Waldron LP Decreased Position in Merck & Co (New) (MRK) by $599,872 as Stock Value Declined; Princeton Capital Management Has Trimmed Holding in Martin Marietta Materials (MLM) by $985,014

December 7, 2017 - By Louis Casey

Waldron Lp decreased its stake in Merck & Co (New) (MRK) by 54.34% based on its latest 2017Q2 regulatory filing with the SEC. Waldron Lp sold 9,373 shares as the company’s stock declined 2.46% while stock markets rallied. The institutional investor held 7,875 shares of the health care company at the end of 2017Q2, valued at $504,000, down from 17,248 at the end of the previous reported quarter. Waldron Lp who had been investing in Merck & Co (New) for a number of months, seems to be less bullish one the $149.52 billion market cap company. The stock increased 0.98% or $0.53 during the last trading session, reaching $54.88. About 3.62M shares traded. Merck & Co., Inc. (NYSE:MRK) has risen 16.86% since December 7, 2016 and is uptrending. It has outperformed by 0.16% the S&P500.

Princeton Capital Management Inc decreased its stake in Martin Marietta Materials Inc (MLM) by 15.24% based on its latest 2017Q2 regulatory filing with the SEC. Princeton Capital Management Inc sold 4,437 shares as the company’s stock rose 4.98% with the market. The institutional investor held 24,674 shares of the basic industries company at the end of 2017Q2, valued at $5.49M, down from 29,111 at the end of the previous reported quarter. Princeton Capital Management Inc who had been investing in Martin Marietta Materials Inc for a number of months, seems to be less bullish one the $12.81 billion market cap company. The stock increased 1.13% or $2.28 during the last trading session, reaching $203.79. About 68,268 shares traded. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 23.49% since December 7, 2016 and is uptrending. It has outperformed by 6.79% the S&P500.




Waldron Lp, which manages about $1.10 billion and $314.97M US Long portfolio, upped its stake in Ishares Russell 2000 Value Etf (IWN) by 2,767 shares to 55,568 shares, valued at $6.61M in 2017Q2, according to the filing.

Analysts await Merck & Co., Inc. (NYSE:MRK) to report earnings on February, 1. They expect $0.94 earnings per share, up 5.62% or $0.05 from last year’s $0.89 per share. MRK’s profit will be $2.56B for 14.60 P/E if the $0.94 EPS becomes a reality. After $1.11 actual earnings per share reported by Merck & Co., Inc. for the previous quarter, Wall Street now forecasts -15.32% negative EPS growth.

More notable recent Merck & Co., Inc. (NYSE:MRK) news were published by: Businesswire.com which released: “New England Journal of Medicine Publishes Phase 3 Clinical Study of PREVYMIS …” on December 06, 2017, also Fool.com with their article: “The Case for Eli Lilly and Co.” published on November 27, 2017, Fool.com published: “Here’s Why Merck & Co., Inc. Tanked 14% in October” on November 08, 2017. More interesting news about Merck & Co., Inc. (NYSE:MRK) were released by: Investorplace.com and their article: “Merck & Co., Inc. Stock’s Decline Is a Reason to Get In Now” published on November 20, 2017 as well as Seekingalpha.com‘s news article titled: “It’s A Good Time To Buy Merck” with publication date: November 29, 2017.

