Hunter Perkins Capital Management LLC Has $16.54 Million Position in Merck & Co., Inc. (NYSE:MRK)

Hunter Perkins Capital Management LLC lifted its stake in shares of Merck & Co., Inc. (NYSE:MRK) by 448.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 214,550 shares of the company’s stock after purchasing an additional 175,442 shares during the period. Merck & Co., Inc. accounts for 3.3% of Hunter Perkins Capital Management LLC’s holdings, making the stock its 10th biggest position. Hunter Perkins Capital Management LLC’s holdings in Merck & Co., Inc. were worth $16,540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Flagship Private Wealth LLC bought a new stake in Merck & Co., Inc. in the fourth quarter valued at approximately $27,000. Financial Avengers Inc. bought a new position in Merck & Co., Inc. during the fourth quarter worth $28,000. Joseph P. Lucia & Associates LLC bought a new position in Merck & Co., Inc. during the fourth quarter worth $29,000. Curi Capital acquired a new position in shares of Merck & Co., Inc. in the fourth quarter valued at $29,000. Finally, Veritas Investment Partners UK Ltd. bought a new position in shares of Merck & Co., Inc. in the fourth quarter valued at about $30,000. 72.86% of the stock is owned by institutional investors and hedge funds.

MRK has been the subject of several research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Merck & Co., Inc. in a report on Friday, February 5th. SVB Leerink decreased their target price on Merck & Co., Inc. from $103.00 to $102.00 and set an “outperform” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Merck & Co., Inc. currently has an average rating of “Buy” and an average price target of $97.22.

MRK stock opened at $75.98 on Tuesday. Merck & Co., Inc. has a 52 week low of $71.71 and a 52 week high of $87.80. The business has a 50-day simple moving average of $76.83 and a 200 day simple moving average of $78.38. The company has a quick ratio of 1.00, a current ratio of 1.30 and a debt-to-equity ratio of 0.90. The company has a market cap of $192.26 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.89 and a beta of 0.43.

Merck & Co., Inc. (NYSE:MRK) last issued its quarterly earnings results on Thursday, April 29th. The company reported $1.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.63 by ($0.23). Merck & Co., Inc. had a return on equity of 53.83% and a net margin of 24.33%. The firm had revenue of $12.08 billion for the quarter, compared to the consensus estimate of $12.71 billion. During the same period last year, the company posted $1.50 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, analysts anticipate that Merck & Co., Inc. will post 5.9 EPS for the current fiscal year.

About Merck & Co., Inc.

Merck & Co, Inc operates as a healthcare company worldwide. It operates through two segments, Pharmaceutical and Animal Health segments. The Pharmaceutical segment offers human health pharmaceutical products in the areas of oncology, hospital acute care, immunology, neuroscience, virology, cardiovascular, diabetes, and women's health, as well as vaccine products.

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

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