SecurityMRK / Merck & Co., Inc.
InstitutionCovington Capital Management
Shares198,799
Value $ 12,067,000
Related EPA:MRK / MERCK AND CO INC
58933YAC9 / Merck & Co Inc 1.1% 01/31/18
589331AT4 / Merck & Co Inc 2.4% 09/15/22
589331AS6 / Merck & Co Inc 3.6% 09/15/42
589331AN7 / Merck & Co Inc. 5.0% Senior Notes 06/30/19
58933NAL3 / Merck & Co Inc Mtn Be Put 5.76% 05/03/2037
58933YAB1 / Merck & Co Inc New Fixed Rt 2.25% 01/15/2016
58933YAA3 / Merck & Co Inc New Fixed Rt 3.875% 01/15/2021
589331AP2 / Merck & Co Inc Notes 4% 06/30/15
589331AQ0 / Merck & Co Inc Notes 5.85% 06/30/39
589331AK3 / Merck & Company 4.750% Notes 03/01/15
589331AM9 / Merck & Company 5.75% Notes 11/15/36
589331AE7 / Merck & Company 5.950% Debentures 12/01/28
589331AC1 / Merck & Company 6.300% Debentures 01/01/26
589331AD9 / Merck & Company 6.400% Debentures 03/01/28
MKGAY / Merck KGaA
MKGAF / Merck KGaA
NSE:MERCK / MERCK LTD.
BSE:500126 / MERCK LTD.
806605AH4 / Schering-plough 6.55% Senior Notes 9/15/37
806605AJ0 / Schering-plough 6% Senior Notes 9/15/17

Covington Capital Management reports 9.75% increase in ownership of MRK / Merck & Co., Inc.

August 13, 2018 - Covington Capital Management has filed a 13F-HR form disclosing ownership of 198,799 shares of Merck & Co., Inc. (NYSE:MRK) with total holdings valued at $12,067,000 USD as of June 30, 2018. Covington Capital Management had filed a previous 13F-HR on May 11, 2018 disclosing 181,139 shares of Merck & Co., Inc. at a value of $9,867,000 USD. This represents a change in shares of 9.75 percent and a change in value of 22.30 percent during the quarter.

Other investors with positions similar to Covington Capital Management include Davy Asset Management Ltd, Godsey & Gibb Associates, Varma Mutual Pension Insurance Co, People's United Financial, Inc., Central Securities Corp, and Boston Common Asset Management, LLC.

Merck & Co., Inc. has declared a standard industrial code (sic) of 2834 which is the "Pharmaceutical Preparations" industry. Covington Capital Management's top industries are "Construction Special Trade Contractors" (sic 17), "Non-depository Credit Institutions" (sic 61), and "Food Stores" (sic 54).

13F Filings

The Security, Class, and CUSIP columns in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names and cusips.

In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Effective
Date
Form Security Class CUSIP Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-06-30 13F-HR MERCK COM 58933Y105 57.59 198,799 9.75 12,067 22.30 1,017 1,183 11.99
2018-03-31 13F-HR MERCK COM 58933Y105 55.37 181,139 -1.64 9,867 -4.78 -167 -328 -3.17
2017-12-31 13F-HR MERCK COM 58933Y105 60.15 184,150 0.16 10,362 -11.98 18 -1,428 -12.13
2017-09-30 13F-HR MERCK COM 58933Y105 64.06 183,852 -0.24 11,772 -0.34 -29 -11 -0.09
2017-06-30 13F-HR MERCK COM 589331107 63.82 184,303 1.38 11,812 2.26 160 101 0.87
2017-03-31 13F-HR MERCK COM 589331107 61.21 181,789 2.03 11,551 10.12 222 840 8.01
2016-12-31 13F-HR MERCK COM 589331107 60.64 178,168 2.87 10,489 -2.96 302 -622 -5.75
2016-09-30 13F-HR/A-1 MERCK COM 589331107 60.01 173,196 -0.04 10,809 8.28 -4 831 8.32
2016-09-30 13F-HR MERCK COM 589331107 173,196 10,809
2016-06-30 13F-HR MERCK COM 589331107 55.26 173,261 0.46 9,982 9.39 44 813 8.91
2016-03-31 13F-HR MERCK COM 589331107 52.86 172,472 -0.31 9,125 -0.14 -28 15 0.17
2015-12-31 13F-HR MERCK COM 589331107 51.10 173,008 -0.33 9,138 6.59 -29 594 6.93
2015-09-30 13F-HR MERCK COM 589331107 53.16 173,577 1.53 8,573 -11.92 139 -1,299 -13.34
2015-06-30 13F-HR MERCK COM 589331107 57.20 170,967 2.37 9,733 1.39 226 -93 -0.97
2015-03-31 13F-HR/A-1 MERCK COM 589331107 57.13 167,017 -1.80 9,600 -0.61 -175 116 1.20
2015-03-31 13F-HR MERCK COM 589331107 167,017 9,600
2014-12-31 13F-HR MERCK COM 589331107 58.04 170,086 -0.39 9,659 -4.58 -39 -425 -4.20
2014-09-30 13F-HR MERCK COM 589331107 59.24 170,760 0.74 10,123 0.88 74 14 0.14
2014-06-30 13F-HR MERCK COM 589331107 57.98 169,510 -0.22 10,035 4.05 -21 412 4.28
2014-03-31 13F-HR MERCK COM 589331107 169,879 9,644


CUSIP: 58933Y105