Merck & Company, Inc. (MRK) Holdings Increased by Truepoint Inc.
Truepoint Inc. grew its holdings in Merck & Company, Inc. (NYSE:MRK) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,221 shares of the company’s stock after purchasing an additional 5 shares during the period. Truepoint Inc.’s holdings in Merck & were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. RB Capital Management LLC increased its stake in Merck & by 0.5% in the second quarter. RB Capital Management LLC now owns 4,587 shares of the company’s stock worth $294,000 after purchasing an additional 23 shares during the period. Baystate Wealth Management LLC increased its stake in Merck & by 0.4% in the second quarter. Baystate Wealth Management LLC now owns 6,470 shares of the company’s stock worth $405,000 after purchasing an additional 27 shares during the period. Bath Savings Trust Co increased its stake in Merck & by 0.5% in the second quarter. Bath Savings Trust Co now owns 5,427 shares of the company’s stock worth $348,000 after purchasing an additional 28 shares during the period. Camelot Portfolios LLC increased its stake in Merck & by 0.4% in the first quarter. Camelot Portfolios LLC now owns 7,771 shares of the company’s stock worth $494,000 after purchasing an additional 33 shares during the period. Finally, Stillwater Investment Management LLC increased its stake in Merck & by 0.8% in the second quarter. Stillwater Investment Management LLC now owns 4,621 shares of the company’s stock worth $296,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 72.84% of the company’s stock.
In other Merck & news, Director Thomas H. Glocer sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $56.20, for a total value of $281,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is currently owned by company insiders.
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Shares of Merck & Company, Inc. (NYSE:MRK) opened at $55.48 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.43 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $153,140.61, a PE ratio of 14.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.78. Merck & Company, Inc. has a twelve month low of $54.41 and a twelve month high of $66.80.
Merck & (NYSE:MRK) last issued its quarterly earnings results on Friday, October 27th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.08. The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.54 billion. Merck & had a return on equity of 27.08% and a net margin of 11.60%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $1.07 earnings per share. sell-side analysts forecast that Merck & Company, Inc. will post 3.95 EPS for the current year.
A number of equities analysts have recently issued reports on the company. J P Morgan Chase & Co set a $70.00 price target on Merck & and gave the stock a “buy” rating in a research report on Sunday, October 29th. Berenberg Bank reissued a “hold” rating on shares of Merck & in a research report on Wednesday, November 1st. BMO Capital Markets set a $70.00 price target on Merck & and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded Merck & from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $74.00 price target (down previously from $75.00) on shares of Merck & in a research report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $67.07.
About Merck &
Merck & Co, Inc is a global healthcare company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. It operates through four segments: Pharmaceutical, Animal Health, Healthcare Services and Alliances. The Company’s Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures.
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