Mach 1 Financial Group LLC acquired a new position in shares of Merck & Co., Inc. (NYSE:MRK – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,343 shares of the company’s stock, valued at approximately $878,000.
A number of other large investors have also modified their holdings of MRK. D.A. Davidson & CO. grew its stake in shares of Merck & Co., Inc. by 4.4% during the fourth quarter. D.A. Davidson & CO. now owns 576,959 shares of the company’s stock worth $60,731,000 after purchasing an additional 24,576 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Merck & Co., Inc. by 48.9% during the fourth quarter. Farther Finance Advisors LLC now owns 97,818 shares of the company’s stock worth $10,296,000 after purchasing an additional 32,114 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Merck & Co., Inc. by 12.7% during the third quarter. Coldstream Capital Management Inc. now owns 123,366 shares of the company’s stock worth $10,364,000 after purchasing an additional 13,940 shares in the last quarter. NEOS Investment Management LLC grew its stake in shares of Merck & Co., Inc. by 39.9% during the third quarter. NEOS Investment Management LLC now owns 347,684 shares of the company’s stock worth $29,181,000 after purchasing an additional 99,074 shares in the last quarter. Finally, Campbell Capital Management Inc. acquired a new position in shares of Merck & Co., Inc. during the third quarter worth $1,866,000. Hedge funds and other institutional investors own 76.07% of the company’s stock.
Merck & Co., Inc. Stock Performance
NYSE MRK opened at $113.01 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.30 and a quick ratio of 1.06. Merck & Co., Inc. has a 1 year low of $75.40 and a 1 year high of $125.14. The company has a market capitalization of $279.12 billion, a PE ratio of 31.83, a P/E/G ratio of 2.57 and a beta of 0.18. The company has a fifty day moving average of $115.82 and a two-hundred day moving average of $109.92.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Barclays assumed coverage on shares of Merck & Co., Inc. in a research note on Friday, February 20th. They set an “overweight” rating and a $140.00 target price for the company. Cantor Fitzgerald boosted their target price on shares of Merck & Co., Inc. from $116.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. UBS Group boosted their target price on shares of Merck & Co., Inc. from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Weiss Ratings downgraded shares of Merck & Co., Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Finally, Citigroup assumed coverage on shares of Merck & Co., Inc. in a research note on Wednesday, May 6th. They set a “neutral” rating and a $125.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.18.
Check Out Our Latest Analysis on Merck & Co., Inc.
About Merck & Co., Inc.
Merck & Co, Inc is a global biopharmaceutical company engaged in the discovery, development, manufacture and marketing of prescription medicines, vaccines, biologic therapies and animal health products. Its portfolio spans multiple therapeutic areas with a particular emphasis on oncology, vaccines and infectious disease, as well as therapies for metabolic and chronic conditions. Among its well-known products are the cancer immunotherapy Keytruda (pembrolizumab) and the human papillomavirus vaccine Gardasil; the company also markets a range of medicines and vaccines for veterinary use through Merck Animal Health.
Founded in the late 19th century as the U.S.
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