Traders Sell Merck & Company, Inc. (MRK) on Strength (MRK)
Investors sold shares of Merck & Company, Inc. (NYSE:MRK) on strength during trading on Wednesday. $67.79 million flowed into the stock on the tick-up and $86.52 million flowed out of the stock on the tick-down, for a money net flow of $18.73 million out of the stock. Of all equities tracked, Merck & had the 23rd highest net out-flow for the day. Merck & traded up $0.10 for the day and closed at $54.37
Several research firms have issued reports on MRK. Cowen and Company restated a “hold” rating and issued a $70.00 price target on shares of Merck & in a research report on Friday, November 3rd. J P Morgan Chase & Co set a $70.00 price target on shares of Merck & and gave the stock a “buy” rating in a research report on Sunday, October 29th. Zacks Investment Research lowered shares of Merck & from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC restated a “sell” rating and issued a $55.00 price target on shares of Merck & in a research report on Friday, October 20th. Finally, Barclays PLC lowered shares of Merck & from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $72.00 to $62.00 in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $66.87.
The stock has a market cap of $148,290.00, a price-to-earnings ratio of 13.91, a PEG ratio of 2.33 and a beta of 0.78. The company has a current ratio of 1.43, a quick ratio of 1.16 and a debt-to-equity ratio of 0.57.
In related news, Director Thomas H. Glocer sold 5,000 shares of Merck & stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $56.20, for a total transaction of $281,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Fort Washington Investment Advisors Inc. OH lifted its holdings in Merck & by 133.4% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 144,247 shares of the company’s stock valued at $9,165,000 after purchasing an additional 82,454 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Merck & by 2.6% in the second quarter. Russell Investments Group Ltd. now owns 4,206,648 shares of the company’s stock worth $269,678,000 after acquiring an additional 107,201 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in shares of Merck & by 41.9% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 296,294 shares of the company’s stock worth $19,028,000 after acquiring an additional 87,443 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Merck & in the first quarter worth about $15,126,000. Finally, Trust Co raised its stake in shares of Merck & by 2.8% in the first quarter. Trust Co now owns 68,789 shares of the company’s stock worth $4,371,000 after acquiring an additional 1,852 shares during the last quarter. 72.98% of the stock is owned by hedge funds and other institutional investors.
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About Merck &
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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