Nuveen New York Municipal Value Fund 2 (NYV) Forms $13.75 Double Bottom; Rodgers Brothers Upped Its Merck & Company (MRK) Position

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

Rodgers Brothers Inc increased Merck & Company Inc (MRK) stake by 119.44% reported in 2017Q4 SEC filing. Rodgers Brothers Inc acquired 25,740 shares as Merck & Company Inc (MRK)’s stock declined 4.63%. The Rodgers Brothers Inc holds 47,291 shares with $2.66M value, up from 21,551 last quarter. Merck & Company Inc now has $147.05 billion valuation. The stock increased 0.83% or $0.45 during the last trading session, reaching $54.54. About 8.90M shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 14.94% since April 5, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

Nuveen New York Municipal Value Fund 2 (NYV) formed double bottom with $13.20 target or 4.00% below today’s $13.75 share price. Nuveen New York Municipal Value Fund 2 (NYV) has $32.31M valuation. The stock increased 1.63% or $0.22 during the last trading session, reaching $13.75. About 3,001 shares traded. Nuveen New York Municipal Value Fund 2 (NYSE:NYV) has declined 5.14% since April 5, 2017 and is downtrending. It has underperformed by 16.69% the S&P500.

Among 24 analysts covering Merck & Co. Inc. (NYSE:MRK), 18 have Buy rating, 0 Sell and 6 Hold. Therefore 75% are positive. Merck & Co. Inc. has $7400 highest and $50 lowest target. $65.22’s average target is 19.58% above currents $54.54 stock price. Merck & Co. Inc. had 82 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Friday, October 20 with “Sell”. BNP Paribas upgraded Merck & Co., Inc. (NYSE:MRK) on Tuesday, August 18 to “Outperform” rating. On Monday, October 30 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. Jefferies maintained the stock with “Hold” rating in Friday, April 15 report. The rating was downgraded by SunTrust to “Hold” on Monday, October 30. The rating was maintained by Jefferies with “Hold” on Friday, March 23. The company was maintained on Friday, August 19 by UBS. Deutsche Bank maintained it with “Hold” rating and $66 target in Monday, July 17 report. The company was maintained on Friday, July 28 by SunTrust. The rating was maintained by Jefferies with “Hold” on Monday, February 26.

Rodgers Brothers Inc decreased Cubic Corp (NYSE:CUB) stake by 6,850 shares to 40,425 valued at $2.38M in 2017Q4. It also reduced Cisco Systems Inc (NASDAQ:CSCO) stake by 7,895 shares and now owns 10,168 shares. Baxter International Inc (NYSE:BAX) was reduced too.

Investors sentiment decreased to 0.94 in 2017 Q4. Its down 0.12, from 1.06 in 2017Q3. It worsened, 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. Rampart Inv Limited Liability Company stated it has 0.73% in Merck & Co., Inc. (NYSE:MRK). Jolley Asset Ltd Company holds 53,380 shares or 1.91% of its portfolio. Becker Cap Management stated it has 776,978 shares or 1.44% of all its holdings. Barr E S & owns 6,333 shares for 0.04% of their portfolio. Psagot House stated it has 20,400 shares or 0.05% of all its holdings. Godshalk Welsh Capital Management invested in 29,353 shares. Waverton Invest Mngmt invested 0.05% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Cullinan Assocs Inc holds 0.68% or 165,061 shares. Hanson Mcclain accumulated 7,483 shares. Semper Augustus Investments Grp Ltd Liability Com holds 1.8% or 42,723 shares in its portfolio. Norinchukin Bancorp The has invested 0.45% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Trust Of Vermont holds 92,276 shares. Alps Advisors stated it has 873,059 shares or 0.34% of all its holdings. National Pension has 0.6% invested in Merck & Co., Inc. (NYSE:MRK). Spark Investment Limited Liability has invested 0.81% in Merck & Co., Inc. (NYSE:MRK).

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