AE Wealth Management LLC Has $21.40 Million Stock Position in Merck & Co., Inc. $MRK

AE Wealth Management LLC lifted its stake in Merck & Co., Inc. (NYSE:MRKFree Report) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 254,988 shares of the company’s stock after purchasing an additional 15,398 shares during the period. AE Wealth Management LLC’s holdings in Merck & Co., Inc. were worth $21,401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MRK. Dakota Community Bank & Trust NA boosted its stake in Merck & Co., Inc. by 3.4% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 3,566 shares of the company’s stock worth $299,000 after acquiring an additional 116 shares during the last quarter. Security National Bank of Sioux City Iowa IA raised its holdings in Merck & Co., Inc. by 3.6% in the third quarter. Security National Bank of Sioux City Iowa IA now owns 3,402 shares of the company’s stock worth $286,000 after purchasing an additional 119 shares during the period. Investors Research Corp boosted its position in shares of Merck & Co., Inc. by 1.3% during the third quarter. Investors Research Corp now owns 9,325 shares of the company’s stock worth $783,000 after purchasing an additional 120 shares in the last quarter. Trust Point Inc. grew its holdings in shares of Merck & Co., Inc. by 0.8% in the 3rd quarter. Trust Point Inc. now owns 14,834 shares of the company’s stock valued at $1,245,000 after buying an additional 120 shares during the period. Finally, Nicolet Bankshares Inc. grew its holdings in shares of Merck & Co., Inc. by 2.0% in the 2nd quarter. Nicolet Bankshares Inc. now owns 6,169 shares of the company’s stock valued at $488,000 after buying an additional 121 shares during the period. Institutional investors own 76.07% of the company’s stock.

Insider Activity

In related news, EVP David Michael Williams sold 8,614 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was 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 approximately $2,054,475.02. This represents a 25.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MRK shares. Deutsche Bank Aktiengesellschaft lifted their target price on Merck & Co., Inc. from $110.00 to $111.00 and gave the stock a “hold” rating in a report on Tuesday, November 18th. Wolfe Research raised Merck & Co., Inc. from a “peer perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a research report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Merck & Co., Inc. in a research report on Monday, December 29th. Wells Fargo & Company raised Merck & Co., Inc. from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $90.00 to $125.00 in a research note on Monday, November 24th. Finally, Scotiabank lifted their price target on shares of 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. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $114.53.

Check Out Our Latest Stock Analysis on MRK

Merck & Co., Inc. Price Performance

Shares of MRK opened at $108.25 on Friday. 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 twelve month low of $73.31 and a twelve month high of $112.90. The stock has a market capitalization of $268.68 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.43 and a beta of 0.29. The company has a 50 day moving average of $104.95 and a 200-day moving average of $91.68.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last announced its earnings results on Tuesday, February 3rd. The company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.14). Merck & Co., Inc. had a return on equity of 44.54% and a net margin of 29.63%. As a group, equities research analysts forecast that Merck & Co., Inc. will post 9.01 EPS for the current fiscal year.

Merck & Co., Inc. Announces Dividend

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

Merck & Co., Inc. News Roundup

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

About Merck & Co., Inc.

(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.

See Also

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

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