Osprey Private Wealth LLC grew its stake in Merck & Co., Inc. (NYSE:MRK – Free Report) by 15.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,820 shares of the company’s stock after buying an additional 4,580 shares during the period. Osprey Private Wealth LLC’s holdings in Merck & Co., Inc. were worth $4,068,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MRK. Kingdom Financial Group LLC. purchased a new position in shares of Merck & Co., Inc. during the fourth quarter worth about $25,000. Abound Financial LLC acquired a new position in Merck & Co., Inc. during the fourth quarter worth approximately $26,000. Prosperity Bancshares Inc purchased a new stake in Merck & Co., Inc. in the fourth quarter valued at approximately $26,000. United Financial Planning Group LLC acquired a new stake in shares of Merck & Co., Inc. in the third quarter valued at approximately $31,000. Finally, High Note Wealth LLC grew its position in shares of Merck & Co., Inc. by 58.9% during the fourth quarter. High Note Wealth LLC now owns 294 shares of the company’s stock worth $31,000 after acquiring an additional 109 shares during the last quarter. 76.07% of the stock is currently owned by institutional investors and hedge funds.
Merck & Co., Inc. Trading Down 1.1%
MRK traded down $1.35 during trading on Friday, hitting $123.72. 8,388,403 shares of the company’s stock were exchanged, compared to its average volume of 10,797,806. The stock has a 50 day moving average price of $118.83 and a 200 day moving average price of $116.28. The firm has a market cap of $305.56 billion, a P/E ratio of 34.85, a price-to-earnings-growth ratio of 2.68 and a beta of 0.19. Merck & Co., Inc. has a 1 year low of $76.66 and a 1 year high of $130.29. The company has a current ratio of 1.30, a quick ratio of 1.06 and a debt-to-equity ratio of 1.02.
Merck & Co., Inc. Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, June 15th. Merck & Co., Inc.’s dividend payout ratio (DPR) is 95.77%.
Analyst Upgrades and Downgrades
MRK has been the subject of several recent research reports. Scotiabank increased their target price on shares of Merck & Co., Inc. from $136.00 to $155.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, June 30th. Wall Street Zen cut Merck & Co., Inc. from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. JPMorgan Chase & Co. lifted their target price on shares of Merck & Co., Inc. from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, April 6th. Zacks Research raised Merck & Co., Inc. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Finally, Bank of America boosted their price target on Merck & Co., Inc. from $130.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.72.
View Our Latest Stock Report on Merck & Co., Inc.
Merck & Co., Inc. News Summary
Here are the key news stories impacting Merck & Co., Inc. this week:
- Positive Sentiment: The FDA approved KEYTRUDA and KEYTRUDA QLEX, each combined with Padcev, for use before and after surgery in adults with muscle-invasive bladder cancer. This expands Merck’s flagship oncology franchise and could add to future revenue. Article Title
- Positive Sentiment: Analyst sentiment remains constructive, with Morgan Stanley slightly raising its price target and RBC Capital reiterating a Buy rating. That suggests Wall Street still sees upside despite the stock’s recent run. Article Title
- Positive Sentiment: Merck continues to attract investor attention thanks to strong year-to-date performance, a solid dividend yield, and a long record of dividend growth, which may support demand for the shares. Article Title
- Neutral Sentiment: Recent coverage also notes Merck is one of the more widely watched healthcare names on Zacks, but these mentions do not appear to add any new fundamental catalyst on their own. Article Title
- Negative Sentiment: Despite the upbeat news flow, the shares also face ongoing valuation and post-KEYTRUDA exclusivity concerns, which may limit upside if investors focus on Merck’s long-term patent risk. Article Title
About Merck & Co., Inc.
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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