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

UMB Bank n.a. decreased 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 fund 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 quarter.

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Merck & Co., Inc. in a research report on Monday, December 29th. Zacks Research downgraded Merck & Co., Inc. from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. Morgan Stanley raised their target price on Merck & Co., Inc. from $100.00 to $102.00 and gave the company an “equal weight” rating in a research report on Friday, December 12th. Citigroup lifted their target price on Merck & Co., Inc. from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 27th. Finally, The Goldman Sachs Group increased their price target on shares of Merck & Co., Inc. from $92.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $114.53.

Get Our Latest Report on MRK

Insider Buying and Selling

In related news, EVP David Michael Williams sold 8,614 shares of Merck & Co., Inc. stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 24,578 shares in the company, valued at approximately $2,054,475.02. The trade was a 25.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

Merck & Co., Inc. Stock Up 1.8%

MRK stock opened at $110.24 on Friday. The stock has a fifty day moving average of $105.20 and a 200-day moving average of $91.94. Merck & Co., Inc. has a fifty-two week low of $73.31 and a fifty-two week high of $112.90. The company has a market capitalization of $273.62 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.52 and a beta of 0.29. 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 announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.14). Merck & Co., Inc. had a net margin of 29.63% and a return on equity of 44.54%. As a group, equities research analysts predict that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Monday, March 16th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, March 16th. Merck & Co., Inc.’s dividend payout ratio is presently 44.91%.

Merck & Co., Inc. News Summary

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

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

Want to see what other hedge funds are holding MRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merck & Co., Inc. (NYSE:MRKFree Report).

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

Receive News & Ratings for Merck & Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merck & Co. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.