Merck & Co., Inc. $MRK Shares Sold by Washington Trust Bank

by · The Markets Daily

Washington Trust Bank trimmed its stake in shares of Merck & Co., Inc. (NYSE:MRKFree Report) by 5.0% during the third quarter, Holdings Channel reports. The firm owned 150,081 shares of the company’s stock after selling 7,846 shares during the period. Washington Trust Bank’s holdings in Merck & Co., Inc. were worth $12,596,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DLD Asset Management LP acquired a new position in shares of Merck & Co., Inc. during the second quarter valued at $2,889,340,000. Norges Bank acquired a new position in Merck & Co., Inc. during the 2nd quarter valued at about $2,858,570,000. Franklin Resources Inc. boosted its stake in Merck & Co., Inc. by 23.5% during the 2nd quarter. Franklin Resources Inc. now owns 27,032,601 shares of the company’s stock valued at $2,139,901,000 after purchasing an additional 5,135,748 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Merck & Co., Inc. by 35.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 19,456,096 shares of the company’s stock worth $1,540,145,000 after purchasing an additional 5,094,088 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Merck & Co., Inc. by 9.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 53,865,466 shares of the company’s stock worth $4,263,991,000 after buying an additional 4,636,183 shares in the last quarter. Institutional investors and hedge funds own 76.07% of the company’s stock.

Merck & Co., Inc. Price Performance

MRK stock opened at $110.52 on Friday. Merck & Co., Inc. has a one year low of $73.31 and a one year high of $112.90. The firm has a 50-day moving average of $99.60 and a two-hundred day moving average of $89.04. The firm has a market capitalization of $274.31 billion, a PE ratio of 14.60, a P/E/G ratio of 1.13 and a beta of 0.29. The company has a current ratio of 1.66, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last released its quarterly earnings results 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%. On average, analysts forecast that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Monday, December 15th were issued a $0.85 dividend. The ex-dividend date was Monday, December 15th. This is an increase from Merck & Co., Inc.’s previous quarterly dividend of $0.81. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.1%. Merck & Co., Inc.’s dividend payout ratio is currently 44.91%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MRK. UBS Group boosted their price target on Merck & Co., Inc. from $105.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. Wall Street Zen upgraded shares of Merck & Co., Inc. from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Berenberg Bank downgraded shares of Merck & Co., Inc. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $100.00 to $90.00 in a research report on Wednesday, September 17th. BMO Capital Markets raised shares of Merck & Co., Inc. from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $82.00 to $130.00 in a research note on Thursday, December 18th. Finally, Wells Fargo & Company upgraded 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 report on Monday, November 24th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Merck & Co., Inc. presently has an average rating of “Hold” and an average target price of $113.25.

Read Our Latest Report on Merck & Co., Inc.

Merck & Co., Inc. News Roundup

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

  • Positive Sentiment: Merck is reported to be in talks to acquire Revolution Medicines in a deal that could value the biotech at roughly $30 billion — a move that would materially bolster Merck’s oncology pipeline and justify a strategic premium in the stock if completed. Read More.
  • Positive Sentiment: Multiple analysts turned more bullish this week: Wolfe Research upgraded MRK to Outperform with a $135 target and Scotiabank reaffirmed a Buy — plus Citi and UBS published forecasts calling for strong upside. These upgrades/support raise positive sentiment and could attract buying interest. Read More. Read More. Read More.
  • Positive Sentiment: Healthcare sector momentum and positive coverage on Merck’s growth profile (Zacks/MarketBeat pieces) are supporting the stock as investors rotate back into defensive, value-priced pharma names. This macro tailwind can amplify positive reactions to company-specific news. Read More.
  • Neutral Sentiment: The JPMorgan Healthcare Conference is underway and is expected to generate pipeline updates and potential M&A announcements across the sector; this adds event-driven volatility to MRK in the near term rather than a clear directional signal. Read More.
  • Neutral Sentiment: Merck publicly urged that U.S. childhood immunization schedule changes be grounded in comprehensive data after the CDC trimmed some recommendations — a policy debate that creates uncertainty around vaccine-related revenues but is not an immediate earnings shock. Read More.
  • Neutral Sentiment: Multiple outlets (FT, Zacks) echoed the Revolution Medicines talks; until a deal is announced, takeover reports typically produce short-term swings as investors weigh strategic upside vs. deal risk and price. Read More.

Insider Activity at Merck & Co., Inc.

In other news, EVP David Michael Williams sold 8,614 shares of Merck & Co., Inc. stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $83.59, for a total transaction of $720,044.26. Following the transaction, the executive vice president owned 24,578 shares in the company, valued at approximately $2,054,475.02. The trade was a 25.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

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.

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