Siemens Fonds Invest GmbH decreased its holdings in shares of Merck & Co., Inc. (NYSE:MRK – Free Report) by 8.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 89,928 shares of the company’s stock after selling 8,667 shares during the period. Merck & Co., Inc. accounts for approximately 0.5% of Siemens Fonds Invest GmbH’s holdings, making the stock its 28th biggest holding. Siemens Fonds Invest GmbH’s holdings in Merck & Co., Inc. were worth $9,538,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Merck & Co., Inc. by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 254,322,763 shares of the company’s stock valued at $26,770,014,000 after buying an additional 2,185,853 shares during the last quarter. State Street Corp boosted its position in Merck & Co., Inc. by 1.6% in the fourth quarter. State Street Corp now owns 120,040,168 shares of the company’s stock valued at $12,737,504,000 after buying an additional 1,859,990 shares during the last quarter. Geode Capital Management LLC boosted its position in Merck & Co., Inc. by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 60,047,984 shares of the company’s stock valued at $6,307,572,000 after buying an additional 249,110 shares during the last quarter. DLD Asset Management LP boosted its position in Merck & Co., Inc. by 30.1% in the third quarter. DLD Asset Management LP now owns 47,500,000 shares of the company’s stock valued at $3,986,675,000 after buying an additional 11,000,000 shares during the last quarter. Finally, Morgan Stanley boosted its position in Merck & Co., Inc. by 0.8% in the fourth quarter. Morgan Stanley now owns 44,946,021 shares of the company’s stock valued at $4,731,018,000 after buying an additional 359,486 shares during the last quarter. Hedge funds and other institutional investors own 76.07% of the company’s stock.
Merck & Co., Inc. Price Performance
Shares of NYSE MRK opened at $115.10 on Wednesday. The business’s 50 day moving average price is $116.32 and its 200 day moving average price is $113.46. The firm has a market cap of $284.27 billion, a P/E ratio of 32.42, a P/E/G ratio of 2.58 and a beta of 0.21. Merck & Co., Inc. has a 52 week low of $76.66 and a 52 week high of $125.14. The company has a quick ratio of 1.06, a current ratio of 1.30 and a debt-to-equity ratio of 1.02.
Merck & Co., Inc. Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, June 15th. Merck & Co., Inc.’s dividend payout ratio is currently 95.77%.
Wall Street Analyst Weigh In
MRK has been the topic of a number of recent research reports. Zacks Research upgraded Merck & Co., Inc. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Weiss Ratings lowered Merck & Co., Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $142.00 target price on shares of Merck & Co., Inc. in a research report on Monday, March 30th. JPMorgan Chase & Co. upped their target price on Merck & Co., Inc. from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, April 6th. Finally, Citigroup initiated coverage on Merck & Co., Inc. in a research report on Wednesday, May 6th. They issued a “neutral” rating and a $125.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $128.18.
View Our Latest Analysis on Merck & Co., Inc.
Merck & Co., Inc. Profile
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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