Saturna Capital CORP Has $426,000 Position in Merck & Co., Inc. (MRK)

Saturna Capital CORP lifted its stake in shares of Merck & Co., Inc. (NYSE:MRK) by 39.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,699 shares of the company’s stock after buying an additional 1,900 shares during the period. Saturna Capital CORP’s holdings in Merck & Co. were worth $426,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Lumbard & Kellner LLC boosted its position in shares of Merck & Co. by 8.2% during the first quarter. Lumbard & Kellner LLC now owns 6,365 shares of the company’s stock valued at $404,000 after buying an additional 485 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in shares of Merck & Co. by 21.3% during the first quarter. Flagship Harbor Advisors LLC now owns 23,246 shares of the company’s stock valued at $1,478,000 after buying an additional 4,075 shares during the last quarter. PVG Asset Management Corp purchased a new position in shares of Merck & Co. during the first quarter valued at approximately $2,781,000. Edgestream Partners L.P. boosted its position in shares of Merck & Co. by 394.5% during the first quarter. Edgestream Partners L.P. now owns 24,357 shares of the company’s stock valued at $1,548,000 after buying an additional 19,431 shares during the last quarter. Finally, National Asset Management Inc. boosted its position in shares of Merck & Co. by 6.0% during the first quarter. National Asset Management Inc. now owns 49,621 shares of the company’s stock valued at $3,156,000 after buying an additional 2,815 shares during the last quarter. 73.02% of the stock is currently owned by institutional investors.

MRK has been the topic of several analyst reports. Vetr upgraded Merck & Co. from a “sell” rating to a “strong-buy” rating and set a $71.50 price target on the stock in a report on Monday, May 15th. Jefferies Group LLC reiterated a “sell” rating and set a $51.00 price target on shares of Merck & Co. in a report on Wednesday, May 24th. Zacks Investment Research lowered Merck & Co. from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. BMO Capital Markets reiterated a “buy” rating and set a $74.00 price target on shares of Merck & Co. in a report on Tuesday, June 6th. Finally, Credit Suisse Group set a $72.00 price target on Merck & Co. and gave the stock a “buy” rating in a report on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $70.00.

Merck & Co., Inc. (NYSE:MRK) traded up 0.57% during mid-day trading on Tuesday, hitting $65.50. The company had a trading volume of 3,108,040 shares. The company has a market capitalization of $178.64 billion, a price-to-earnings ratio of 35.46 and a beta of 0.81. Merck & Co., Inc. has a 52 week low of $58.29 and a 52 week high of $66.80. The firm’s 50 day moving average is $62.98 and its 200 day moving average is $63.69.

Merck & Co. (NYSE:MRK) last released its quarterly earnings results on Friday, July 28th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.14. The firm had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.75 billion. Merck & Co. had a return on equity of 19.69% and a net margin of 19.65%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. On average, equities research analysts predict that Merck & Co., Inc. will post $3.87 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 15th will be paid a $0.47 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.89%. Merck & Co.’s dividend payout ratio (DPR) is currently 76.11%.

COPYRIGHT VIOLATION WARNING: This piece was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/09/12/saturna-capital-corp-has-426000-position-in-merck-co-inc-mrk.html.

About Merck & Co.

Merck & Co, Inc is a global healthcare company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. It operates through four segments: Pharmaceutical, Animal Health, Healthcare Services and Alliances. The Company’s Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures.

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).

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

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.

Latest News

Leave a Reply