7,118 Shares in Merck & Co., Inc. $MRK Bought by Rakuten Investment Management Inc.
by Tristan Rich · The Markets DailyRakuten Investment Management Inc. bought a new stake in Merck & Co., Inc. (NYSE:MRK – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,118 shares of the company’s stock, valued at approximately $597,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MRK. Darwin Wealth Management LLC increased its position in Merck & Co., Inc. by 237.4% during the 3rd quarter. Darwin Wealth Management LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 216 shares in the last quarter. Kilter Group LLC purchased a new stake in Merck & Co., Inc. during the second quarter worth approximately $27,000. Bare Financial Services Inc increased its position in shares of Merck & Co., Inc. by 51.9% in the second quarter. Bare Financial Services Inc now owns 366 shares of the company’s stock worth $29,000 after acquiring an additional 125 shares in the last quarter. Barnes Dennig Private Wealth Management LLC raised its stake in shares of Merck & Co., Inc. by 302.3% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 354 shares of the company’s stock valued at $30,000 after acquiring an additional 266 shares during the period. Finally, Evolution Wealth Management Inc. acquired a new position in shares of Merck & Co., Inc. during the 2nd quarter valued at $31,000. 76.07% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on MRK. BMO Capital Markets upgraded Merck & Co., Inc. from a “market perform” rating to an “outperform” rating and increased their price target for the company from $82.00 to $130.00 in a report on Thursday, December 18th. Citigroup increased their target price on Merck & Co., Inc. from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group raised their target price on Merck & Co., Inc. from $92.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft upped their price target on Merck & Co., Inc. from $110.00 to $111.00 and gave the stock a “hold” rating in a report on Tuesday, November 18th. Finally, Bank of America increased their price objective on shares of Merck & Co., Inc. from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Eight 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. According to data from MarketBeat.com, Merck & Co., Inc. has an average rating of “Hold” and a consensus target price of $114.20.
Check Out Our Latest Report on MRK
Merck & Co., Inc. Stock Performance
Merck & Co., Inc. stock opened at $108.12 on Friday. Merck & Co., Inc. has a 52 week low of $73.31 and a 52 week high of $112.90. 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 market cap of $268.34 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 1.40 and a beta of 0.29. The stock has a 50 day moving average of $103.94 and a 200-day moving average of $91.07.
Merck & Co., Inc. (NYSE:MRK – Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts expect that Merck & Co., Inc. will post 9.01 EPS for the current fiscal year.
Merck & Co., Inc. Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Monday, December 15th were paid a $0.85 dividend. This is a boost from Merck & Co., Inc.’s previous quarterly dividend of $0.81. The ex-dividend date was Monday, December 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.1%. Merck & Co., Inc.’s dividend payout ratio (DPR) is currently 44.91%.
Insider Activity 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 stock was sold at an average price of $83.59, for a total value of $720,044.26. Following the completion of the transaction, the executive vice president directly owned 24,578 shares in the company, valued at approximately $2,054,475.02. This trade represents a 25.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.
Merck & Co., Inc. 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.
Further Reading
- Five stocks we like better than Merck & Co., Inc.
- How a Family Trust May Be Able To Help Preserve Your Wealth
- Do not delete, read immediately
- Your Signature Is Missing – Act Before It’s Too Late
- The $100 Trillion AI Story No One Is Telling You
- NEW LAW: Congress Approves Setup For Digital Dollar?