Merck & Co., Inc. (NYSE:MRK) Stock Position Increased by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd increased its position in shares of Merck & Co., Inc. (NYSE:MRK) by 17.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,848,631 shares of the company’s stock after buying an additional 272,815 shares during the period. Merck & Co., Inc. accounts for 6.4% of ANTIPODES PARTNERS Ltd’s holdings, making the stock its 4th biggest position. ANTIPODES PARTNERS Ltd owned about 0.07% of Merck & Co., Inc. worth $183,917,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MRK. Tradewinds LLC. increased its position in Merck & Co., Inc. by 0.6% during the third quarter. Tradewinds LLC. now owns 15,649 shares of the company’s stock worth $1,777,000 after purchasing an additional 101 shares during the last quarter. CGN Advisors LLC increased its position in Merck & Co., Inc. by 0.4% during the fourth quarter. CGN Advisors LLC now owns 26,969 shares of the company’s stock worth $2,683,000 after purchasing an additional 102 shares during the last quarter. Accredited Investors Inc. increased its position in Merck & Co., Inc. by 0.9% during the third quarter. Accredited Investors Inc. now owns 11,834 shares of the company’s stock worth $1,344,000 after purchasing an additional 109 shares during the last quarter. Cypress Wealth Services LLC increased its position in Merck & Co., Inc. by 3.1% during the fourth quarter. Cypress Wealth Services LLC now owns 3,639 shares of the company’s stock worth $362,000 after purchasing an additional 111 shares during the last quarter. Finally, TI Trust Inc. increased its position in Merck & Co., Inc. by 0.6% during the fourth quarter. TI Trust Inc. now owns 19,834 shares of the company’s stock worth $1,973,000 after purchasing an additional 111 shares during the last quarter. 76.07% of the stock is owned by hedge funds and other institutional investors.

Merck & Co., Inc. Stock Down 1.4 %

MRK stock opened at $93.44 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 0.79. Merck & Co., Inc. has a twelve month low of $81.04 and a twelve month high of $134.63. The company’s 50 day moving average is $93.75 and its two-hundred day moving average is $102.19. The stock has a market cap of $236.04 billion, a P/E ratio of 13.88, a PEG ratio of 0.77 and a beta of 0.35.

Merck & Co., Inc. (NYSE:MRK) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.13). Merck & Co., Inc. had a return on equity of 45.35% and a net margin of 26.67%. The company had revenue of $15.62 billion for the quarter, compared to analyst estimates of $15.51 billion. During the same period in the previous year, the business posted $0.03 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Research analysts expect that Merck & Co., Inc. will post 9.01 earnings per share for the current fiscal year.

Merck & Co., Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $3.24 dividend on an annualized basis and a yield of 3.47%. Merck & Co., Inc.’s payout ratio is currently 48.14%.

Merck & Co., Inc. declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, January 28th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 4.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MRK. HSBC raised shares of Merck & Co., Inc. from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft lowered shares of Merck & Co., Inc. from a “buy” rating to a “hold” rating and lowered their target price for the stock from $128.00 to $105.00 in a research note on Tuesday, February 18th. Citigroup lowered their target price on shares of Merck & Co., Inc. from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. BMO Capital Markets lowered their price objective on shares of Merck & Co., Inc. from $105.00 to $96.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Finally, Leerink Partners lowered their price objective on shares of Merck & Co., Inc. from $136.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Eleven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.12.

Insiders Place Their Bets

In other news, insider Cristal N. Downing sold 2,361 shares of Merck & Co., Inc. stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $88.76, for a total value of $209,562.36. Following the transaction, the insider now directly owns 7,085 shares of the company’s stock, valued at $628,864.60. The trade was a 24.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Inge G. Thulin bought 2,833 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was acquired at an average cost of $88.25 per share, for a total transaction of $250,012.25. Following the completion of the acquisition, the director now directly owns 2,933 shares in the company, valued at approximately $258,837.25. This trade represents a 2,833.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.09% of the stock is owned by corporate insiders.

Merck & Co., Inc. Company Profile

Merck & Co, Inc is a health care company, which engages in the provision of health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. It operates through the following segments: Pharmaceutical, Animal Health, and Other. The Pharmaceutical segment includes human health pharmaceutical and vaccine products.