Merck & Co., Inc. (NYSE:MRK) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its position in Merck & Co., Inc. (NYSE:MRK) by 16.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,377,107 shares of the company’s stock after purchasing an additional 4,511,742 shares during the quarter. Merck & Co., Inc. comprises approximately 0.4% of Northern Trust Corp’s investment portfolio, making the stock its 29th largest position. Northern Trust Corp owned about 1.24% of Merck & Co., Inc. worth $3,121,395,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MRK. Norges Bank acquired a new position in Merck & Co., Inc. in the 4th quarter valued at $3,479,799,000. Bank of New York Mellon Corp increased its stake in shares of Merck & Co., Inc. by 29.7% in the 4th quarter. Bank of New York Mellon Corp now owns 24,213,537 shares of the company’s stock worth $2,408,763,000 after acquiring an additional 5,550,824 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Merck & Co., Inc. by 6.5% in the 4th quarter. Wellington Management Group LLP now owns 80,742,030 shares of the company’s stock worth $8,032,217,000 after acquiring an additional 4,932,647 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Merck & Co., Inc. by 63.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,577,535 shares of the company’s stock worth $1,151,642,000 after acquiring an additional 4,480,007 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Merck & Co., Inc. by 23.8% in the 4th quarter. Franklin Resources Inc. now owns 19,872,444 shares of the company’s stock worth $1,976,911,000 after acquiring an additional 3,823,283 shares during the last quarter. 76.07% of the stock is owned by institutional investors and hedge funds.

Merck & Co., Inc. Stock Performance

Shares of Merck & Co., Inc. stock opened at $82.83 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.36 and a quick ratio of 1.15. The stock has a market capitalization of $208.88 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 0.77 and a beta of 0.40. The business has a 50-day moving average of $87.05 and a 200 day moving average of $95.03. Merck & Co., Inc. has a 12 month low of $75.93 and a 12 month high of $134.63.

Merck & Co., Inc. (NYSE:MRK) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.06. The company had revenue of $15.53 billion for the quarter, compared to analyst estimates of $15.59 billion. Merck & Co., Inc. had a return on equity of 45.35% and a net margin of 26.67%. As a group, sell-side analysts forecast that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 17th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Monday, March 17th. Merck & Co., Inc.’s dividend payout ratio is currently 47.16%.

Merck & Co., Inc. declared that its board has approved a share buyback plan on Tuesday, January 28th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 4.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MRK has been the subject of a number of recent research reports. StockNews.com downgraded Merck & Co., Inc. from a “strong-buy” rating to a “buy” rating in a research note on Friday. Cantor Fitzgerald initiated coverage on Merck & Co., Inc. in a research note on Tuesday, April 22nd. They issued a “neutral” rating and a $85.00 target price for the company. Truist Financial reaffirmed a “hold” rating and issued a $110.00 target price (down from $130.00) on shares of Merck & Co., Inc. in a research note on Wednesday, January 8th. Guggenheim reaffirmed a “buy” rating and issued a $115.00 target price on shares of Merck & Co., Inc. in a research note on Thursday, April 17th. Finally, Deutsche Bank Aktiengesellschaft cut Merck & Co., Inc. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $128.00 to $105.00 in a report on Tuesday, February 18th. Twelve investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $111.13.

Insider Buying and Selling at Merck & Co., Inc.

In other Merck & Co., Inc. news, Director Inge G. Thulin purchased 2,833 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was purchased at an average cost of $88.25 per share, with a total value of $250,012.25. Following the completion of the acquisition, the director now directly owns 2,933 shares of the company’s stock, valued at $258,837.25. This trade represents a 2,833.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cristal N. Downing sold 2,361 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $88.76, for a total transaction of $209,562.36. Following the completion of the transaction, the insider now owns 7,085 shares in the company, valued at $628,864.60. This represents a 24.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Merck & Co., Inc. Company Profile

Merck & Co, Inc is a health care company, which engages in the provision of health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. It operates through the following segments: Pharmaceutical, Animal Health, and Other. The Pharmaceutical segment includes human health pharmaceutical and vaccine products.