Integrated Investment Consultants LLC grew its holdings in Merck & Co., Inc. (NYSE:MRK – Free Report) by 53.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,816 shares of the company’s stock after purchasing an additional 10,087 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Merck & Co., Inc. were worth $3,033,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Chesapeake Wealth Management grew its holdings in Merck & Co., Inc. by 0.6% during the fourth quarter. Chesapeake Wealth Management now owns 14,740 shares of the company’s stock valued at $1,552,000 after purchasing an additional 87 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of Merck & Co., Inc. by 3.1% in the fourth quarter. Westside Investment Management Inc. now owns 3,142 shares of the company’s stock valued at $331,000 after purchasing an additional 93 shares during the last quarter. Valued Wealth Advisors LLC grew its position in shares of Merck & Co., Inc. by 26.9% in the fourth quarter. Valued Wealth Advisors LLC now owns 444 shares of the company’s stock valued at $47,000 after purchasing an additional 94 shares during the last quarter. Payne Capital LLC increased its stake in shares of Merck & Co., Inc. by 0.9% in the fourth quarter. Payne Capital LLC now owns 10,637 shares of the company’s stock worth $1,120,000 after purchasing an additional 97 shares during the period. Finally, Center for Financial Planning Inc. lifted its position in shares of Merck & Co., Inc. by 0.8% during the 4th quarter. Center for Financial Planning Inc. now owns 12,110 shares of the company’s stock worth $1,275,000 after purchasing an additional 98 shares during the last quarter. Institutional investors and hedge funds own 76.07% of the company’s stock.
Merck & Co., Inc. Stock Down 0.0%
NYSE MRK opened at $111.36 on Monday. The firm has a market cap of $275.03 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 2.51 and a beta of 0.18. Merck & Co., Inc. has a one year low of $74.37 and a one year high of $125.14. The stock’s 50 day simple moving average is $116.00 and its 200 day simple moving average is $109.36. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.30 and a quick ratio of 1.06.
Analyst Ratings Changes
MRK has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $142.00 price target on shares of Merck & Co., Inc. in a research report on Monday, March 30th. Citigroup assumed coverage on shares of Merck & Co., Inc. in a research report on Wednesday, May 6th. They set a “neutral” rating and a $125.00 target price on the stock. Zacks Research upgraded shares of Merck & Co., Inc. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. TD Cowen increased their price target on shares of Merck & Co., Inc. from $100.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of Merck & Co., Inc. from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $128.18.
View Our Latest Analysis on Merck & Co., Inc.
Merck & Co., Inc. Profile
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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