Ropes Wealth Advisors LLC Decreases Stake in Merck & Co., Inc. (NYSE:MRK)

Ropes Wealth Advisors LLC decreased its position in Merck & Co., Inc. (NYSE:MRKGet Rating) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,454 shares of the company’s stock after selling 4,619 shares during the period. Ropes Wealth Advisors LLC’s holdings in Merck & Co., Inc. were worth $3,100,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of MRK. Financial Avengers Inc. increased its stake in shares of Merck & Co., Inc. by 115.8% during the 4th quarter. Financial Avengers Inc. now owns 328 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares during the last quarter. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Merck & Co., Inc. by 78.0% during the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 356 shares of the company’s stock worth $27,000 after purchasing an additional 156 shares during the last quarter. Retirement Group LLC increased its stake in shares of Merck & Co., Inc. by 116.4% during the 3rd quarter. Retirement Group LLC now owns 608 shares of the company’s stock worth $30,000 after purchasing an additional 327 shares during the last quarter. Bellwether Advisors LLC increased its stake in shares of Merck & Co., Inc. by 460.0% during the 3rd quarter. Bellwether Advisors LLC now owns 420 shares of the company’s stock worth $31,000 after purchasing an additional 345 shares during the last quarter. Finally, Steward Financial Group LLC purchased a new stake in shares of Merck & Co., Inc. during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 72.88% of the company’s stock.

Shares of NYSE MRK traded down $0.42 during mid-day trading on Friday, reaching $90.41. 10,308,067 shares of the company were exchanged, compared to its average volume of 11,242,952. Merck & Co., Inc. has a 52 week low of $70.89 and a 52 week high of $91.40. The company has a quick ratio of 1.02, a current ratio of 1.27 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $228.63 billion, a PE ratio of 16.17, a PEG ratio of 1.20 and a beta of 0.37. The company’s 50 day moving average price is $83.97 and its 200 day moving average price is $80.70.

Merck & Co., Inc. (NYSE:MRKGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.31. Merck & Co., Inc. had a net margin of 26.27% and a return on equity of 49.57%. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $14.64 billion. During the same period in the previous year, the firm posted $1.40 EPS. The firm’s revenue was up 31.6% compared to the same quarter last year. On average, sell-side analysts predict that Merck & Co., Inc. will post 7.31 earnings per share for the current year.

Several equities research analysts have recently issued reports on the stock. SVB Leerink decreased their price target on shares of Merck & Co., Inc. from $100.00 to $97.00 and set an “outperform” rating for the company in a research note on Thursday, April 21st. Barclays raised their price target on shares of Merck & Co., Inc. from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 12th. Mizuho initiated coverage on shares of Merck & Co., Inc. in a report on Friday, April 1st. They issued a “buy” rating and a $100.00 price objective for the company. Morgan Stanley cut their price objective on shares of Merck & Co., Inc. from $82.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, April 6th. Finally, StockNews.com initiated coverage on shares of Merck & Co., Inc. in a report on Thursday, March 31st. They issued a “strong-buy” rating for the company. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $90.69.

Merck & Co., Inc. Company Profile (Get Rating)

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

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

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