Traders Buy Shares of Merck & Company, Inc. (MRK) on Weakness
Traders purchased shares of Merck & Company, Inc. (NYSE:MRK) on weakness during trading hours on Tuesday. $105.76 million flowed into the stock on the tick-up and $55.04 million flowed out of the stock on the tick-down, for a money net flow of $50.72 million into the stock. Of all equities tracked, Merck & had the 13th highest net in-flow for the day. Merck & traded down ($0.21) for the day and closed at $63.62
Several brokerages recently commented on MRK. Credit Suisse Group set a $72.00 price target on Merck & and gave the stock a “buy” rating in a research report on Tuesday, June 6th. BidaskClub cut Merck & from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Vetr cut Merck & from a “strong-buy” rating to a “buy” rating and set a $69.99 price target for the company. in a research report on Wednesday, May 17th. Zacks Investment Research upgraded Merck & from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Wednesday, May 10th. Finally, Cowen and Company reiterated a “hold” rating and set a $70.00 price target on shares of Merck & in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Merck & currently has an average rating of “Hold” and a consensus price target of $69.74.
The company has a market cap of $173.51 billion, a P/E ratio of 34.45 and a beta of 0.81. The stock’s 50 day moving average price is $62.84 and its 200-day moving average price is $63.72.
Merck & (NYSE:MRK) last released its quarterly earnings results on Friday, July 28th. The company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts expect that Merck & Company, Inc. will post $3.88 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, September 14th. Merck &’s payout ratio is currently 76.11%.
Several large investors have recently bought and sold shares of MRK. Krilogy Financial LLC grew its holdings in Merck & by 0.4% in the 2nd quarter. Krilogy Financial LLC now owns 3,129 shares of the company’s stock worth $201,000 after buying an additional 11 shares in the last quarter. HM Capital Management LLC grew its holdings in Merck & by 0.4% in the 1st quarter. HM Capital Management LLC now owns 3,734 shares of the company’s stock worth $236,000 after buying an additional 15 shares in the last quarter. Balentine LLC grew its holdings in Merck & by 1.0% in the 2nd quarter. Balentine LLC now owns 2,107 shares of the company’s stock worth $135,000 after buying an additional 20 shares in the last quarter. RB Capital Management LLC grew its holdings in Merck & by 0.5% in the 2nd quarter. RB Capital Management LLC now owns 4,587 shares of the company’s stock worth $294,000 after buying an additional 23 shares in the last quarter. Finally, Baystate Wealth Management LLC grew its holdings in Merck & by 0.4% in the 2nd quarter. Baystate Wealth Management LLC now owns 6,470 shares of the company’s stock worth $405,000 after buying an additional 27 shares in the last quarter. 73.02% of the stock is owned by institutional investors.
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About Merck &
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.
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