Northeast Investment Management lifted its position in shares of Merck & Co., Inc. (NYSE:MRK – Free Report) by 7.1% in the 3rd quarter, Holdings Channel reports. The fund owned 61,570 shares of the company’s stock after buying an additional 4,092 shares during the period. Northeast Investment Management’s holdings in Merck & Co., Inc. were worth $8,947,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of MRK. BlackRock Inc. boosted its stake in Merck & Co., Inc. by 0.5% during the 2nd quarter. BlackRock Inc. now owns 226,999,837 shares of the company’s stock valued at $29,169,479,000 after purchasing an additional 1,073,507 shares during the period. State Street Corp increased its stake in shares of Merck & Co., Inc. by 0.9% in the second quarter. State Street Corp now owns 120,413,256 shares of the company’s stock valued at $15,573,754,000 after purchasing an additional 1,087,583 shares during the period. Wellington Management Group LLP increased its stake in shares of Merck & Co., Inc. by 2.3% in the second quarter. Wellington Management Group LLP now owns 86,249,283 shares of the company’s stock valued at $11,083,033,000 after purchasing an additional 1,934,312 shares during the period. Bank of America Corp DE raised its holdings in shares of Merck & Co., Inc. by 10.5% during the first quarter. Bank of America Corp DE now owns 30,774,221 shares of the company’s stock valued at $3,701,831,000 after buying an additional 2,919,780 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Merck & Co., Inc. by 23.8% during the first quarter. Dimensional Fund Advisors LP now owns 15,456,039 shares of the company’s stock valued at $1,858,938,000 after buying an additional 2,969,856 shares during the last quarter. Institutional investors and hedge funds own 76.07% of the company’s stock.
Merck & Co., Inc. Price Performance
Shares of NYSE:MRK opened at $150.19 on Thursday. The stock has a market cap of $370.55 billion, a price-to-earnings ratio of 154.84, a PEG ratio of 6.57 and a beta of 0.13. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.32 and a quick ratio of 1.10. Merck & Co., Inc. has a 12 month low of $82.91 and a 12 month high of $156.92. The stock’s 50 day moving average price is $146.57 and its 200 day moving average price is $127.26.
Trending Headlines about Merck & Co., Inc.
Here are the key news stories impacting Merck & Co., Inc. this week:
- Positive Sentiment: Wall Street’s broad advance provided a supportive backdrop for stocks, including healthcare shares; this looks like a market-wide tailwind rather than a Merck-specific catalyst. Stocks Surged Across the Board Today, and Biotech Brought Its Own Earnings Story
- Positive Sentiment: Cantor Fitzgerald raised its price target on Merck, while Freedom Broker reportedly forecast further appreciation, signaling supportive analyst sentiment. Cantor Fitzgerald Price Target Bump Freedom Broker Forecast
- Positive Sentiment: The FDA granted emergency-use authorization for a Merck treatment for screwworm in dogs, offering a potential near-term opportunity in animal health. Merck gets US FDA emergency use nod for treatment of screwworm in dogs
- Positive Sentiment: Merck began enrolling patients in a Phase 3 study of Ohtuvayre to assess whether it can prevent COPD exacerbations. The trial expands the drug’s potential, though results are not yet available. Merck Initiates Phase 3 Study of Ohtuvayre
- Neutral Sentiment: Merck’s pipeline is cited as a possible growth driver, but the company’s looming patent cliff remains a significant longer-term risk to growth. Merck’s Pipeline Could Be Its Next Big Growth Driver
- Negative Sentiment: DZ Bank cut its rating from Buy to Hold, setting a $153 price target that suggests limited upside from the price cited in the report. DZ Bank rating update
Insider Transactions at Merck & Co., Inc.
In other Merck & Co., Inc. news, EVP Jennifer Zachary sold 80,315 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $133.46, for a total value of $10,718,839.90. Following the sale, the executive vice president directly owned 45,509 shares in the company, valued at approximately $6,073,631.14. The trade was a 63.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Chirfi Guindo sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $135.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the executive vice president owned 36,613 shares in the company, valued at approximately $4,942,755. This trade represents a 21.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 135,635 shares of company stock valued at $18,011,040. Corporate insiders own 0.17% of the company’s stock.
Wall Street Analysts Forecast Growth
MRK has been the subject of several analyst reports. BMO Capital Markets boosted their price objective on Merck & Co., Inc. from $142.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. The Goldman Sachs Group raised their target price on Merck & Co., Inc. from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 21st. Freedom Broker lifted their target price on Merck & Co., Inc. from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Monday. Jefferies Financial Group boosted their price target on Merck & Co., Inc. from $152.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Finally, Scotiabank boosted their price target on Merck & Co., Inc. from $155.00 to $180.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Merck & Co., Inc. has an average rating of “Moderate Buy” and an average target price of $155.74.
View Our Latest Research Report on Merck & Co., Inc.
Merck & Co., Inc. Company Profile
Merck & Co, Inc is a global healthcare company that develops, manufactures and markets prescription medicines, vaccines and animal-health products. Its pharmaceutical business focuses on oncology, infectious diseases, cardiology, immunology and other areas of significant medical need. The company serves patients, healthcare providers and institutions in markets worldwide.
Merck’s principal products include Keytruda, an immunotherapy used to treat a range of cancers; Gardasil and Gardasil 9, vaccines that help protect against human papillomavirus; and Januvia and Janumet, medicines used to manage type 2 diabetes.
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