Merck & Co., Inc. (MRK) Holdings Lifted by Capital Bank & Trust Co

Capital Bank & Trust Co boosted its holdings in Merck & Co., Inc. (NYSE:MRK) by 36.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 380,478 shares of the company’s stock after purchasing an additional 102,300 shares during the period. Capital Bank & Trust Co’s holdings in Merck & Co., Inc. were worth $24,362,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Perennial Advisors LLC increased its position in Merck & Co., Inc. by 10.7% in the 2nd quarter. Perennial Advisors LLC now owns 1,626 shares of the company’s stock worth $104,000 after buying an additional 157 shares during the period. Stelac Advisory Services LLC bought a new stake in shares of Merck & Co., Inc. during the second quarter valued at approximately $104,000. NewSquare Capital LLC increased its position in shares of Merck & Co., Inc. by 728.3% during the third quarter. NewSquare Capital LLC now owns 14,801 shares of the company’s stock valued at $115,000 after purchasing an additional 13,014 shares during the period. Solaris Asset Management LLC increased its position in shares of Merck & Co., Inc. by 6.3% during the second quarter. Solaris Asset Management LLC now owns 1,940 shares of the company’s stock valued at $124,000 after purchasing an additional 115 shares during the period. Finally, Barnett & Company Inc. increased its position in shares of Merck & Co., Inc. by 481.6% during the second quarter. Barnett & Company Inc. now owns 2,053 shares of the company’s stock valued at $132,000 after purchasing an additional 1,700 shares during the period. 73.24% of the stock is currently owned by institutional investors.

In other Merck & Co., Inc. news, insider Weir Mirian M. Graddick sold 5,000 shares of the company’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $58.00, for a total value of $290,000.00. Following the sale, the insider now directly owns 101,484 shares in the company, valued at $5,886,072. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael J. Holston sold 12,500 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $61.63, for a total value of $770,375.00. The disclosure for this sale can be found here. Insiders sold 77,500 shares of company stock worth $4,758,175 over the last quarter. Company insiders own 0.25% of the company’s stock.

A number of analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Merck & Co., Inc. from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Wednesday. Credit Suisse Group lowered their price objective on Merck & Co., Inc. from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday. UBS Group lowered their price objective on Merck & Co., Inc. from $72.00 to $67.00 and set a “buy” rating on the stock in a research report on Monday, October 30th. BMO Capital Markets restated an “outperform” rating and set a $72.00 price objective on shares of Merck & Co., Inc. in a research report on Thursday, October 12th. Finally, ValuEngine cut Merck & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $66.88.

Shares of Merck & Co., Inc. (MRK) opened at $55.88 on Thursday. Merck & Co., Inc. has a 1 year low of $53.63 and a 1 year high of $66.80. The firm has a market capitalization of $152,240.00, a price-to-earnings ratio of 60.09, a price-to-earnings-growth ratio of 2.51 and a beta of 0.75. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.43 and a quick ratio of 1.16.

Merck & Co., Inc. (NYSE:MRK) last announced its quarterly earnings results on Friday, February 2nd. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. Merck & Co., Inc. had a return on equity of 27.73% and a net margin of 6.40%. The firm had revenue of $10.43 billion for the quarter, compared to analysts’ expectations of $10.48 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. equities research analysts anticipate that Merck & Co., Inc. will post 4.18 EPS for the current fiscal year.

Merck & Co., Inc. announced that its Board of Directors has authorized a share repurchase plan on Tuesday, November 28th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Thursday, March 15th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, March 14th. Merck & Co., Inc.’s dividend payout ratio (DPR) is 206.45%.

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Merck & Co., Inc. Profile

Merck & Co, Inc is a global healthcare company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. It operates through four segments: Pharmaceutical, Animal Health, Healthcare Services and Alliances. The Company’s Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures.

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

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