Investors Sell Shares of Merck & Company, Inc. (MRK) on Strength (MRK)
Investors sold shares of Merck & Company, Inc. (NYSE:MRK) on strength during trading on Monday. $47.54 million flowed into the stock on the tick-up and $126.67 million flowed out of the stock on the tick-down, for a money net flow of $79.13 million out of the stock. Of all equities tracked, Merck & had the 6th highest net out-flow for the day. Merck & traded up $0.48 for the day and closed at $61.97
A number of analysts have recently issued reports on the stock. HSBC Holdings plc upgraded shares of Merck & from a “reduce” rating to a “hold” rating in a report on Wednesday, August 9th. Jefferies Group LLC reiterated a “sell” rating and issued a $52.00 price objective on shares of Merck & in a report on Sunday. BidaskClub downgraded shares of Merck & from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. UBS AG lifted their price objective on shares of Merck & from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 31st. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $74.00 price objective on shares of Merck & in a report on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Merck & currently has an average rating of “Hold” and an average target price of $69.63.
The company’s 50-day moving average is $62.91 and its 200-day moving average is $63.83. The company has a market cap of $169.01 billion, a PE ratio of 33.55 and a beta of 0.80.
Merck & (NYSE:MRK) last announced its quarterly earnings data on Friday, July 28th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.14. Merck & had a return on equity of 26.02% and a net margin of 17.14%. The company had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same quarter last year, the firm posted $0.93 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Analysts predict that Merck & Company, Inc. will post $3.87 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 15th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, September 14th. Merck &’s dividend payout ratio (DPR) is currently 76.11%.
Large investors have recently made changes to their positions in the company. Sentry Investment Management LLC raised its stake in shares of Merck & by 1.1% in the second quarter. Sentry Investment Management LLC now owns 219,405 shares of the company’s stock valued at $14,062,000 after buying an additional 2,333 shares during the period. WFG Advisors LP raised its stake in shares of Merck & by 16.9% in the second quarter. WFG Advisors LP now owns 13,478 shares of the company’s stock valued at $864,000 after buying an additional 1,946 shares during the period. Toronto Dominion Bank raised its stake in shares of Merck & by 22.4% in the second quarter. Toronto Dominion Bank now owns 1,019,846 shares of the company’s stock valued at $65,359,000 after buying an additional 186,774 shares during the period. Afam Capital Inc. raised its stake in shares of Merck & by 14.5% in the second quarter. Afam Capital Inc. now owns 36,755 shares of the company’s stock valued at $2,356,000 after buying an additional 4,667 shares during the period. Finally, Beaton Management Co. Inc. purchased a new stake in shares of Merck & during the second quarter valued at $1,143,000. 73.46% of the stock is owned by institutional investors.
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Merck & Company Profile
Merck & Co, Inc is a global healthcare company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. It operates through four segments: Pharmaceutical, Animal Health, Healthcare Services and Alliances. The Company’s Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures.