Federated Hermes Inc. Sells 307,109 Shares of Merck & Co., Inc. $MRK

Federated Hermes Inc. reduced its stake in shares of Merck & Co., Inc. (NYSE:MRKFree Report) by 46.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 360,695 shares of the company’s stock after selling 307,109 shares during the quarter. Federated Hermes Inc.’s holdings in Merck & Co., Inc. were worth $30,273,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Darwin Wealth Management LLC grew its position in Merck & Co., Inc. by 237.4% in the third quarter. Darwin Wealth Management LLC now owns 307 shares of the company’s stock valued at $26,000 after acquiring an additional 216 shares during the last quarter. Kilter Group LLC bought a new stake in shares of Merck & Co., Inc. during the 2nd quarter valued at approximately $27,000. Bare Financial Services Inc grew its holdings in shares of Merck & Co., Inc. by 51.9% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the company’s stock valued at $29,000 after purchasing an additional 125 shares during the last quarter. Barnes Dennig Private Wealth Management LLC lifted its stake in Merck & Co., Inc. by 302.3% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 354 shares of the company’s stock valued at $30,000 after purchasing an additional 266 shares during the last quarter. Finally, Evolution Wealth Management Inc. acquired a new stake in Merck & Co., Inc. in the second quarter valued at approximately $31,000. 76.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Merck & Co., Inc.

In other news, EVP David Michael Williams sold 8,614 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $83.59, for a total transaction of $720,044.26. Following the transaction, the executive vice president directly owned 24,578 shares of the company’s stock, valued at $2,054,475.02. This represents a 25.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by insiders.

Merck & Co., Inc. Price Performance

Shares of NYSE MRK opened at $110.24 on Friday. The firm has a fifty day simple moving average of $105.20 and a 200 day simple moving average of $91.87. Merck & Co., Inc. has a twelve month low of $73.31 and a twelve month high of $112.90. The company has a quick ratio of 1.44, a current ratio of 1.66 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $273.62 billion, a PE ratio of 14.56, a P/E/G ratio of 1.52 and a beta of 0.29.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last announced its earnings results on Tuesday, February 3rd. The company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.14). Merck & Co., Inc. had a net margin of 29.63% and a return on equity of 44.54%. On average, sell-side analysts forecast that Merck & Co., Inc. will post 9.01 EPS for the current year.

Merck & Co., Inc. Dividend Announcement

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

Merck & Co., Inc. News Roundup

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MRK shares. Wolfe Research upgraded shares of Merck & Co., Inc. from a “peer perform” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Merck & Co., Inc. in a report on Monday, December 29th. BMO Capital Markets upgraded Merck & Co., Inc. from a “market perform” rating to an “outperform” rating and increased their target price for the company from $82.00 to $130.00 in a research report on Thursday, December 18th. Zacks Research cut Merck & Co., Inc. from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Finally, Bank of America upped their price objective on Merck & Co., Inc. from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $114.53.

Check Out Our Latest Stock Analysis on Merck & Co., Inc.

Merck & Co., Inc. Profile

(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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Institutional Ownership by Quarter for Merck & Co., Inc. (NYSE:MRK)

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