Mediolanum International Funds Ltd Raises Position in Merck & Co., Inc. $MRK

Mediolanum International Funds Ltd boosted its position in shares of Merck & Co., Inc. (NYSE:MRKFree Report) by 37.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 897,288 shares of the company’s stock after buying an additional 246,759 shares during the period. Merck & Co., Inc. accounts for about 0.7% of Mediolanum International Funds Ltd’s portfolio, making the stock its 22nd largest holding. Mediolanum International Funds Ltd’s holdings in Merck & Co., Inc. were worth $70,509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Darwin Wealth Management LLC boosted its stake in Merck & Co., Inc. by 237.4% during the third quarter. Darwin Wealth Management LLC now owns 307 shares of the company’s stock worth $26,000 after buying an additional 216 shares during the last quarter. Kilter Group LLC purchased a new position in shares of Merck & Co., Inc. during the 2nd quarter worth $27,000. Bare Financial Services Inc boosted its position 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 valued at $29,000 after acquiring an additional 125 shares during the last quarter. Barnes Dennig Private Wealth Management LLC boosted its position 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 valued at $30,000 after acquiring an additional 266 shares during the last quarter. Finally, Evolution Wealth Management Inc. purchased a new stake in shares of Merck & Co., Inc. in the second quarter valued at about $31,000. Hedge funds and other institutional investors own 76.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Merck & Co., Inc. from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, January 27th. BMO Capital Markets upgraded Merck & Co., Inc. from a “market perform” rating to an “outperform” rating and raised their target price for the company from $82.00 to $130.00 in a report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Merck & Co., Inc. in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft increased their price target on Merck & Co., Inc. from $110.00 to $111.00 and gave the company a “hold” rating in a research report on Tuesday, November 18th. Finally, Zacks Research lowered shares of Merck & Co., Inc. from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $114.53.

View Our Latest Analysis on MRK

Insider Activity at Merck & Co., Inc.

In other news, EVP David Michael Williams sold 8,614 shares of Merck & Co., Inc. stock in a transaction dated Monday, November 3rd. The shares were 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 of the company’s stock, valued at $2,054,475.02. The trade was a 25.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

Merck & Co., Inc. News Roundup

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

Merck & Co., Inc. Price Performance

MRK stock 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 business has a 50 day simple moving average of $105.20 and a 200-day simple moving average of $91.94. 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 twelve month low of $73.31 and a twelve month high of $112.90.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.14). Merck & Co., Inc. had a net margin of 29.63% and a return on equity of 44.54%. As a group, equities analysts anticipate that Merck & Co., Inc. will post 9.01 EPS for the current year.

Merck & Co., Inc. Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 3.1%. Merck & Co., Inc.’s dividend payout ratio (DPR) is currently 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.

See Also

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

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