Merck & Co., Inc. (NYSE:MRK) Trading 1.8% Higher – Here’s Why

Merck & Co., Inc. (NYSE:MRKGet Free Report) shot up 1.8% on Friday . The company traded as high as $110.54 and last traded at $110.24. 19,055,151 shares were traded during mid-day trading, an increase of 51% from the average session volume of 12,621,185 shares. The stock had previously closed at $108.34.

More Merck & Co., Inc. News

Here are the key news stories impacting Merck & Co., Inc. this week:

Analyst Ratings Changes

A number of analysts have recently commented on the company. BMO Capital Markets upgraded Merck & Co., Inc. from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $82.00 to $130.00 in a report on Thursday, December 18th. Wall Street Zen lowered Merck & Co., Inc. from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. TD Cowen boosted their target price on Merck & Co., Inc. from $100.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Morgan Stanley boosted their price target on Merck & Co., Inc. from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Merck & Co., Inc. in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $114.53.

Read Our Latest Report on MRK

Merck & Co., Inc. Trading Up 1.8%

The firm has a 50-day moving average of $104.95 and a two-hundred day moving average of $91.68. The company has a current ratio of 1.66, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $273.62 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.43 and a beta of 0.29.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.14). Merck & Co., Inc. had a return on equity of 44.54% and a net margin of 29.63%. On average, analysts anticipate that Merck & Co., Inc. will post 9.01 EPS for the current year.

Merck & Co., Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Monday, March 16th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, March 16th. Merck & Co., Inc.’s dividend payout ratio is presently 44.91%.

Insider Buying and Selling

In other Merck & Co., Inc. news, EVP David Michael Williams sold 8,614 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $83.59, for a total value of $720,044.26. Following the sale, the executive vice president owned 24,578 shares in the company, valued at approximately $2,054,475.02. The trade was a 25.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Institutional Trading of Merck & Co., Inc.

Several institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in shares of Merck & Co., Inc. by 29.5% in the 4th quarter. Brighton Jones LLC now owns 38,278 shares of the company’s stock valued at $3,808,000 after purchasing an additional 8,710 shares during the period. Sivia Capital Partners LLC lifted its stake in Merck & Co., Inc. by 52.2% in the second quarter. Sivia Capital Partners LLC now owns 11,494 shares of the company’s stock valued at $910,000 after buying an additional 3,941 shares during the period. Ninety One UK Ltd boosted its holdings in shares of Merck & Co., Inc. by 61.5% during the 2nd quarter. Ninety One UK Ltd now owns 91,579 shares of the company’s stock worth $7,249,000 after buying an additional 34,884 shares in the last quarter. Heritage Financial Services LLC increased its stake in shares of Merck & Co., Inc. by 94.8% in the 2nd quarter. Heritage Financial Services LLC now owns 9,498 shares of the company’s stock valued at $752,000 after acquiring an additional 4,623 shares in the last quarter. Finally, Woodward Diversified Capital LLC lifted its position in shares of Merck & Co., Inc. by 73.8% during the 2nd quarter. Woodward Diversified Capital LLC now owns 11,910 shares of the company’s stock valued at $943,000 after acquiring an additional 5,059 shares during the period. 76.07% of the stock is currently owned by institutional investors.

About Merck & Co., Inc.

(Get Free Report)

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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