Merck & Co., Inc. $MRK Position Lessened by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA lowered its position in Merck & Co., Inc. (NYSE:MRKFree Report) by 75.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,173 shares of the company’s stock after selling 149,889 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Merck & Co., Inc. were worth $4,043,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Little House Capital LLC boosted its holdings in shares of Merck & Co., Inc. by 1.2% during the 2nd quarter. Little House Capital LLC now owns 25,236 shares of the company’s stock worth $1,998,000 after buying an additional 308 shares during the period. Caxton Associates LLP raised its holdings in Merck & Co., Inc. by 23.3% in the 2nd quarter. Caxton Associates LLP now owns 39,421 shares of the company’s stock worth $3,121,000 after acquiring an additional 7,458 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in Merck & Co., Inc. by 9.8% during the 2nd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 888,415 shares of the company’s stock worth $70,327,000 after acquiring an additional 79,529 shares during the last quarter. Amplius Wealth Advisors LLC boosted its holdings in Merck & Co., Inc. by 117.4% during the second quarter. Amplius Wealth Advisors LLC now owns 6,165 shares of the company’s stock valued at $488,000 after acquiring an additional 3,329 shares during the period. Finally, Diversified Trust Co increased its stake in shares of Merck & Co., Inc. by 3.8% in the second quarter. Diversified Trust Co now owns 189,651 shares of the company’s stock worth $15,013,000 after purchasing an additional 6,930 shares during the period. Institutional investors and hedge funds own 76.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MRK. The Goldman Sachs Group increased their target price on Merck & Co., Inc. from $92.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. BMO Capital Markets raised Merck & Co., Inc. from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $82.00 to $130.00 in a research report on Thursday. Wells Fargo & Company upgraded shares of Merck & Co., Inc. from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $90.00 to $125.00 in a research note on Monday, November 24th. Citigroup began coverage on shares of Merck & Co., Inc. in a research note on Monday, October 13th. They set a “neutral” rating and a $95.00 target price for the company. Finally, Berenberg Bank downgraded shares of Merck & Co., Inc. from a “buy” rating to a “hold” rating and reduced their price target for the company from $100.00 to $90.00 in a report on Wednesday, September 17th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $110.13.

Check Out Our Latest Stock Analysis on MRK

Merck & Co., Inc. Trading Up 0.2%

Shares of MRK opened at $100.92 on Monday. Merck & Co., Inc. has a 1 year low of $73.31 and a 1 year high of $105.84. The company has a current ratio of 1.66, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. The stock has a 50 day simple moving average of $93.36 and a 200-day simple moving average of $86.24. The stock has a market cap of $250.49 billion, a PE ratio of 13.33, a PEG ratio of 0.98 and a beta of 0.29.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last announced its quarterly earnings results on Friday, January 30th. The company reported $1.94 EPS for the quarter. Merck & Co., Inc. had a return on equity of 44.54% and a net margin of 29.63%. On average, sell-side analysts predict that Merck & Co., Inc. will post 9.01 EPS for the current fiscal year.

Merck & Co., Inc. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Monday, December 15th will be given a dividend of $0.85 per share. This is an increase from Merck & Co., Inc.’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, December 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.4%. Merck & Co., Inc.’s dividend payout ratio is 44.91%.

Insider Transactions at Merck & Co., Inc.

In related news, EVP David Michael Williams sold 8,614 shares of Merck & Co., Inc. stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $83.59, for a total transaction of $720,044.26. Following the completion of the transaction, the executive vice president directly owned 24,578 shares of the company’s stock, valued at $2,054,475.02. This trade represents a 25.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by corporate insiders.

Merck & Co., Inc. News Roundup

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

Merck & Co., Inc. Company 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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