Merck & Co., Inc. $MRK Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in shares of Merck & Co., Inc. (NYSE:MRKFree Report) by 7.5% during the third quarter, HoldingsChannel.com reports. The firm owned 5,209,360 shares of the company’s stock after selling 420,231 shares during the period. Principal Financial Group Inc.’s holdings in Merck & Co., Inc. were worth $437,224,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Darwin Wealth Management LLC boosted its holdings in Merck & Co., Inc. by 237.4% in the third quarter. Darwin Wealth Management LLC now owns 307 shares of the company’s stock worth $26,000 after acquiring an additional 216 shares in the last quarter. Kilter Group LLC acquired a new position in shares of Merck & Co., Inc. in the 2nd quarter valued at $27,000. Barnes Dennig Private Wealth Management LLC raised its stake in Merck & Co., Inc. by 302.3% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 354 shares of the company’s stock worth $30,000 after acquiring an additional 266 shares during the last quarter. Bare Financial Services Inc lifted its position in Merck & Co., Inc. by 51.9% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the company’s stock worth $29,000 after acquiring an additional 125 shares during the period. Finally, Evolution Wealth Management Inc. acquired a new stake in Merck & Co., Inc. during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 76.07% of the company’s stock.

Merck & Co., Inc. Trading Up 1.8%

Shares of Merck & Co., Inc. stock opened at $110.24 on Friday. The firm has a 50-day simple moving average of $105.20 and a two-hundred day simple moving average of $91.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.66. 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 market cap of $273.62 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 1.52 and a beta of 0.29.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $1.94 earnings per share 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, equities analysts predict that Merck & Co., Inc. will post 9.01 earnings per share for the current fiscal year.

Merck & Co., Inc. Announces Dividend

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

Insider Buying and Selling

In other Merck & Co., Inc. news, EVP David Michael Williams sold 8,614 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $83.59, for a total transaction of $720,044.26. Following the completion of the transaction, the executive vice president directly owned 24,578 shares in the company, valued at approximately $2,054,475.02. This represents a 25.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MRK shares. UBS Group raised their price objective on Merck & Co., Inc. from $105.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. 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 company from $82.00 to $130.00 in a report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft increased their price target on Merck & Co., Inc. from $110.00 to $111.00 and gave the stock a “hold” rating in a research report on Tuesday, November 18th. Wells Fargo & Company raised Merck & Co., Inc. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $90.00 to $125.00 in a report on Monday, November 24th. Finally, Morgan Stanley raised their target price on Merck & Co., Inc. from $100.00 to $102.00 and gave the stock an “equal weight” rating in a report on Friday, December 12th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Merck & Co., Inc. currently has an average rating of “Hold” and an average price target of $114.53.

Get Our Latest Analysis on MRK

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About Merck & Co., Inc.

(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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