BNP Paribas reduced its position in shares of Merck & Co., Inc. (NYSE:MRK – Free Report) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,531 shares of the company’s stock after selling 17,542 shares during the period. BNP Paribas’ holdings in Merck & Co., Inc. were worth $7,637,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Merck & Co., Inc. by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 254,322,763 shares of the company’s stock valued at $26,770,014,000 after purchasing an additional 2,185,853 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Merck & Co., Inc. by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 60,047,984 shares of the company’s stock worth $6,307,572,000 after buying an additional 249,110 shares in the last quarter. DLD Asset Management LP increased its holdings in shares of Merck & Co., Inc. by 30.1% during the third quarter. DLD Asset Management LP now owns 47,500,000 shares of the company’s stock worth $3,986,675,000 after buying an additional 11,000,000 shares in the last quarter. Norges Bank acquired a new position in shares of Merck & Co., Inc. during the fourth quarter worth $3,997,933,000. Finally, Fisher Asset Management LLC increased its holdings in shares of Merck & Co., Inc. by 3.3% during the fourth quarter. Fisher Asset Management LLC now owns 24,873,327 shares of the company’s stock worth $2,618,166,000 after buying an additional 805,201 shares in the last quarter. 76.07% of the stock is currently owned by institutional investors and hedge funds.
Merck & Co., Inc. Trading Down 2.9%
MRK opened at $115.28 on Tuesday. Merck & Co., Inc. has a fifty-two week low of $75.40 and a fifty-two week high of $125.14. The firm has a market capitalization of $284.72 billion, a PE ratio of 32.47, a P/E/G ratio of 2.67 and a beta of 0.18. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.30 and a quick ratio of 1.06. The company’s 50-day moving average is $116.42 and its 200 day moving average is $111.81.
Merck & Co., Inc. Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be paid a $0.85 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.40 annualized dividend and a yield of 2.9%. Merck & Co., Inc.’s dividend payout ratio (DPR) is 95.77%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Merck & Co., Inc. from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Friday, February 13th. Barclays initiated coverage on shares of Merck & Co., Inc. in a research note on Friday, February 20th. They issued an “overweight” rating and a $140.00 price objective on the stock. Wells Fargo & Company cut their price target on shares of Merck & Co., Inc. from $150.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Weiss Ratings cut shares of Merck & Co., Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Finally, Guggenheim upped their price target on shares of Merck & Co., Inc. from $122.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.18.
Merck & Co., Inc. Company Profile
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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