UMB Bank n.a. Trims Position in Merck & Co., Inc. $MRK

UMB Bank n.a. cut its stake in shares of Merck & Co., Inc. (NYSE:MRKFree Report) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,477 shares of the company’s stock after selling 8,099 shares during the period. UMB Bank n.a.’s holdings in Merck & Co., Inc. were worth $10,112,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. DLD Asset Management LP purchased a new position in shares of Merck & Co., Inc. during the 2nd quarter valued at $2,889,340,000. Norges Bank purchased a new stake in shares of Merck & Co., Inc. in the second quarter worth $2,858,570,000. Franklin Resources Inc. boosted its stake in Merck & Co., Inc. by 23.5% during the second quarter. Franklin Resources Inc. now owns 27,032,601 shares of the company’s stock valued at $2,139,901,000 after buying an additional 5,135,748 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Merck & Co., Inc. by 35.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 19,456,096 shares of the company’s stock worth $1,540,145,000 after buying an additional 5,094,088 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Merck & Co., Inc. by 9.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 53,865,466 shares of the company’s stock worth $4,263,991,000 after buying an additional 4,636,183 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 $110.24 on Friday. The firm has a market cap of $273.62 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.52 and a beta of 0.29. The firm’s fifty day moving average is $105.20 and its 200 day moving average is $91.94. Merck & Co., Inc. has a 52 week low of $73.31 and a 52 week high of $112.90. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.66.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.14). Merck & Co., Inc. had a return on equity of 44.54% and a net margin of 29.63%. Research analysts predict that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Announces Dividend

The business 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 is Monday, March 16th. This represents a $3.40 annualized dividend and a yield of 3.1%. Merck & Co., Inc.’s dividend payout ratio is currently 44.91%.

Insider Transactions at Merck & Co., Inc.

In other Merck & Co., Inc. news, EVP David Michael Williams sold 8,614 shares of Merck & Co., Inc. 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 transaction, the executive vice president directly owned 24,578 shares of the company’s stock, valued at $2,054,475.02. The trade was a 25.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Key Stories Impacting Merck & Co., Inc.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MRK shares. Wolfe Research raised 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. Zacks Research downgraded shares of Merck & Co., Inc. from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. Morgan Stanley boosted their price target on shares of Merck & Co., Inc. from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Friday, December 12th. Citigroup increased 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. Finally, Bank of America lifted their price objective on shares of Merck & Co., Inc. from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Merck & Co., Inc. presently has an average rating of “Hold” and an average target price of $114.53.

Check Out Our Latest Report on MRK

Merck & Co., Inc. Profile

(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

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

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