Traders Sell Merck & Company, Inc. (MRK) on Strength (MRK)
Investors sold shares of Merck & Company, Inc. (NYSE:MRK) on strength during trading hours on Tuesday. $82.08 million flowed into the stock on the tick-up and $219.93 million flowed out of the stock on the tick-down, for a money net flow of $137.85 million out of the stock. Of all equities tracked, Merck & had the 0th highest net out-flow for the day. Merck & traded up $0.17 for the day and closed at $54.27
A number of equities analysts have recently weighed in on MRK shares. BMO Capital Markets reissued a “buy” rating and set a $72.00 price target on shares of Merck & in a research report on Friday, September 8th. UBS Group AG lifted their price target on shares of Merck & from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Piper Jaffray Companies set a $70.00 price target on shares of Merck & and gave the stock a “buy” rating in a research report on Saturday, July 29th. Citigroup Inc. raised shares of Merck & from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Wednesday, October 18th. Finally, J P Morgan Chase & Co set a $70.00 price target on shares of Merck & and gave the stock a “buy” rating in a research report on Sunday, October 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $66.87.
The company has a current ratio of 1.43, a quick ratio of 1.16 and a debt-to-equity ratio of 0.57. The stock has a market cap of $147,855.20, a P/E ratio of 13.95, a PEG ratio of 2.34 and a beta of 0.78.
Merck & (NYSE:MRK) last issued its quarterly earnings results on Friday, October 27th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.08. The firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.54 billion. Merck & had a net margin of 11.60% and a return on equity of 27.08%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. equities analysts expect that Merck & Company, Inc. will post 3.95 earnings per share for the current fiscal year.
In other news, Director Thomas H. Glocer sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $56.20, for a total transaction of $281,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.25% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in MRK. Janus Henderson Group PLC increased its stake in shares of Merck & by 172.3% during the 3rd quarter. Janus Henderson Group PLC now owns 6,705,564 shares of the company’s stock worth $429,347,000 after purchasing an additional 4,243,246 shares during the last quarter. Capital International Investors increased its stake in shares of Merck & by 55.3% during the 3rd quarter. Capital International Investors now owns 9,623,382 shares of the company’s stock worth $616,185,000 after purchasing an additional 3,428,400 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Merck & by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 194,144,317 shares of the company’s stock worth $12,442,709,000 after purchasing an additional 3,312,459 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Merck & by 95,700.4% during the 3rd quarter. Stifel Financial Corp now owns 3,281,163 shares of the company’s stock worth $210,016,000 after purchasing an additional 3,277,738 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its stake in shares of Merck & by 415.5% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 3,560,465 shares of the company’s stock worth $227,977,000 after purchasing an additional 2,869,844 shares during the last quarter. Institutional investors own 72.98% of the company’s stock.
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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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