North Dakota State Investment Board acquired a new position in Merck & Co., Inc. (NYSE:MRK – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 86,432 shares of the company’s stock, valued at approximately $9,098,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. United Financial Planning Group LLC acquired a new stake in shares of Merck & Co., Inc. in the third quarter worth $31,000. Wealth Watch Advisors INC acquired a new stake in shares of Merck & Co., Inc. in the third quarter worth $34,000. Dunhill Financial LLC grew its stake in shares of Merck & Co., Inc. by 83.0% in the third quarter. Dunhill Financial LLC now owns 419 shares of the company’s stock worth $35,000 after acquiring an additional 190 shares during the last quarter. Silicon Valley Capital Partners grew its stake in shares of Merck & Co., Inc. by 160.5% in the third quarter. Silicon Valley Capital Partners now owns 422 shares of the company’s stock worth $35,000 after acquiring an additional 260 shares during the last quarter. Finally, Valued Wealth Advisors LLC grew its stake 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 worth $47,000 after acquiring an additional 94 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%
Shares of NYSE:MRK opened at $111.36 on Monday. Merck & Co., Inc. has a 52 week low of $74.37 and a 52 week high of $125.14. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.06 and a current ratio of 1.30. The company’s fifty day moving average is $116.00 and its 200-day moving average is $109.36. The company has a market capitalization of $275.03 billion, a PE ratio of 31.37, a P/E/G ratio of 2.51 and a beta of 0.18.
Analysts Set New Price Targets
Several brokerages have recently issued reports on MRK. JPMorgan Chase & Co. raised their price objective on shares of Merck & Co., Inc. from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, April 6th. Weiss Ratings downgraded shares of Merck & Co., Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. 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. Citigroup started 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. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $142.00 price target on shares of Merck & Co., Inc. in a research note on Monday, March 30th. One equities research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.18.
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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