Wedmont Private Capital lifted its stake in Merck & Co., Inc. (NYSE:MRK – Free Report) by 21.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,562 shares of the company’s stock after purchasing an additional 6,283 shares during the quarter. Wedmont Private Capital’s holdings in Merck & Co., Inc. were worth $3,530,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the stock. Darwin Wealth Management LLC purchased a new stake in shares of Merck & Co., Inc. in the third quarter valued at $32,000. AM Squared Ltd bought a new stake in Merck & Co., Inc. in the third quarter worth about $34,000. Safe Harbor Fiduciary LLC bought a new stake in Merck & Co., Inc. in the third quarter worth about $34,000. Peterson Financial Group Inc. bought a new position in shares of Merck & Co., Inc. during the third quarter valued at approximately $36,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Merck & Co., Inc. during the second quarter valued at approximately $39,000. Institutional investors own 76.07% of the company’s stock.
Merck & Co., Inc. Stock Performance
Merck & Co., Inc. stock traded up $1.54 during midday trading on Monday, hitting $100.79. 3,771,347 shares of the company were exchanged, compared to its average volume of 8,109,449. The business has a fifty day simple moving average of $100.18 and a two-hundred day simple moving average of $110.57. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.15 and a current ratio of 1.36. The firm has a market capitalization of $254.96 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.47 and a beta of 0.39. Merck & Co., Inc. has a fifty-two week low of $94.48 and a fifty-two week high of $134.63.
Merck & Co., Inc. Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 16th were given a dividend of $0.81 per share. The ex-dividend date was Monday, December 16th. This represents a $3.24 dividend on an annualized basis and a yield of 3.21%. This is an increase from Merck & Co., Inc.’s previous quarterly dividend of $0.77. Merck & Co., Inc.’s dividend payout ratio is currently 67.92%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on MRK. Sanford C. Bernstein started coverage on Merck & Co., Inc. in a research note on Thursday, October 17th. They issued a “market perform” rating and a $115.00 target price on the stock. Wolfe Research assumed coverage on shares of Merck & Co., Inc. in a report on Friday, November 15th. They set a “peer perform” rating for the company. Citigroup dropped their target price on shares of Merck & Co., Inc. from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. BMO Capital Markets downgraded shares of Merck & Co., Inc. from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $136.00 to $105.00 in a research note on Friday, December 20th. Finally, Wells Fargo & Company decreased their price objective on Merck & Co., Inc. from $125.00 to $110.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Merck & Co., Inc. currently has an average rating of “Moderate Buy” and an average target price of $123.67.
Read Our Latest Research Report on Merck & Co., Inc.
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.
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