Investors sentiment increased to 1.07 in Q2 2017. Its up 0.08, from 0.99 in 2017Q1. It improved, as 56 investors sold MRK shares while 612 reduced holdings. 111 funds opened positions while 603 raised stakes. 1.95 billion shares or 0.77% less from 1.96 billion shares in 2017Q1 were reported. Natl Bank holds 0.12% or 6,067 shares in its portfolio. Court Place Limited Liability invested in 0.87% or 28,445 shares. Clean Yield Group Inc holds 43,282 shares or 1.14% of its portfolio. Moreover, B T Cap Dba Alpha Cap has 1.19% invested in Merck & Co., Inc. (NYSE:MRK). Paragon Capital Management Ltd reported 0.27% stake. Pub Employees Retirement Association Of Colorado stated it has 2.31M shares. Schroder Invest Management Group Inc invested in 6.42M shares or 0.74% of the stock. Nelson Van Denburg And Campbell Wealth Management Ltd Llc holds 0.15% or 5,611 shares in its portfolio. Old Republic Intll owns 451,500 shares for 0.94% of their portfolio. Timber Creek Capital Mngmt owns 5,272 shares. The Ontario – Canada-based Ontario Teachers Pension Plan Board has invested 0.11% in Merck & Co., Inc. (NYSE:MRK). Stanley holds 0.17% or 9,707 shares. Parametric Lc owns 7.77 million shares. Pictet Asset Mgmt Limited holds 0.53% or 2.67 million shares in its portfolio. Coho holds 2.61% of its portfolio in Merck & Co., Inc. (NYSE:MRK) for 1.63 million shares.

Among 23 analysts covering Merck & Co. Inc. (NYSE:MRK), 15 have Buy rating, 0 Sell and 8 Hold. Therefore 65% are positive. Merck & Co. Inc. had 71 analyst reports since August 13, 2015 according to SRatingsIntel. BMO Capital Markets maintained Merck & Co., Inc. (NYSE:MRK) on Monday, June 12 with “Buy” rating. The company was maintained on Tuesday, March 15 by Jefferies. The rating was maintained by BMO Capital Markets with “Buy” on Friday, August 4. The stock of Merck & Co., Inc. (NYSE:MRK) earned “Outperform” rating by Credit Suisse on Wednesday, August 30. The company was maintained on Thursday, October 26 by Piper Jaffray. The firm has “Buy” rating given on Wednesday, October 18 by Citigroup. Societe Generale initiated the shares of MRK in report on Wednesday, April 6 with “Buy” rating. The firm has “Sell” rating by BMO Capital Markets given on Tuesday, July 4. The rating was maintained by Bernstein on Wednesday, November 15 with “Buy”. As per Friday, August 18, the company rating was maintained by Jefferies.

More important recent Martin Marietta Materials, Inc. (NYSE:MLM) news were published by: Nasdaq.com which released: “Martin Marietta Materials, Inc. (MLM) Ex-Dividend Date Scheduled for November …” on November 29, 2017, also Seekingalpha.com published article titled: “Martin Marietta Materials (MLM) Q3 2017 Results – Earnings Call Transcript”, Globenewswire.com published: “Martin Marietta Declares Regular Cash Dividend” on November 16, 2017. More interesting news about Martin Marietta Materials, Inc. (NYSE:MLM) was released by: Nasdaq.com and their article: “Ex-Dividend Reminder: TransAlta, Advanced Drainage Systems and Martin Marietta …” with publication date: November 28, 2017.

Among 12 analysts covering Martin Marietta (NYSE:MLM), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Martin Marietta had 23 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Bank of America on Wednesday, November 16. As per Tuesday, October 11, the company rating was downgraded by Goldman Sachs. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, August 5. The rating was upgraded by Suntrust Robinson on Wednesday, October 26 to “Buy”. Bank of America maintained it with “Neutral” rating and $229 target in Thursday, October 19 report. The rating was upgraded by Cleveland to “Buy” on Friday, March 31. The company was maintained on Wednesday, September 6 by Stifel Nicolaus. Cleveland upgraded Martin Marietta Materials, Inc. (NYSE:MLM) on Monday, April 3 to “Buy” rating. SunTrust upgraded the stock to “Buy” rating in Wednesday, October 26 report. As per Wednesday, June 8, the company rating was maintained by Goldman Sachs.

Analysts await Martin Marietta Materials, Inc. (NYSE:MLM) to report earnings on February, 13. They expect $1.58 earnings per share, up 1.94% or $0.03 from last year’s $1.55 per share. MLM’s profit will be $99.32M for 32.25 P/E if the $1.58 EPS becomes a reality. After $2.39 actual earnings per share reported by Martin Marietta Materials, Inc. for the previous quarter, Wall Street now forecasts -33.89% negative EPS growth.

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