoenfeld Asset Management Lp sold 1.49 million shares as the company’s stock declined 23.24% with the market. The hedge fund held 789,500 shares of the television services company at the end of 2017Q4, valued at $37.70 million, down from 2.28 million at the end of the previous reported quarter. P Schoenfeld Asset Management Lp who had been investing in Dish Network Corp (Put) for a number of months, seems to be less bullish one the $17.37 billion market cap company. The stock decreased 3.35% or $1.29 during the last trading session, reaching $37.23. About 1.31 million shares traded. DISH Network Corporation (NASDAQ:DISH) has declined 40.08% since April 20, 2017 and is downtrending. It has underperformed by 51.63% the S&P500.

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. First Heartland Consultants accumulated 7,645 shares. Polar Capital Ltd Liability Partnership reported 304,266 shares stake. Moreover, Tocqueville Asset Management Lp has 0.88% invested in Merck & Co., Inc. (NYSE:MRK) for 1.37M shares. Lynch & Assocs In has 1.95% invested in Merck & Co., Inc. (NYSE:MRK) for 92,638 shares. Goelzer Invest Mngmt stated it has 159,700 shares. Aldebaran Financial reported 0.49% stake. Jones Fincl Lllp holds 0.02% of its portfolio in Merck & Co., Inc. (NYSE:MRK) for 173,058 shares. Fruth Invest accumulated 10,272 shares or 0.25% of the stock. 18,015 are held by Landscape Cap Mngmt Limited Liability Corporation. New York-based Pinnacle Limited has invested 0.58% in Merck & Co., Inc. (NYSE:MRK). Altavista Wealth Mgmt holds 0.43% of its portfolio in Merck & Co., Inc. (NYSE:MRK) for 18,167 shares. Whitnell And holds 0.36% of its portfolio in Merck & Co., Inc. (NYSE:MRK) for 15,125 shares. Carlson Capital Mgmt stated it has 4,209 shares. Cannell Peter B owns 222,641 shares for 0.43% of their portfolio. 11,992 are owned by Kazazian Asset Management Ltd Liability Company.

Portland Global Advisors Llc, which manages about $321.25 million 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 $19.41 million in 2017Q4, according to the filing.

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 14.85 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.

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 85 analyst reports since August 13, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, October 18 by Citigroup. The firm has “Hold” rating given on Friday, April 15 by Jefferies. The stock of Merck & Co., Inc. (NYSE:MRK) has “Buy” rating given on Monday, July 31 by UBS. As per Tuesday, February 6, the company rating was maintained by Leerink Swann. The stock of Merck & Co., Inc. (NYSE:MRK) has “Outperform” rating given on Thursday, August 13 by BMO Capital Markets. The firm has “Overweight” rating by Barclays Capital given on Thursday, April 5. Leerink Swann upgraded Merck & Co., Inc. (NYSE:MRK) rating on Monday, March 12. Leerink Swann has “Buy” rating and $66.0 target. Jefferies maintained the shares of MRK in report on Tuesday, January 16 with “Hold” rating. The company was initiated on Friday, January 13 by Bryan Garnier & Cie. The firm has “Hold” rating given on Thursday, November 16 by Jefferies.

Investors sentiment increased to 1.23 in Q4 2017. Its up 0.13, from 1.1 in 2017Q3. It improved, as 39 investors sold DISH shares while 117 reduced holdings. 59 funds opened positions while 133 raised stakes. 217.69 million shares or 1.40% less from 220.79 million shares in 2017Q3 were reported. Service Automobile Association has invested 0.02% in DISH Network Corporation (NASDAQ:DISH). Cibc has 0% invested in DISH Network Corporation (NASDAQ:DISH) for 7,647 shares. Penn Davis Mcfarland Inc stated it has 11,075 shares. 210,019 were reported by Altalis Capital Mgmt Limited. Smith Moore & reported 5,300 shares. Trexquant LP owns 41,328 shares or 0.22% of their US portfolio. Kbc Grp Nv reported 0.01% of its portfolio in DISH Network Corporation (NASDAQ:DISH). First Quadrant LP Ca has 0.01% invested in DISH Network Corporation (NASDAQ:DISH) for 15,100 shares. Citadel Llc, a Illinois-based fund reported 728,190 shares. Illinois-based Css Ltd Liability Company Il has invested 0.01% in DISH Network Corporation (NASDAQ:DISH). Hsbc Public Ltd Com holds 0.03% or 430,909 shares in its portfolio. Tiaa Cref Investment Mngmt Ltd Liability Corporation has 0.03% invested in DISH Network Corporation (NASDAQ:DISH) for 849,888 shares. Omega Advisors holds 1.99% or 1.11 million shares. 318,700 were reported by Hbk Invs Lp. Glacier Peak Capital Ltd accumulated 112,073 shares.

P Schoenfeld Asset Management Lp, which manages about $3.34 billion and $1.43B US Long portfolio, upped its stake in Liberty Interactive Corp (NASDAQ:QVCA) by 39,473 shares to 2.07M shares, valued at $50.54M in 2017Q4, according to the filing. It also increased its holding in Wgl Hldgs Inc (NYSE:WGL) by 232,776 shares in the quarter, for a total of 282,776 shares, and has risen its stake in At&T Inc (Call) (NYSE:T).

Analysts await DISH Network Corporation (NASDAQ:DISH) to report earnings on May, 7. They expect $0.71 EPS, down 6.58% or $0.05 from last year’s $0.76 per share. DISH’s profit will be $331.33 million for 13.11 P/E if the $0.71 EPS becomes a reality. After $0.57 actual EPS reported by DISH Network Corporation for the previous quarter, Wall Street now forecasts 24.56% EPS growth.

Since January 5, 2018, it had 0 buys, and 5 selling transactions for $284,520 activity. ORBAN PAUL W also sold $4,708 worth of DISH Network Corporation (NASDAQ:DISH) on Monday, April 2. Shares for $234,180 were sold by Khemka Vivek on Tuesday, March 20.

Among 22 analysts covering Dish Network Corp. (NASDAQ:DISH), 9 have Buy rating, 2 Sell and 11 Hold. Therefore 41% are positive. Dish Network Corp. had 57 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $54.0 target in Wednesday, November 22 report. The firm has “Hold” rating given on Wednesday, February 28 by SunTrust. Pivotal Research maintained DISH Network Corporation (NASDAQ:DISH) rating on Thursday, August 3. Pivotal Research has “Hold” rating and $6800 target. Wunderlich maintained it with “Sell” rating and $48 target in Wednesday, September 9 report. As per Friday, July 22, the company rating was maintained by RBC Capital Markets. HSBC initiated it with “Reduce” rating and $58 target in Wednesday, July 22 report. HSBC upgraded the shares of DISH in report on Friday, February 26 to “Hold” rating. The stock of DISH Network Corporation (NASDAQ:DISH) earned “Outperform” rating by Macquarie Research on Tuesday, August 9. Moffett Nathanson maintained the shares of DISH in report on Tuesday, September 26 with “Sell” rating. Moffett Nathanson upgraded the shares of DISH in report on Friday, March 23 to “Neutral” rating.

DISH Network Corporation (NASDAQ:DISH) Institutional Positions Chart

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