111 Capital increased its position in Merck & Co., Inc. (NYSE:MRK – Free Report) by 48.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,391 shares of the company’s stock after buying an additional 6,685 shares during the period. 111 Capital’s holdings in Merck & Co., Inc. were worth $1,711,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Dakota Community Bank & Trust NA grew its position in shares of Merck & Co., Inc. by 3.4% in the third quarter. Dakota Community Bank & Trust NA now owns 3,566 shares of the company’s stock valued at $299,000 after purchasing an additional 116 shares during the last quarter. Security National Bank of Sioux City Iowa IA boosted its stake in Merck & Co., Inc. by 3.6% during the 3rd quarter. Security National Bank of Sioux City Iowa IA now owns 3,402 shares of the company’s stock valued at $286,000 after purchasing an additional 119 shares during the period. Investors Research Corp grew its holdings in Merck & Co., Inc. by 1.3% in the 3rd quarter. Investors Research Corp now owns 9,325 shares of the company’s stock valued at $783,000 after buying an additional 120 shares during the last quarter. Trust Point Inc. lifted its holdings in shares of Merck & Co., Inc. by 0.8% during the third quarter. Trust Point Inc. now owns 14,834 shares of the company’s stock worth $1,245,000 after buying an additional 120 shares during the last quarter. Finally, Washington Trust Advisors Inc. lifted its holdings in shares of Merck & Co., Inc. by 1.4% during the third quarter. Washington Trust Advisors Inc. now owns 8,943 shares of the company’s stock worth $751,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 76.07% of the company’s stock.
Merck & Co., Inc. Price Performance
Merck & Co., Inc. stock opened at $123.45 on Monday. The business’s 50-day simple moving average is $112.93 and its 200 day simple moving average is $97.49. The company has a quick ratio of 1.30, a current ratio of 1.54 and a debt-to-equity ratio of 0.89. The stock has a market cap of $305.22 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 2.40 and a beta of 0.27. Merck & Co., Inc. has a 12-month low of $73.31 and a 12-month high of $125.14.
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 2.8%. Merck & Co., Inc.’s dividend payout ratio (DPR) is presently 46.70%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on MRK. Royal Bank Of Canada began coverage on shares of Merck & Co., Inc. in a research report on Wednesday, February 25th. They set an “outperform” rating and a $142.00 price objective for the company. Deutsche Bank Aktiengesellschaft upgraded Merck & Co., Inc. from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Friday, February 13th. TD Cowen raised their price objective on Merck & Co., Inc. from $100.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Morgan Stanley lifted their price objective on Merck & Co., Inc. from $100.00 to $102.00 and gave the stock an “equal weight” rating in a report on Friday, December 12th. Finally, UBS Group boosted their price objective on Merck & Co., Inc. from $105.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.88.
Check Out Our Latest Stock Analysis on Merck & Co., Inc.
Insiders Place Their Bets
In other Merck & Co., Inc. news, insider Johannes Jacobus Oosthuizen sold 15,000 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $121.87, for a total value of $1,828,050.00. Following the completion of the sale, the insider owned 21,197 shares in the company, valued at $2,583,278.39. This trade represents a 41.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Chirfi Guindo sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $118.41, for a total value of $1,184,100.00. Following the completion of the sale, the chief marketing officer owned 70,615 shares in the company, valued at $8,361,522.15. This represents a 12.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 320,176 shares of company stock valued at $38,281,735 in the last quarter. 0.09% of the stock is currently owned by corporate insiders.
Merck & Co., Inc. Company 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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