Thomas Story & Son LLC Acquires 22,173 Shares of Merck & Co., Inc. $MRK

Thomas Story & Son LLC increased its holdings in Merck & Co., Inc. (NYSE:MRKFree Report) by 40.6% in the third quarter, Holdings Channel.com reports. The firm owned 76,733 shares of the company’s stock after acquiring an additional 22,173 shares during the period. Merck & Co., Inc. makes up approximately 2.4% of Thomas Story & Son LLC’s investment portfolio, making the stock its 20th biggest position. Thomas Story & Son LLC’s holdings in Merck & Co., Inc. were worth $6,440,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Legend Financial Advisors Inc. purchased a new stake in Merck & Co., Inc. during the second quarter valued at about $25,000. Kilter Group LLC bought a new stake in shares of Merck & Co., Inc. in the 2nd quarter valued at about $27,000. Bare Financial Services Inc boosted its holdings in 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. CBIZ Investment Advisory Services LLC boosted its holdings in Merck & Co., Inc. by 141.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 377 shares of the company’s stock valued at $34,000 after acquiring an additional 221 shares during the period. Finally, Evolution Wealth Management Inc. bought a new position in Merck & Co., Inc. during the 2nd quarter worth approximately $31,000. Institutional investors own 76.07% of the company’s stock.

Insider Buying and Selling at Merck & Co., Inc.

In other news, EVP David Michael Williams sold 8,614 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $83.59, for a total value of $720,044.26. Following the sale, the executive vice president directly owned 24,578 shares of the company’s stock, valued at $2,054,475.02. The trade was a 25.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Merck & Co., Inc. News Summary

Here are the key news stories impacting Merck & Co., Inc. this week:

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Scotiabank increased their price objective on Merck & Co., Inc. from $105.00 to $120.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 4th. Wall Street Zen raised shares of Merck & Co., Inc. from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Citigroup assumed coverage on shares of Merck & Co., Inc. in a report on Monday, October 13th. They issued a “neutral” rating and a $95.00 price target on the stock. Bank of America boosted their price objective on shares of Merck & Co., Inc. from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Finally, The Goldman Sachs Group increased their target price on shares of Merck & Co., Inc. from $92.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $110.13.

Read Our Latest Analysis on Merck & Co., Inc.

Merck & Co., Inc. Stock Performance

Merck & Co., Inc. stock opened at $100.92 on Monday. Merck & Co., Inc. has a fifty-two week low of $73.31 and a fifty-two week high of $105.84. The stock’s 50 day simple moving average is $93.36 and its two-hundred day simple moving average is $86.24. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.66. The stock has a market cap of $250.49 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.98 and a beta of 0.29.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last released its quarterly earnings results on Friday, January 30th. The company reported $1.94 earnings per share for the quarter. Merck & Co., Inc. had a return on equity of 44.54% and a net margin of 29.63%. As a group, analysts expect that Merck & Co., Inc. will post 9.01 earnings per share for the current fiscal year.

Merck & Co., Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Monday, December 15th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 3.4%. This is a boost from Merck & Co., Inc.’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, December 15th. Merck & Co., Inc.’s dividend payout ratio is currently 44.91%.

Merck & Co., Inc. Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Merck & Co., Inc. (NYSE:MRK)

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