Merck & Co., Inc. $MRK Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its stake in Merck & Co., Inc. (NYSE:MRKFree Report) by 7.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,379,666 shares of the company’s stock after buying an additional 158,324 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Merck & Co., Inc. were worth $199,725,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC increased its position in Merck & Co., Inc. by 237.4% in the 3rd 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 period. Kilter Group LLC acquired a new position in Merck & Co., Inc. during the 2nd quarter worth $27,000. Bare Financial Services Inc grew its stake in shares of Merck & Co., Inc. by 51.9% in the second quarter. Bare Financial Services Inc now owns 366 shares of the company’s stock worth $29,000 after purchasing an additional 125 shares in the last quarter. Barnes Dennig Private Wealth Management LLC raised its stake in shares of Merck & Co., Inc. by 302.3% during the third 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 in the last quarter. Finally, Evolution Wealth Management Inc. acquired a new stake in Merck & Co., Inc. in the second quarter worth about $31,000. Institutional investors own 76.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MRK. Bank of America raised their target price on shares of Merck & Co., Inc. from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Scotiabank raised their price objective on shares of Merck & Co., Inc. from $105.00 to $120.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 4th. Morgan Stanley boosted their target price on Merck & Co., Inc. from $100.00 to $102.00 and gave the stock an “equal weight” rating in a report on Friday, December 12th. Deutsche Bank Aktiengesellschaft upped their target price on Merck & Co., Inc. from $110.00 to $111.00 and gave the stock a “hold” rating in a research report on Tuesday, November 18th. Finally, Weiss Ratings reiterated 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.com, the stock has an average rating of “Hold” and a consensus target price of $114.53.

View Our Latest Report on MRK

Insiders Place Their Bets

In other news, EVP David Michael Williams sold 8,614 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $83.59, for a total value of $720,044.26. Following the completion of the sale, the executive vice president directly owned 24,578 shares in the company, valued at approximately $2,054,475.02. The trade was a 25.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

Trending Headlines about Merck & Co., Inc.

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Merck & Co., Inc. Stock Up 1.8%

Shares of Merck & Co., Inc. stock opened at $110.24 on Friday. Merck & Co., Inc. has a 12-month low of $73.31 and a 12-month high of $112.90. The firm has a market capitalization of $273.62 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.52 and a beta of 0.29. 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 stock’s fifty day moving average is $105.20 and its 200-day moving average is $91.94.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last issued its quarterly 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%. Equities analysts anticipate that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Announces Dividend

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

Merck & Co., Inc. Company 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.

Further Reading

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

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