Diversify Wealth Management LLC lifted its holdings in shares of Merck & Co., Inc. (NYSE:MRK – Free Report) by 241.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,577 shares of the company’s stock after buying an additional 18,800 shares during the period. Diversify Wealth Management LLC’s holdings in Merck & Co., Inc. were worth $2,949,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of MRK. D.A. Davidson & CO. grew its position in Merck & Co., Inc. by 4.4% during the fourth quarter. D.A. Davidson & CO. now owns 576,959 shares of the company’s stock valued at $60,731,000 after buying an additional 24,576 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Merck & Co., Inc. by 48.9% in the fourth quarter. Farther Finance Advisors LLC now owns 97,818 shares of the company’s stock worth $10,296,000 after purchasing an additional 32,114 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Merck & Co., Inc. by 12.7% in the third quarter. Coldstream Capital Management Inc. now owns 123,366 shares of the company’s stock worth $10,364,000 after purchasing an additional 13,940 shares during the period. Campbell Capital Management Inc. purchased a new stake in shares of Merck & Co., Inc. in the third quarter worth $1,866,000. Finally, Norris Perne & French LLP MI increased its stake in shares of Merck & Co., Inc. by 12.8% in the fourth quarter. Norris Perne & French LLP MI now owns 252,162 shares of the company’s stock worth $26,543,000 after purchasing an additional 28,635 shares in the last quarter. 76.07% of the stock is currently owned by institutional investors.
Merck & Co., Inc. Price Performance
MRK stock opened at $123.93 on Tuesday. Merck & Co., Inc. has a one year low of $76.66 and a one year high of $130.29. The company’s fifty day moving average price is $119.12 and its 200-day moving average price is $116.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.06 and a current ratio of 1.30. The company has a market capitalization of $306.09 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 2.65 and a beta of 0.19.
Merck & Co., Inc. Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 15th. Merck & Co., Inc.’s dividend payout ratio is 95.77%.
Analysts Set New Price Targets
MRK has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Merck & Co., Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Scotiabank upped their target price on shares of Merck & Co., Inc. from $136.00 to $155.00 and gave the stock a “sector outperform” rating in a report on Tuesday, June 30th. UBS Group increased their price target on Merck & Co., Inc. from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. BMO Capital Markets raised their price target on Merck & Co., Inc. from $135.00 to $142.00 and gave the company an “outperform” rating in a report on Monday. Finally, Morgan Stanley boosted their price objective on Merck & Co., Inc. from $112.00 to $113.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $133.94.
Check Out Our Latest Stock Analysis on MRK
Merck & Co., Inc. News Roundup
Here are the key news stories impacting Merck & Co., Inc. this week:
- Positive Sentiment: The FDA expanded approval for Merck’s Keytruda, in combination with Pfizer’s Padcev, for use in muscle-invasive bladder cancer regardless of cisplatin eligibility, potentially expanding the market opportunity for one of Merck’s most important cancer drugs. FDA Expands MRK & PFE’s Keytruda-Padcev Combo Use in Bladder Cancer
- Positive Sentiment: JPMorgan, BMO Capital Markets, and Guggenheim all raised their price targets on Merck and maintained bullish ratings, signaling improved Wall Street confidence in MRK’s upside. Analyst price target updates
- Positive Sentiment: Commentary highlighting Merck as a bargain and the stock’s recent attention in the S&P 500 focus list may be adding to investor optimism around the shares. Merck (MRK) Stock Looks Like A Bargain At This Price
- Neutral Sentiment: There was also discussion of Merck’s Januvia/Janumet franchise as a benchmark in a generic drug partnership story, but this appears to be more contextual than a direct new catalyst for MRK today. Cosmos Health Accelerates Prescription Medicine Strategy…
- Negative Sentiment: Retail chatter continues to focus on Merck’s looming Keytruda patent cliff, which remains a longer-term risk even as near-term news flow is positive. SLS Vs MLTX: Retail Traders Race To Pick Merck’s Next Biotech Buyout…
About Merck & Co., Inc.
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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