Thomas Story & Son LLC Has $6.44 Million Holdings in Merck & Co., Inc. $MRK

Thomas Story & Son LLC raised its stake in shares of Merck & Co., Inc. (NYSE:MRKFree Report) by 40.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 76,733 shares of the company’s stock after purchasing an additional 22,173 shares during the period. Merck & Co., Inc. makes up approximately 2.4% of Thomas Story & Son LLC’s portfolio, making the stock its 20th biggest holding. Thomas Story & Son LLC’s holdings in Merck & Co., Inc. were worth $6,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MRK. Legend Financial Advisors Inc. bought a new stake in Merck & Co., Inc. during the second quarter worth $25,000. Kilter Group LLC purchased a new position in Merck & Co., Inc. during the 2nd quarter worth $27,000. Bare Financial Services Inc boosted its holdings 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 last quarter. Evolution Wealth Management Inc. bought a new stake in shares of Merck & Co., Inc. in the 2nd quarter worth $31,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of Merck & Co., Inc. by 141.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 377 shares of the company’s stock valued at $34,000 after purchasing an additional 221 shares during the last quarter. 76.07% of the stock is owned by institutional investors.

Merck & Co., Inc. Price Performance

Shares of NYSE MRK opened at $100.92 on Monday. 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 $105.84. The stock has a market cap of $250.49 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.98 and a beta of 0.29. The stock has a fifty day moving average of $93.36 and a 200-day moving average of $86.24.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last posted its earnings results on Friday, January 30th. The company reported $1.94 earnings per share for the quarter. Merck & Co., Inc. had a return on equity of 44.54% and a net margin of 29.63%. Equities research analysts anticipate that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Monday, December 15th will be paid a dividend of $0.85 per share. This is a positive change from Merck & Co., Inc.’s previous quarterly dividend of $0.81. This represents a $3.40 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, December 15th. Merck & Co., Inc.’s dividend payout ratio is 44.91%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Merck & Co., Inc. from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Merck & Co., Inc. in a research report on Monday, December 15th. Berenberg Bank downgraded Merck & Co., Inc. from a “buy” rating to a “hold” rating and cut their target price for the stock from $100.00 to $90.00 in a research note on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft increased their price target on Merck & Co., Inc. from $110.00 to $111.00 and gave the company a “hold” rating in a research report on Tuesday, November 18th. Finally, Morgan Stanley lifted their price target 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 investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Merck & Co., Inc. has a consensus rating of “Hold” and a consensus price target of $110.13.

Check Out Our Latest Stock Analysis on MRK

Key Merck & Co., Inc. News

Here are the key news stories impacting Merck & Co., Inc. this week:

Insider Buying and Selling

In other Merck & Co., Inc. news, EVP David Michael Williams sold 8,614 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $83.59, for a total value of $720,044.26. Following the sale, the executive vice president owned 24,578 shares of the company’s stock, valued at $2,054,475.02. This trade represents a 25.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by insiders.

Merck & Co., Inc. Profile

(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.

Further Reading

Institutional Ownership by Quarter for Merck & Co., Inc. (NYSE:MRK)

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