Foundations Investment Advisors LLC Has $1.55 Million Stock Position in Merck & Co., Inc. $MRK

Foundations Investment Advisors LLC lessened its stake in Merck & Co., Inc. (NYSE:MRKFree Report) by 31.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,426 shares of the company’s stock after selling 8,405 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Merck & Co., Inc. were worth $1,546,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MRK. Dakota Community Bank & Trust NA raised its holdings in shares of Merck & Co., Inc. by 3.4% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 3,566 shares of the company’s stock worth $299,000 after buying an additional 116 shares in the last quarter. Security National Bank of Sioux City Iowa IA lifted its holdings in shares of Merck & Co., Inc. by 3.6% in the third quarter. Security National Bank of Sioux City Iowa IA now owns 3,402 shares of the company’s stock worth $286,000 after acquiring an additional 119 shares during the last quarter. Investors Research Corp boosted its stake in shares of Merck & Co., Inc. by 1.3% in the 3rd quarter. Investors Research Corp now owns 9,325 shares of the company’s stock valued at $783,000 after purchasing an additional 120 shares in the last quarter. Trust Point Inc. boosted its stake in shares of Merck & Co., Inc. by 0.8% in the 3rd quarter. Trust Point Inc. now owns 14,834 shares of the company’s stock valued at $1,245,000 after purchasing an additional 120 shares in the last quarter. Finally, Nicolet Bankshares Inc. grew its holdings in shares of Merck & Co., Inc. by 2.0% during the 2nd quarter. Nicolet Bankshares Inc. now owns 6,169 shares of the company’s stock valued at $488,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 76.07% of the company’s stock.

Insiders Place Their Bets

In related news, EVP David Michael Williams sold 8,614 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $83.59, for a total value of $720,044.26. Following the transaction, the executive vice president owned 24,578 shares in the company, valued at $2,054,475.02. The trade was a 25.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Merck & Co., Inc. Stock Up 1.8%

Shares of NYSE:MRK 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 company has a quick ratio of 1.44, a current ratio of 1.66 and a debt-to-equity ratio of 0.77. Merck & Co., Inc. has a 12-month low of $73.31 and a 12-month high of $112.90. The business has a fifty day simple moving average of $105.20 and a 200 day simple moving average of $91.87.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last issued 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 net margin of 29.63% and a return on equity of 44.54%. Analysts predict that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Monday, March 16th will be given a dividend of $0.85 per share. The ex-dividend date 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 is 44.91%.

More Merck & Co., Inc. News

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MRK shares. Wells Fargo & Company raised shares of Merck & Co., Inc. from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $90.00 to $125.00 in a research note on Monday, November 24th. The Goldman Sachs Group increased their price target on Merck & Co., Inc. from $92.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Citigroup raised their price objective on Merck & Co., Inc. from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday. Bank of America upped their target price on Merck & Co., Inc. from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, Wolfe Research upgraded Merck & Co., Inc. from a “peer perform” rating to an “outperform” rating and set a $135.00 target price for the company in a research report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $114.53.

Get Our Latest Analysis on Merck & Co., Inc.

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.

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

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