Wealth Enhancement Advisory Services LLC lifted its stake in Merck & Co., Inc. (NYSE:MRK – Free Report) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,797,434 shares of the company’s stock after purchasing an additional 36,686 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.07% of Merck & Co., Inc. worth $196,036,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Darwin Wealth Management LLC grew its holdings in Merck & Co., Inc. by 237.4% during the third quarter. Darwin Wealth Management LLC now owns 307 shares of the company’s stock valued at $26,000 after purchasing an additional 216 shares during the period. Kilter Group LLC purchased a new position in shares of Merck & Co., Inc. during the 2nd quarter valued at about $27,000. Bare Financial Services Inc grew its stake in shares of Merck & Co., Inc. by 51.9% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the company’s stock valued at $29,000 after acquiring an additional 125 shares during the period. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Merck & Co., Inc. by 302.3% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 354 shares of the company’s stock valued at $30,000 after acquiring an additional 266 shares during the period. Finally, Evolution Wealth Management Inc. purchased a new stake in Merck & Co., Inc. in the 2nd quarter worth approximately $31,000. 76.07% of the stock is owned by institutional investors.
Merck & Co., Inc. Trading Down 0.0%
Shares of MRK opened at $114.17 on Friday. The firm has a market cap of $282.27 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 2.21 and a beta of 0.27. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.54 and a quick ratio of 1.30. Merck & Co., Inc. has a 1 year low of $73.31 and a 1 year high of $125.14. The company has a 50 day simple moving average of $115.81 and a two-hundred day simple moving average of $100.75.
Merck & Co., Inc. Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Monday, March 16th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, March 16th. Merck & Co., Inc.’s dividend payout ratio is 46.70%.
Analyst Ratings Changes
Several equities analysts have weighed in on MRK shares. Citigroup lifted their price target on shares of Merck & Co., Inc. from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Friday. UBS Group increased their price objective on shares of Merck & Co., Inc. from $105.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Bank of America lifted 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. TD Cowen upped their target price on shares of Merck & Co., Inc. from $100.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. Finally, Wall Street Zen lowered Merck & Co., Inc. from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.13.
View Our Latest Stock Report on Merck & Co., Inc.
Insider Activity
In other Merck & Co., Inc. news, EVP Richard R. Deluca sold 37,685 shares of Merck & Co., Inc. stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $120.92, for a total value of $4,556,870.20. Following the sale, the executive vice president owned 160,174 shares of the company’s stock, valued at $19,368,240.08. The trade was a 19.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Caroline Litchfield sold 41,997 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $119.61, for a total transaction of $5,023,261.17. Following the completion of the transaction, the chief financial officer directly owned 90,192 shares of the company’s stock, valued at approximately $10,787,865.12. This trade represents a 31.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 320,176 shares of company stock valued at $38,281,735. 0.13% of the stock is owned by corporate insiders.
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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