Mutual Advisors LLC Sells 4,538 Shares of Merck & Co., Inc. $MRK

Mutual Advisors LLC decreased its position in Merck & Co., Inc. (NYSE:MRKFree Report) by 5.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,966 shares of the company’s stock after selling 4,538 shares during the quarter. Mutual Advisors LLC’s holdings in Merck & Co., Inc. were worth $6,797,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. DLD Asset Management LP bought a new position in Merck & Co., Inc. in the second quarter valued at $2,889,340,000. Norges Bank acquired a new position in shares of Merck & Co., Inc. during the 2nd quarter worth about $2,858,570,000. Franklin Resources Inc. boosted its stake in shares of Merck & Co., Inc. by 23.5% during the 2nd quarter. Franklin Resources Inc. now owns 27,032,601 shares of the company’s stock worth $2,139,901,000 after buying an additional 5,135,748 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Merck & Co., Inc. by 35.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 19,456,096 shares of the company’s stock valued at $1,540,145,000 after acquiring an additional 5,094,088 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Merck & Co., Inc. by 9.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 53,865,466 shares of the company’s stock valued at $4,263,991,000 after acquiring an additional 4,636,183 shares during the last quarter. 76.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MRK. Wolfe Research upgraded Merck & Co., Inc. from a “peer perform” rating to an “outperform” rating and set a $135.00 target price on the stock in a report on Thursday, January 8th. Scotiabank upped their price objective on Merck & Co., Inc. from $105.00 to $120.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 4th. Wells Fargo & Company raised Merck & Co., Inc. from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $90.00 to $125.00 in a report on Monday, November 24th. UBS Group raised their target price on shares of Merck & Co., Inc. from $105.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, Zacks Research lowered shares of Merck & Co., Inc. from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $114.53.

Read Our Latest Stock Analysis on MRK

Merck & Co., Inc. Stock Performance

MRK opened at $110.24 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.66 and a debt-to-equity ratio of 0.77. Merck & Co., Inc. has a 12-month low of $73.31 and a 12-month high of $112.90. The business has a 50 day moving average of $105.20 and a 200-day moving average of $92.00. The stock has a market cap of $273.62 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.55 and a beta of 0.28.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.14). Merck & Co., Inc. had a net margin of 29.63% and a return on equity of 44.54%. On average, equities research analysts expect that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, March 16th. Merck & Co., Inc.’s dividend payout ratio (DPR) is currently 44.91%.

Key Headlines Impacting Merck & Co., Inc.

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

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.

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

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