IHT Wealth Management LLC increased its holdings in shares of Merck & Co., Inc. (NYSE:MRK – Free Report) by 18.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,634 shares of the company’s stock after purchasing an additional 9,195 shares during the period. IHT Wealth Management LLC’s holdings in Merck & Co., Inc. were worth $6,277,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Kingdom Financial Group LLC. acquired a new stake in Merck & Co., Inc. during the 4th quarter worth $25,000. Prosperity Bancshares Inc acquired a new stake in Merck & Co., Inc. during the 4th quarter worth $26,000. Abound Financial LLC acquired a new stake in Merck & Co., Inc. during the 4th quarter worth $26,000. IFC & Insurance Marketing Inc. acquired a new stake in Merck & Co., Inc. during the 4th quarter worth $31,000. Finally, High Note Wealth LLC boosted its stake in Merck & Co., Inc. by 58.9% during the 4th quarter. High Note Wealth LLC now owns 294 shares of the company’s stock worth $31,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 76.07% of the company’s stock.
Merck & Co., Inc. Stock Up 0.4%
MRK stock opened at $115.67 on Thursday. Merck & Co., Inc. has a one year low of $76.66 and a one year high of $125.14. The stock has a market capitalization of $285.69 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 2.59 and a beta of 0.21. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.06 and a current ratio of 1.30. The company has a fifty day moving average of $116.22 and a 200-day moving average of $113.53.
Merck & Co., Inc. Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be paid a $0.85 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.40 annualized dividend and a dividend yield of 2.9%. Merck & Co., Inc.’s dividend payout ratio (DPR) is 95.77%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on MRK shares. Barclays started coverage on shares of Merck & Co., Inc. in a research note on Friday, February 20th. They set an “overweight” rating and a $140.00 price target for the company. JPMorgan Chase & Co. increased their price target on shares of Merck & Co., Inc. from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, April 6th. Citigroup initiated coverage on shares of Merck & Co., Inc. in a research note on Wednesday, May 6th. They set a “neutral” rating and a $125.00 price target for the company. Zacks Research upgraded shares of Merck & Co., Inc. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Finally, Wall Street Zen upgraded shares of Merck & Co., Inc. from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. One investment 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 stock. Based on data from MarketBeat.com, Merck & Co., Inc. has a consensus rating of “Moderate Buy” and an average target price of $128.18.
Read Our Latest Stock Analysis on MRK
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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