Merck & Co., Inc. $MRK Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its holdings in Merck & Co., Inc. (NYSE:MRKFree Report) by 9.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 252,909 shares of the company’s stock after purchasing an additional 21,396 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Merck & Co., Inc. were worth $22,642,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MRK. Darwin Wealth Management LLC grew its position in Merck & Co., Inc. by 237.4% in the 3rd quarter. Darwin Wealth Management LLC now owns 307 shares of the company’s stock valued at $26,000 after buying an additional 216 shares in the last quarter. Kilter Group LLC bought a new stake in shares of Merck & Co., Inc. during the 2nd quarter worth about $27,000. Bare Financial Services Inc lifted its stake in shares of Merck & Co., Inc. by 51.9% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the company’s stock worth $29,000 after acquiring an additional 125 shares during the period. Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of Merck & Co., Inc. by 302.3% in the third 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 in the last quarter. Finally, Evolution Wealth Management Inc. acquired a new position in shares of Merck & Co., Inc. during the second quarter valued at approximately $31,000. 76.07% of the stock is owned by institutional investors and hedge funds.

Merck & Co., Inc. News Roundup

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

Analyst Ratings Changes

MRK has been the topic of several recent analyst reports. UBS Group boosted their target price on Merck & Co., Inc. from $105.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Zacks Research cut Merck & Co., Inc. from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. Wall Street Zen lowered Merck & Co., Inc. from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. TD Cowen raised their target price on Merck & Co., Inc. from $100.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Finally, Citigroup lifted their target price on Merck & Co., Inc. from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Merck & Co., Inc. currently has an average rating of “Hold” and an average price target of $114.53.

View Our Latest Report on MRK

Insider Activity

In other news, EVP David Michael Williams sold 8,614 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $83.59, for a total transaction of $720,044.26. Following the sale, the executive vice president owned 24,578 shares in the company, valued at $2,054,475.02. The trade was a 25.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

Merck & Co., Inc. Stock Up 1.3%

Shares of Merck & Co., Inc. stock opened at $108.25 on Friday. Merck & Co., Inc. has a 12-month low of $73.31 and a 12-month high of $112.90. The firm has a market capitalization of $268.68 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.43 and a beta of 0.29. The company has a quick ratio of 1.44, a current ratio of 1.66 and a debt-to-equity ratio of 0.77. The stock’s fifty day moving average is $104.95 and its 200-day moving average is $91.68.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last issued 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 return on equity of 44.54% and a net margin of 29.63%. Equities analysts anticipate that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Dividend Announcement

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

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.

Further Reading

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

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