BMO Capital Markets restated their sell rating on shares of Merck & Company, Inc. (NYSE:MRK) in a research report sent to investors on Wednesday, July 5th.
Other research analysts have also recently issued reports about the stock. Vetr cut shares of Merck & from a strong-buy rating to a buy rating and set a $69.99 target price for the company. in a report on Wednesday, May 17th. Zacks Investment Research upgraded shares of Merck & from a hold rating to a buy rating and set a $72.00 target price for the company in a report on Wednesday, May 10th. Credit Suisse Group set a $72.00 target price on shares of Merck & and gave the stock a buy rating in a report on Tuesday, June 6th. BidaskClub upgraded shares of Merck & from a sell rating to a hold rating in a report on Thursday, June 22nd. Finally, Leerink Swann reiterated a market perform rating on shares of Merck & in a report on Monday, March 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $69.80.
Merck & (MRK) traded down 0.66% during trading on Wednesday, hitting $63.10. 5,340,999 shares of the stock were exchanged. Merck & has a 12-month low of $57.18 and a 12-month high of $66.80. The stock’s 50-day moving average price is $63.65 and its 200-day moving average price is $63.78. The firm has a market cap of $172.59 billion, a PE ratio of 34.16 and a beta of 0.80.
Merck & (NYSE:MRK) last announced its earnings results on Friday, July 28th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.87 by $0.14. Merck & had a net margin of 17.14% and a return on equity of 25.75%. The company had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same period last year, the company posted $0.93 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts expect that Merck & will post $3.87 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.88 annualized dividend and a yield of 2.98%. Merck &’s dividend payout ratio (DPR) is presently 76.11%.
In other Merck & news, Director C Robert Kidder sold 5,000 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $63.54, for a total transaction of $317,700.00. Following the transaction, the director now owns 14,317 shares in the company, valued at $909,702.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC increased its position in shares of Merck & by 18.7% in the fourth quarter. Private Advisor Group LLC now owns 246,393 shares of the company’s stock valued at $15,075,000 after buying an additional 38,817 shares during the period. Coldstream Capital Management Inc. increased its position in shares of Merck & by 429.3% in the fourth quarter. Coldstream Capital Management Inc. now owns 38,043 shares of the company’s stock valued at $2,240,000 after buying an additional 30,855 shares during the period. JT Stratford LLC bought a new position in shares of Merck & during the fourth quarter valued at approximately $2,394,000. BigSur Wealth Management LLC bought a new position in shares of Merck & during the fourth quarter valued at approximately $981,000. Finally, ARP Americas LLC bought a new position in shares of Merck & during the fourth quarter valued at approximately $235,000. Institutional investors own 73.68% of the company’s stock.
Merck & Company 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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