Capital Square LLC Increases Holdings in Merck & Co., Inc. (NYSE:MRK)

Capital Square LLC boosted its position in Merck & Co., Inc. (NYSE:MRK) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,181 shares of the company’s stock after buying an additional 310 shares during the period. Capital Square LLC’s holdings in Merck & Co., Inc. were worth $1,068,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Merck & Co., Inc. by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 251,096,107 shares of the company’s stock worth $24,979,041,000 after acquiring an additional 1,292,192 shares during the period. Wellington Management Group LLP grew its position in Merck & Co., Inc. by 6.5% during the 4th quarter. Wellington Management Group LLP now owns 80,742,030 shares of the company’s stock worth $8,032,217,000 after purchasing an additional 4,932,647 shares during the period. Geode Capital Management LLC grew its position in Merck & Co., Inc. by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 61,181,863 shares of the company’s stock worth $6,072,582,000 after purchasing an additional 2,026,859 shares during the period. Norges Bank purchased a new position in shares of Merck & Co., Inc. during the 4th quarter valued at about $3,479,799,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Merck & Co., Inc. by 29.7% in the 4th quarter. Bank of New York Mellon Corp now owns 24,213,537 shares of the company’s stock valued at $2,408,763,000 after buying an additional 5,550,824 shares during the period. Institutional investors and hedge funds own 76.07% of the company’s stock.

Insider Transactions at Merck & Co., Inc.

In other news, insider Cristal N. Downing sold 2,361 shares of Merck & Co., Inc. stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $88.76, for a total transaction of $209,562.36. Following the transaction, the insider now owns 7,085 shares in the company, valued at $628,864.60. The trade was a 24.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Inge G. Thulin acquired 2,833 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was purchased at an average cost of $88.25 per share, with a total value of $250,012.25. Following the acquisition, the director now directly owns 2,933 shares of the company’s stock, valued at $258,837.25. This trade represents a 2,833.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Merck & Co., Inc. Stock Down 2.5 %

Shares of MRK opened at $76.42 on Thursday. The stock has a 50 day moving average price of $87.81 and a 200 day moving average price of $96.77. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.15 and a current ratio of 1.36. The stock has a market capitalization of $193.04 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 0.77 and a beta of 0.40. Merck & Co., Inc. has a one year low of $75.93 and a one year high of $134.63.

Merck & Co., Inc. (NYSE:MRK) last released its earnings results on Tuesday, February 4th. The company reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.13). The business had revenue of $15.62 billion for the quarter, compared to analysts’ expectations of $15.51 billion. Merck & Co., Inc. had a return on equity of 45.35% and a net margin of 26.67%. Merck & Co., Inc.’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 EPS. Equities research analysts forecast that Merck & Co., Inc. will post 9.01 earnings per share for the current fiscal year.

Merck & Co., Inc. declared that its board has authorized a stock repurchase plan on Tuesday, January 28th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 4.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Merck & Co., Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 17th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Monday, March 17th. Merck & Co., Inc.’s dividend payout ratio (DPR) is 48.14%.

Analysts Set New Price Targets

Several research analysts recently weighed in on MRK shares. Morgan Stanley reduced their price target on Merck & Co., Inc. from $113.00 to $106.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Truist Financial reaffirmed a “hold” rating and set a $110.00 target price (down from $130.00) on shares of Merck & Co., Inc. in a report on Wednesday, January 8th. Guggenheim lowered their price target on shares of Merck & Co., Inc. from $122.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft cut shares of Merck & Co., Inc. from a “buy” rating to a “hold” rating and cut their price objective for the company from $128.00 to $105.00 in a report on Tuesday, February 18th. Finally, Citigroup lowered their target price on shares of Merck & Co., Inc. from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.50.

Merck & Co., Inc. Profile

Merck & Co, Inc is a health care company, which engages in the provision of health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. It operates through the following segments: Pharmaceutical, Animal Health, and Other. The Pharmaceutical segment includes human health pharmaceutical and vaccine products.