Meritage Portfolio Management Boosted Position in Merck & Co (MRK) by $820,120 as Share Value Declined; Koninklijke Philips N V (PHG) Shareholder Md Sass Investors Services Upped Its Position by $20.59 Million as Stock Price Declined

April 24, 2018 - By Winifred Garcia

Merck & Co., Inc. (NYSE:MRK) Logo

Martin D. Sass increased its stake in Koninklijke Philips N V (PHG) by 124.17% based on its latest 2017Q4 regulatory filing with the SEC. Md Sass Investors Services Inc bought 556,440 shares as the company’s stock declined 1.21% with the market. The hedge fund run by Martin D. Sass held 1.00 million shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $37.97M, up from 448,115 at the end of the previous reported quarter. Md Sass Investors Services Inc who had been investing in Koninklijke Philips N V for a number of months, seems to be bullish on the $38.69 billion market cap company. The stock decreased 0.25% or $0.105 during the last trading session, reaching $42.235. About 1.14M shares traded. Koninklijke Philips N.V. (NYSE:PHG) has risen 17.21% since April 24, 2017 and is uptrending. It has outperformed by 5.66% the S&P500.

Meritage Portfolio Management increased its stake in Merck & Co Inc (MRK) by 19.43% based on its latest 2017Q4 regulatory filing with the SEC. Meritage Portfolio Management bought 14,645 shares as the company’s stock declined 4.63% with the market. The institutional investor held 90,013 shares of the health care company at the end of 2017Q4, valued at $5.07M, up from 75,368 at the end of the previous reported quarter. Meritage Portfolio Management who had been investing in Merck & Co Inc for a number of months, seems to be bullish on the $161.94B market cap company. The stock decreased 0.18% or $0.11 during the last trading session, reaching $60.14. About 10.37 million shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 14.94% since April 24, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

Among 14 analysts covering Koninklijke Philips N.V. (NYSE:PHG), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Koninklijke Philips N.V. had 15 analyst reports since July 28, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, June 20 by Deutsche Bank. As per Monday, December 12, the company rating was downgraded by Morgan Stanley. The company was upgraded on Tuesday, July 28 by Societe Generale. On Wednesday, November 23 the stock rating was initiated by Citigroup with “Buy”. BNP Paribas downgraded the shares of PHG in report on Monday, October 16 to “Neutral” rating. UBS upgraded the stock to “Buy” rating in Wednesday, August 10 report. The stock of Koninklijke Philips N.V. (NYSE:PHG) has “Hold” rating given on Friday, November 27 by ING Group. The firm has “Equal Weight” rating given on Tuesday, July 28 by Barclays Capital. The firm has “Neutral” rating given on Wednesday, June 21 by Natixis. The company was upgraded on Wednesday, May 11 by BNP Paribas.

Md Sass Investors Services Inc, which manages about $1.91 billion and $1.12B US Long portfolio, decreased its stake in Metlife Inc (NYSE:MET) by 47,530 shares to 492,531 shares, valued at $24.90 million in 2017Q4, according to the filing. It also reduced its holding in Apollo Global Mgmt Llc (NYSE:APO) by 32,500 shares in the quarter, leaving it with 92,900 shares, and cut its stake in Lkq Corp (NASDAQ:LKQ).

Meritage Portfolio Management, which manages about $1.31 billion and $1.04B US Long portfolio, decreased its stake in Unitedhealth Group Inc (NYSE:UNH) by 13,953 shares to 23,401 shares, valued at $5.16 million in 2017Q4, according to the filing. It also reduced its holding in Target Corp (NYSE:TGT) by 44,190 shares in the quarter, leaving it with 42,177 shares, and cut its stake in Alphabet Inc Cl A.

Among 24 analysts covering Merck & Co. Inc. (NYSE:MRK), 21 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Merck & Co. Inc. had 89 analyst reports since August 13, 2015 according to SRatingsIntel. BNP Paribas upgraded the shares of MRK in report on Tuesday, August 18 to “Outperform” rating. The firm earned “Equal-Weight” rating on Wednesday, February 7 by Morgan Stanley. As per Tuesday, February 6, the company rating was maintained by Leerink Swann. SunTrust upgraded the shares of MRK in report on Tuesday, January 16 to “Buy” rating. The company was upgraded on Monday, March 12 by Leerink Swann. As per Tuesday, June 6, the company rating was maintained by BMO Capital Markets. Jefferies maintained it with “Hold” rating and $53.0 target in Thursday, November 16 report. The rating was downgraded by Morgan Stanley on Monday, October 30 to “Equal-Weight”. The stock has “Buy” rating by Guggenheim on Thursday, January 12. UBS maintained Merck & Co., Inc. (NYSE:MRK) rating on Monday, October 30. UBS has “Buy” rating and $67 target.

Investors sentiment decreased to 0.94 in Q4 2017. Its down 0.12, from 1.06 in 2017Q3. It dropped, as 94 investors sold MRK shares while 631 reduced holdings. 123 funds opened positions while 558 raised stakes. 1.93 billion shares or 1.34% less from 1.96 billion shares in 2017Q3 were reported. Marathon Asset Mngmt Llp invested 2.07% in Merck & Co., Inc. (NYSE:MRK). 270 are held by Mitsubishi Ufj Secs. Aviva Public Ltd Co holds 2.08 million shares. Checchi Capital Advisers Limited Co accumulated 24,981 shares. Prudential Public Ltd Company has invested 0.67% in Merck & Co., Inc. (NYSE:MRK). 12,322 are held by Essex Investment Limited Liability Co. M&R Management reported 0.52% stake. Maine-based Schroder Gru has invested 0.61% in Merck & Co., Inc. (NYSE:MRK). Condor Cap Mgmt reported 4,630 shares. Moreover, Marathon Cap Mngmt has 0.27% invested in Merck & Co., Inc. (NYSE:MRK). Middleton Ma has 1.43% invested in Merck & Co., Inc. (NYSE:MRK) for 151,244 shares. State Of Tennessee Treasury Department reported 1.42M shares or 0.36% of all its holdings. Pictet North America owns 37,740 shares. Shufro Rose Communications Ltd holds 19,803 shares. Financial Engines Limited Company invested 0% of its portfolio in Merck & Co., Inc. (NYSE:MRK).

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

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