Leuthold Group LLC purchased a new stake in Merck & Co., Inc. (NYSE:MRK – Free Report) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 49,296 shares of the company’s stock, valued at approximately $5,189,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chesapeake Wealth Management increased its holdings in Merck & Co., Inc. by 0.6% during the 4th quarter. Chesapeake Wealth Management now owns 14,740 shares of the company’s stock valued at $1,552,000 after acquiring an additional 87 shares in the last quarter. Westside Investment Management Inc. increased its holdings in Merck & Co., Inc. by 3.1% during the 4th quarter. Westside Investment Management Inc. now owns 3,142 shares of the company’s stock valued at $331,000 after acquiring an additional 93 shares in the last quarter. Valued Wealth Advisors LLC increased its holdings in Merck & Co., Inc. by 26.9% during the 4th quarter. Valued Wealth Advisors LLC now owns 444 shares of the company’s stock valued at $47,000 after acquiring an additional 94 shares in the last quarter. Payne Capital LLC increased its holdings in Merck & Co., Inc. by 0.9% during the 4th quarter. Payne Capital LLC now owns 10,637 shares of the company’s stock valued at $1,120,000 after acquiring an additional 97 shares in the last quarter. Finally, Center for Financial Planning Inc. increased its holdings in 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 valued at $1,275,000 after acquiring an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 76.07% of the company’s stock.
Merck & Co., Inc. Price Performance
Merck & Co., Inc. stock opened at $111.36 on Friday. Merck & Co., Inc. has a 12-month low of $74.37 and a 12-month high of $125.14. The stock has a market capitalization of $275.03 billion, a P/E ratio of 31.37, a P/E/G ratio of 2.51 and a beta of 0.18. The firm’s 50-day moving average is $116.00 and its two-hundred day moving average is $109.21. 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 subject of several recent research reports. Royal Bank Of Canada restated an “outperform” rating and set a $142.00 target price on shares of Merck & Co., Inc. in a report on Monday, March 30th. Cantor Fitzgerald raised their price target 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. Citigroup initiated coverage on shares of Merck & Co., Inc. in a research note on Wednesday, May 6th. They set a “neutral” rating and a $125.00 price target on the stock. Weiss Ratings cut shares of Merck & Co., Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. Finally, Barclays initiated coverage on shares of Merck & Co., Inc. in a research note on Friday, February 20th. They set an “overweight” rating and a $140.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.18.
View Our Latest Stock Analysis on MRK
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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