Cullinan Associates Inc. trimmed its holdings in shares of Merck & Co., Inc. (NYSE:MRK) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 111,715 shares of the company’s stock after selling 1,241 shares during the quarter. Cullinan Associates Inc.’s holdings in Merck & Co., Inc. were worth $10,160,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Atwater Malick LLC bought a new position in shares of Merck & Co., Inc. during the 3rd quarter worth approximately $57,000. 1 North Wealth Services LLC bought a new position in shares of Merck & Co., Inc. during the 3rd quarter worth approximately $58,000. American National Bank bought a new position in shares of Merck & Co., Inc. during the 3rd quarter worth approximately $67,000. Lenox Wealth Management Inc. grew its stake in shares of Merck & Co., Inc. by 23.3% during the 3rd quarter. Lenox Wealth Management Inc. now owns 793 shares of the company’s stock worth $67,000 after acquiring an additional 150 shares in the last quarter. Finally, Balentine LLC grew its stake in shares of Merck & Co., Inc. by 58.4% during the 3rd quarter. Balentine LLC now owns 933 shares of the company’s stock worth $79,000 after acquiring an additional 344 shares in the last quarter. 74.50% of the stock is owned by institutional investors and hedge funds.
In other Merck & Co., Inc. news, EVP Julie L. Gerberding sold 102,073 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $89.34, for a total transaction of $9,119,201.82. Following the completion of the sale, the executive vice president now owns 106,099 shares of the company’s stock, valued at approximately $9,478,884.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.27% of the company’s stock.
NYSE:MRK opened at $91.54 on Thursday. The firm has a fifty day simple moving average of $89.80 and a 200 day simple moving average of $85.55. Merck & Co., Inc. has a 1-year low of $72.05 and a 1-year high of $92.64. The stock has a market capitalization of $228.96 billion, a PE ratio of 21.09, a P/E/G ratio of 1.80 and a beta of 0.52. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 0.84.
Merck & Co., Inc. (NYSE:MRK) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.27. Merck & Co., Inc. had a return on equity of 48.16% and a net margin of 20.26%. The business had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $11.59 billion. During the same quarter last year, the firm posted $1.19 EPS. The company’s quarterly revenue was up 14.9% on a year-over-year basis. On average, equities analysts predict that Merck & Co., Inc. will post 5.15 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 16th were issued a dividend of $0.61 per share. This is an increase from Merck & Co., Inc.’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, December 13th. This represents a $2.44 annualized dividend and a yield of 2.67%. Merck & Co., Inc.’s dividend payout ratio (DPR) is currently 56.22%.
Merck & Co., Inc. Profile
Merck & Co, Inc provides healthcare solutions worldwide. It operates through four segments: Pharmaceutical, Animal Health, Healthcare Services, and Alliances. The company offers therapeutic and preventive agents to treat cardiovascular, type 2 diabetes, chronic hepatitis C virus, HIV-1 infection, intra-abdominal, fungal infection, insomnia, and inflammatory diseases.
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