McGinn Penninger Investment Management Inc. increased its stake in shares of Merck & Co., Inc. (NYSE:MRK – Free Report) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,874 shares of the company’s stock after acquiring an additional 280 shares during the period. Merck & Co., Inc. comprises about 2.5% of McGinn Penninger Investment Management Inc.’s portfolio, making the stock its 20th largest position. McGinn Penninger Investment Management Inc.’s holdings in Merck & Co., Inc. were worth $3,733,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in MRK. Itau Unibanco Holding S.A. bought a new stake in shares of Merck & Co., Inc. in the second quarter valued at about $39,000. Abich Financial Wealth Management LLC boosted its holdings in Merck & Co., Inc. by 121.8% during the second quarter. Abich Financial Wealth Management LLC now owns 326 shares of the company’s stock worth $40,000 after purchasing an additional 179 shares during the last quarter. Quarry LP bought a new position in Merck & Co., Inc. in the second quarter valued at $42,000. Strategic Financial Concepts LLC grew its position in Merck & Co., Inc. by 1,475.6% in the second quarter. Strategic Financial Concepts LLC now owns 35,057 shares of the company’s stock valued at $43,000 after purchasing an additional 32,832 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its position in Merck & Co., Inc. by 47.5% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 379 shares of the company’s stock worth $43,000 after buying an additional 122 shares in the last quarter. 76.07% of the stock is owned by institutional investors.
Merck & Co., Inc. Trading Up 0.1 %
Shares of Merck & Co., Inc. stock traded up $0.12 during trading on Thursday, hitting $98.62. The company’s stock had a trading volume of 2,699,636 shares, compared to its average volume of 8,849,343. The stock has a market cap of $249.47 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 1.41 and a beta of 0.40. Merck & Co., Inc. has a 52 week low of $97.90 and a 52 week high of $134.63. The stock has a 50-day moving average price of $109.68 and a two-hundred day moving average price of $119.35. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.36 and a quick ratio of 1.15.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Daiwa Capital Markets downgraded Merck & Co., Inc. from a “buy” rating to a “neutral” rating in a research report on Monday. Morgan Stanley decreased their target price on shares of Merck & Co., Inc. from $130.00 to $123.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. BMO Capital Markets dropped their price target on shares of Merck & Co., Inc. from $150.00 to $136.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company cut their price target on shares of Merck & Co., Inc. from $125.00 to $110.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Finally, Evercore ISI upgraded shares of Merck & Co., Inc. to a “strong-buy” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Merck & Co., Inc. has an average rating of “Moderate Buy” and an average price target of $130.86.
Read Our Latest Stock Report on MRK
Merck & Co., Inc. Company Profile
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 under the Keytruda, Bridion, Adempas, Lagevrio, Belsomra, Simponi, and Januvia brands, as well as vaccine products consisting of preventive pediatric, adolescent, and adult vaccines under the Gardasil/Gardasil 9, ProQuad, M-M-R II, Varivax, RotaTeq, Live Oral, Vaxneuvance, Pneumovax 23, and Vaqta names.
Featured Stories
- Five stocks we like better than Merck & Co., Inc.
- High Dividend REITs: Are They an Ideal Way to Diversify?
- 3 GARP Stocks Offering Strong Growth: Aptiv, Allstate, Barrick
- Buy P&G Now, Before It Sets A New All-Time High
- Mouse Rising: The Iger Investment Pays Off for Disney Investors
- The How and Why of Investing in Gold Stocks
- Can CAVA Stock Be the Next Chipotle? Earnings Can Help
Want to see what other hedge funds are holding MRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merck & Co., Inc. (NYSE:MRK – Free Report).
Receive News & Ratings for Merck & Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merck & Co. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.