As Merck & Co. (MRK) Share Price Declined, Modera Wealth Management Upped Its Holding by $814,080; Tradition Capital Management Has Cut Its Position in Stryker (SYK) by $524,520

February 20, 2018 - By Peter Erickson

Modera Wealth Management Llc increased its stake in Merck & Co. Inc. (MRK) by 141.85% based on its latest 2017Q3 regulatory filing with the SEC. Modera Wealth Management Llc bought 12,720 shares as the company’s stock declined 2.46% while stock markets rallied. The institutional investor held 21,687 shares of the health care company at the end of 2017Q3, valued at $1.39 million, up from 8,967 at the end of the previous reported quarter. Modera Wealth Management Llc who had been investing in Merck & Co. Inc. for a number of months, seems to be bullish on the $149.90B market cap company. The stock decreased 2.26% or $1.27 during the last trading session, reaching $55.02. About 8.50M shares traded. Merck & Co., Inc. (NYSE:MRK) has risen 16.86% since February 20, 2017 and is uptrending. It has outperformed by 0.16% the S&P500.

Tradition Capital Management Llc decreased its stake in Stryker Corp (SYK) by 26.99% based on its latest 2017Q3 regulatory filing with the SEC. Tradition Capital Management Llc sold 3,720 shares as the company’s stock rose 8.29% with the market. The institutional investor held 10,065 shares of the medical and dental instruments company at the end of 2017Q3, valued at $1.43M, down from 13,785 at the end of the previous reported quarter. Tradition Capital Management Llc who had been investing in Stryker Corp for a number of months, seems to be less bullish one the $59.67B market cap company. The stock decreased 0.38% or $0.61 during the last trading session, reaching $159.26. About 546,268 shares traded. Stryker Corporation (NYSE:SYK) has risen 24.95% since February 20, 2017 and is uptrending. It has outperformed by 8.25% the S&P500.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.01, from 1.07 in 2017Q2. It turned negative, as 46 investors sold MRK shares while 619 reduced holdings. 106 funds opened positions while 598 raised stakes. 1.96 billion shares or 0.47% more from 1.95 billion shares in 2017Q2 were reported. Covington Invest Inc stated it has 1.15% of its portfolio in Merck & Co., Inc. (NYSE:MRK). New Jersey-based Jacobs Levy Equity Management has invested 0.26% in Merck & Co., Inc. (NYSE:MRK). Pekin Singer Strauss Asset Il accumulated 0.87% or 72,248 shares. Stelac Advisory Ltd Liability Co has 1,621 shares for 0.03% of their portfolio. Virginia Retirement Et Al invested 0.62% in Merck & Co., Inc. (NYSE:MRK). Pinnacle Limited Liability reported 18,207 shares or 0.43% of all its holdings. Triangle Wealth Mgmt stated it has 14,936 shares or 0.57% of all its holdings. Rocky Mountain Advisers reported 0.6% stake. Southeast Asset invested 0.11% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Envestnet Asset Management Inc accumulated 679,845 shares or 0.1% of the stock. Systematic Fincl Management LP reported 0.14% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Fil Limited accumulated 1.79M shares. Fincl Counselors holds 1.2% or 384,233 shares in its portfolio. South Dakota Invest Council holds 0.16% or 123,600 shares. Monroe Bankshares And Mi has invested 0.03% in Merck & Co., Inc. (NYSE:MRK).

Modera Wealth Management Llc, which manages about $1.59 billion and $443.83M US Long portfolio, decreased its stake in Union Pacific (NYSE:UNP) by 2,870 shares to 4,984 shares, valued at $578,000 in 2017Q3, according to the filing.

Among 24 analysts covering Merck & Co. Inc. (NYSE:MRK), 17 have Buy rating, 0 Sell and 7 Hold. Therefore 71% are positive. Merck & Co. Inc. had 79 analyst reports since August 13, 2015 according to SRatingsIntel. The stock of Merck & Co., Inc. (NYSE:MRK) earned “Buy” rating by UBS on Monday, July 31. The rating was maintained by Jefferies on Thursday, November 16 with “Hold”. The firm earned “Outperform” rating on Monday, February 5 by Credit Suisse. The stock of Merck & Co., Inc. (NYSE:MRK) has “Buy” rating given on Tuesday, November 24 by Berenberg. The rating was upgraded by Berenberg on Thursday, August 27 to “Hold”. The firm earned “Buy” rating on Tuesday, June 6 by BMO Capital Markets. The stock of Merck & Co., Inc. (NYSE:MRK) has “Buy” rating given on Thursday, October 26 by Piper Jaffray. The rating was maintained by Bernstein on Wednesday, November 15 with “Buy”. The firm has “Market Perform” rating by Cowen & Co given on Wednesday, April 12. The stock has “Buy” rating by Bryan Garnier & Cie on Friday, January 13.

Since February 1, 2018, it had 0 insider purchases, and 5 sales for $3.44 million activity. $214,730 worth of Stryker Corporation (NYSE:SYK) was sold by Berry William E Jr. 7,400 shares were sold by COX HOWARD E JR, worth $1.21M on Friday, February 2. Carpenter Lonny J sold 5,000 shares worth $818,792. McLean Graham A also sold $479,034 worth of Stryker Corporation (NYSE:SYK) on Monday, February 5.

Investors sentiment increased to 0.87 in 2017 Q3. Its up 0.02, from 0.85 in 2017Q2. It is positive, as 52 investors sold SYK shares while 330 reduced holdings. 56 funds opened positions while 275 raised stakes. 275.60 million shares or 0.51% more from 274.21 million shares in 2017Q2 were reported. Gratry Co Ltd Com, Ohio-based fund reported 1,875 shares. Rock Point Advisors Limited Liability Co stated it has 52,330 shares. Murphy Cap Management owns 0.58% invested in Stryker Corporation (NYSE:SYK) for 28,455 shares. Clarkston Partners Ltd Limited Liability Company holds 3,336 shares or 0.02% of its portfolio. The Oregon-based Northwest Counselors Limited Liability Com has invested 0.01% in Stryker Corporation (NYSE:SYK). Caxton Associate Ltd Partnership reported 0.02% stake. Grandfield & Dodd Limited Liability Company accumulated 112,071 shares. Natl Planning Corp owns 2,046 shares or 0.06% of their US portfolio. Cap Intll Invsts invested in 0.06% or 352,651 shares. Ftb Advsrs accumulated 0% or 117 shares. Fdx holds 15,608 shares. 28 are held by Td Mngmt Llc. Girard Ptnrs owns 17,406 shares. Catawba Capital Mgmt Va owns 3,923 shares or 0.13% of their US portfolio. Wealthtrust stated it has 35 shares or 0% of all its holdings.

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