Vise Technologies Inc. grew its holdings in shares of Merck & Co., Inc. (NYSE:MRK – Free Report) by 50.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,677 shares of the company’s stock after acquiring an additional 37,158 shares during the period. Vise Technologies Inc.’s holdings in Merck & Co., Inc. were worth $11,650,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Merck & Co., Inc. by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 254,322,763 shares of the company’s stock worth $26,770,014,000 after purchasing an additional 2,185,853 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Merck & Co., Inc. by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 60,047,984 shares of the company’s stock worth $6,307,572,000 after purchasing an additional 249,110 shares in the last quarter. DLD Asset Management LP boosted its position in shares of Merck & Co., Inc. by 30.1% during the 3rd quarter. DLD Asset Management LP now owns 47,500,000 shares of the company’s stock worth $3,986,675,000 after purchasing an additional 11,000,000 shares in the last quarter. Norges Bank bought a new position in shares of Merck & Co., Inc. during the 4th quarter worth about $3,997,933,000. Finally, Fisher Asset Management LLC boosted its position in shares of Merck & Co., Inc. by 3.3% during the 4th quarter. Fisher Asset Management LLC now owns 24,873,327 shares of the company’s stock worth $2,618,166,000 after purchasing an additional 805,201 shares in the last quarter. Institutional investors own 76.07% of the company’s stock.
Merck & Co., Inc. Price Performance
Shares of NYSE MRK opened at $120.23 on Friday. Merck & Co., Inc. has a fifty-two week low of $76.66 and a fifty-two week high of $125.14. The stock has a market cap of $296.95 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 2.58 and a beta of 0.21. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.06 and a current ratio of 1.30. The firm’s 50-day simple moving average is $116.52 and its 200 day simple moving average is $112.32.
Merck & Co., Inc. Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be given a $0.85 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.40 annualized dividend and a yield of 2.8%. Merck & Co., Inc.’s dividend payout ratio (DPR) is presently 95.77%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on MRK shares. Royal Bank Of Canada reissued an “outperform” rating and set a $142.00 price objective on shares of Merck & Co., Inc. in a research report on Monday, March 30th. Wall Street Zen cut shares of Merck & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. UBS Group increased their price objective on shares of Merck & Co., Inc. from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Wells Fargo & Company cut their price objective 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of Merck & Co., Inc. from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $128.18.
Check Out Our Latest Analysis on Merck & Co., Inc.
Merck & Co., Inc. 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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