Federated Hermes Inc. Sells 307,109 Shares of Merck & Co., Inc. $MRK

Federated Hermes Inc. reduced its position in shares of Merck & Co., Inc. (NYSE:MRKFree Report) by 46.0% during the third quarter, Holdings Channel reports. The firm owned 360,695 shares of the company’s stock after selling 307,109 shares during the period. Federated Hermes Inc.’s holdings in Merck & Co., Inc. were worth $30,273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MRK. Darwin Wealth Management LLC lifted its stake in Merck & Co., Inc. by 237.4% in the third quarter. Darwin Wealth Management LLC now owns 307 shares of the company’s stock valued at $26,000 after purchasing an additional 216 shares during the last quarter. Kilter Group LLC bought a new position in Merck & Co., Inc. in the 2nd quarter worth about $27,000. Bare Financial Services Inc boosted its position in shares of Merck & Co., Inc. by 51.9% in the second quarter. Bare Financial Services Inc now owns 366 shares of the company’s stock valued at $29,000 after acquiring an additional 125 shares during the period. Barnes Dennig Private Wealth Management LLC grew its position in shares of Merck & Co., Inc. by 302.3% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 354 shares of the company’s stock valued at $30,000 after purchasing an additional 266 shares in the last quarter. Finally, Evolution Wealth Management Inc. bought a new position in Merck & Co., Inc. in the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 76.07% of the company’s stock.

More Merck & Co., Inc. News

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

Insider Buying and Selling

In other news, EVP David Michael Williams sold 8,614 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $83.59, for a total value of $720,044.26. Following the transaction, the executive vice president owned 24,578 shares of the company’s stock, valued at $2,054,475.02. This trade represents a 25.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wolfe Research raised Merck & Co., Inc. from a “peer perform” rating to an “outperform” rating and set a $135.00 price target for the company in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Merck & Co., Inc. from $110.00 to $111.00 and gave the company a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Merck & Co., Inc. in a report on Monday, December 29th. Zacks Research lowered Merck & Co., Inc. from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. Finally, Morgan Stanley lifted their price target on shares of 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. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $114.53.

Get Our Latest Stock Report on Merck & Co., Inc.

Merck & Co., Inc. Stock Up 1.8%

MRK stock opened at $110.24 on Friday. The business’s 50-day moving average is $105.20 and its two-hundred day moving average is $91.87. 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 debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.66. The company has a market cap of $273.62 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.52 and a beta of 0.29.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last announced its earnings results on Tuesday, February 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts forecast that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Monday, March 16th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, March 16th. Merck & Co., Inc.’s dividend payout ratio (DPR) is currently 44.91%.

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

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