First National Bank of Omaha acquired a new stake in shares of Merck & Co., Inc. (NYSE:MRK – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,815 shares of the company’s stock, valued at approximately $2,754,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Merck & Co., Inc. by 29.5% in the fourth quarter. Brighton Jones LLC now owns 38,278 shares of the company’s stock worth $3,808,000 after acquiring an additional 8,710 shares during the period. Sivia Capital Partners LLC lifted its position in Merck & Co., Inc. by 52.2% during the second quarter. Sivia Capital Partners LLC now owns 11,494 shares of the company’s stock valued at $910,000 after purchasing an additional 3,941 shares during the period. St. Johns Investment Management Company LLC boosted its holdings in Merck & Co., Inc. by 1.7% in the second quarter. St. Johns Investment Management Company LLC now owns 16,695 shares of the company’s stock valued at $1,322,000 after purchasing an additional 275 shares during the last quarter. Retirement Planning Group LLC grew its position in Merck & Co., Inc. by 3.8% during the 2nd quarter. Retirement Planning Group LLC now owns 4,812 shares of the company’s stock worth $381,000 after purchasing an additional 177 shares during the period. Finally, Schulhoff & Co. Inc. lifted its holdings in shares of Merck & Co., Inc. by 2.5% in the 2nd quarter. Schulhoff & Co. Inc. now owns 12,263 shares of the company’s stock valued at $971,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 76.07% of the company’s stock.
Merck & Co., Inc. Price Performance
MRK stock opened at $121.77 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.44. Merck & Co., Inc. has a 1 year low of $73.31 and a 1 year high of $123.33. The firm has a market capitalization of $302.23 billion, a P/E ratio of 16.73, a P/E/G ratio of 2.27 and a beta of 0.28. The business’s 50-day moving average is $109.77 and its two-hundred day moving average is $95.32.
Merck & Co., Inc. Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Monday, March 16th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.40 annualized dividend and a yield of 2.8%. Merck & Co., Inc.’s payout ratio is currently 46.70%.
Analyst Ratings Changes
Several analysts recently commented on the company. Bank of America raised their target price on Merck & Co., Inc. from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, December 15th. TD Cowen raised their price objective on shares of Merck & Co., Inc. from $100.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, January 20th. The Goldman Sachs Group lifted their target price on shares of Merck & Co., Inc. from $92.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. UBS Group upped 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 report on Wednesday, January 7th. Finally, Guggenheim increased their target price on Merck & Co., Inc. from $122.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.71.
View Our Latest Stock Analysis on Merck & Co., Inc.
Insider Transactions at Merck & Co., Inc.
In other Merck & Co., Inc. news, EVP Richard R. Deluca sold 37,685 shares of Merck & Co., Inc. stock in a transaction dated 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 completion of the sale, the executive vice president owned 160,174 shares in the company, valued at $19,368,240.08. The trade was a 19.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jennifer Zachary sold 121,573 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $119.15, for a total value of $14,485,422.95. Following the completion of the transaction, the executive vice president owned 68,916 shares in the company, valued at approximately $8,211,341.40. This trade represents a 63.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 320,176 shares of company stock worth $38,281,735 in the last 90 days. Insiders own 0.13% of the company’s stock.
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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