State Of New Jersey Common Pension Fund D Increased Its Stake in Merck & Co INC (MRK) by $5.60 Million

April 17, 2018 - By Eula Gilbert

Merck & Co., Inc. (NYSE:MRK) Corporate LogoBig Money Sentiment decreased to 0.94 in Q4 2017. It has change of 0.12, from 2017Q3’s 1.06. The ratio dropped due to MRK positioning: 94 sold and 631 reduced. 123 funds amassed stakes and 558 increased stakes. Investors holded 1.96 billion in 2017Q3 but now own 1.93 billion shares or 1.34% less. Timber Hill Limited Liability Company owns 78,857 shs. New Jersey Better Educational Savings reported 13,000 shs. Moreover, Natl Mutual Federation Of Agricultural Cooperatives has 0.05% invested in Merck & Co., Inc. (NYSE:MRK). Hm Capital Mngmt Ltd Liability Corporation invested 0.18% in Merck & Co., Inc. (NYSE:MRK). Panagora Asset Mgmt invested 0.69% in Merck & Co., Inc. (NYSE:MRK). First Republic Invest Mngmt Incorporated holds 972,578 shs. Badgley Phelps And Bell has 9,281 shs. Investment House Limited Liability Company stated it has 63,107 shs or 0.43% of all its holdings. Nbt Financial Bank N A Ny holds 77,054 shs. Strategy Asset Managers Limited holds 1.73% of its capital in Merck & Co., Inc. (NYSE:MRK) for 157,256 shs. Thrivent Fin For Lutherans owns 2.59 million shs for 0.49% of their capital. Moreover, Zwj Inv Counsel has 2.09% invested in Merck & Co., Inc. (NYSE:MRK). Finemark Natl Retail Bank reported 0.74% of its capital in Merck & Co., Inc. (NYSE:MRK). Smead Mngmt has invested 2.76% in Merck & Co., Inc. (NYSE:MRK). Hightower Advisors Lc has invested 0.72% in Merck & Co., Inc. (NYSE:MRK).

The holdings In Merck & Co Inc (MRK) was upped owned by State Of New Jersey Common Pension Fund D. According to 2017Q4 Securities and Exchange form the decrease is 2.69%. By buying 100,000 shares State Of New Jersey Common Pension Fund D made the stock sank with 4.63%. At the end of 2017Q4, the institutional investor held 3.82 million shares of the health care company, valued at $214.95M, up from 3.72M at the end of the previous reported quarter. $157.93B is the market cap of Merck & Co Inc. MRK reached $58.65 on during the last trading session after $1.48 change.Merck & Co., Inc. is downtrending after having declined 14.94% since April 17, 2017. MRK has 22.55M volume or 76.64% up from normal. The stock underperformed the S&P500 by 26.49%.

State Of New Jersey Common Pension Fund D manages about $26.40 billion US Long portfolio. It reduced its stake in Firstenergy Corp (NYSE:FE) by 500,000 shares to 1.14 million shares, valued at $34.91M in 2017Q4, according to the filing. State Of New Jersey Common Pension Fund D has cut its stake in Ameriprise Finl Inc (NYSE:AMP) and also reduced its holding in Cisco Sys Inc (NASDAQ:CSCO) by 510,000 shares in the quarter, for a total of 3.97 million shares.

Merck & Co., Inc. (NYSE:MRK) Ratings Coverage

Total analysts of 16 have positions in Merck \u0026 Co (NYSE:MRK) as follows: 12 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 75%. Since October 18, 2017 according to StockzIntelligence Inc Merck \u0026 Co has 31 analyst reports. On Monday, October 30 the firm has “Equal-Weight” rating given by Morgan Stanley. On Wednesday, February 14 the firm earned “Outperform” rating by BMO Capital Markets. On Tuesday, February 13 the rating was upgraded by DZ Bank to “Buy”. On Tuesday, February 6 the stock of Merck & Co., Inc. (NYSE:MRK) has “Market Perform” rating given by Leerink Swann. On Wednesday, February 7 the firm has “Equal-Weight” rating by Morgan Stanley given. On Monday, October 30 the stock of Merck & Co., Inc. (NYSE:MRK) earned “Buy” rating by UBS. On Thursday, April 5 the stock of Merck & Co., Inc. (NYSE:MRK) has “Overweight” rating given by Barclays Capital. On Friday, April 13 the rating was maintained by Jefferies with “Hold”. On Wednesday, October 18 the rating was upgraded by Citigroup to “Buy”. On Thursday, October 26 the stock has “Buy” rating by Piper Jaffray.

Merck & Co., Inc. (NYSE:MRK) Institutional Investors Chart

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