Welch & Forbes LLC Sells 4,855 Shares of Merck & Co., Inc. $MRK

Welch & Forbes LLC trimmed its holdings in shares of Merck & Co., Inc. (NYSE:MRKFree Report) by 1.5% during the 3rd quarter, Holdings Channel reports. The fund owned 326,753 shares of the company’s stock after selling 4,855 shares during the period. Welch & Forbes LLC’s holdings in Merck & Co., Inc. were worth $27,424,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Darwin Wealth Management LLC boosted 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 valued at $26,000 after acquiring an additional 216 shares in the last quarter. Kilter Group LLC purchased a new stake in shares of Merck & Co., Inc. during the 2nd quarter worth $27,000. Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Merck & Co., Inc. by 302.3% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 354 shares of the company’s stock worth $30,000 after purchasing an additional 266 shares during the last quarter. Bare Financial Services Inc lifted its stake in shares of Merck & Co., Inc. by 51.9% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the company’s stock worth $29,000 after purchasing an additional 125 shares during the last quarter. Finally, Evolution Wealth Management Inc. bought a new stake in Merck & Co., Inc. during the second quarter valued at about $31,000. Institutional investors own 76.07% of the company’s stock.

Insider Buying and Selling

In related news, EVP David Michael Williams sold 8,614 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $83.59, for a total value of $720,044.26. Following the sale, the executive vice president owned 24,578 shares in the company, valued at $2,054,475.02. This represents a 25.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Merck & Co., Inc. Trading Up 1.8%

NYSE:MRK opened at $110.24 on Friday. The company has a market capitalization of $273.62 billion, a P/E ratio of 14.56, a PEG ratio of 1.52 and a beta of 0.29. The company has a current ratio of 1.66, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. Merck & Co., Inc. has a 12 month low of $73.31 and a 12 month high of $112.90. The firm has a fifty day simple moving average of $105.20 and a 200-day simple moving average of $91.87.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last released its 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, equities research 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. Investors of record on Monday, March 16th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.1%. Merck & Co., Inc.’s payout ratio is 44.91%.

Analyst Ratings Changes

A number of equities analysts have commented on MRK shares. Wall Street Zen upgraded shares of Merck & Co., Inc. from a “buy” rating to a “strong-buy” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Merck & Co., Inc. from $110.00 to $111.00 and gave the stock a “hold” rating in a research note on Tuesday, November 18th. Morgan Stanley increased their target price on shares of Merck & Co., Inc. from $100.00 to $102.00 and gave the company an “equal weight” rating in a research report on Friday, December 12th. Wolfe Research raised shares of Merck & Co., Inc. from a “peer perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a report on Thursday, January 8th. Finally, Citigroup increased their price objective on Merck & Co., Inc. from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday. 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. presently has a consensus rating of “Hold” and an average target price of $114.53.

View Our Latest Report on MRK

Trending Headlines about Merck & Co., Inc.

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.

Recommended Stories

Want to see what other hedge funds are holding MRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merck & Co., Inc. (NYSE:MRKFree Report).

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

Receive News & Ratings for Merck & Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merck & Co. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.