Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in shares of Merck & Co., Inc. (NYSE:MRK – Free Report) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 470,498 shares of the company’s stock after selling 49,391 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Merck & Co., Inc. were worth $49,560,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kingdom Financial Group LLC. bought a new position in shares of Merck & Co., Inc. in the fourth quarter worth $25,000. Prosperity Bancshares Inc acquired a new stake in Merck & Co., Inc. in the fourth quarter worth about $26,000. Abound Financial LLC acquired a new stake in Merck & Co., Inc. in the fourth quarter worth about $26,000. IFC & Insurance Marketing Inc. bought a new position in Merck & Co., Inc. in the 4th quarter valued at about $31,000. Finally, High Note Wealth LLC grew its position in Merck & Co., Inc. by 58.9% in the 4th quarter. High Note Wealth LLC now owns 294 shares of the company’s stock valued at $31,000 after buying an additional 109 shares in the last quarter. 76.07% of the stock is owned by institutional investors.
Merck & Co., Inc. Stock Performance
NYSE:MRK opened at $115.67 on Thursday. The firm has a market capitalization of $285.69 billion, a PE ratio of 32.58, a PEG ratio of 2.59 and a beta of 0.21. Merck & Co., Inc. has a 1 year low of $76.66 and a 1 year high of $125.14. The company has a current ratio of 1.30, a quick ratio of 1.06 and a debt-to-equity ratio of 1.02. The firm’s fifty day simple moving average is $116.22 and its 200 day simple moving average is $113.53.
Merck & Co., Inc. Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.40 dividend on an annualized basis and a yield of 2.9%. Merck & Co., Inc.’s dividend payout ratio (DPR) is 95.77%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of Merck & Co., Inc. from $150.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Wall Street Zen raised Merck & Co., Inc. from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Zacks Research upgraded Merck & Co., Inc. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $142.00 price target on shares of Merck & Co., Inc. in a research note on Monday, March 30th. Finally, Barclays started coverage on Merck & Co., Inc. in a research report on Friday, February 20th. They set an “overweight” rating and a $140.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $128.18.
Get Our Latest Research Report on Merck & Co., Inc.
About Merck & Co., Inc.
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.
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