Acadian Asset Management LLC Purchases 498 Shares of Merck & Co., Inc. (MRK)

Acadian Asset Management LLC increased its position in shares of Merck & Co., Inc. (NYSE:MRK) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,602 shares of the company’s stock after buying an additional 498 shares during the quarter. Acadian Asset Management LLC’s holdings in Merck & Co. were worth $8,177,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MRK. Quadrant Capital Group LLC grew its position in Merck & Co. by 2.3% during the first quarter. Quadrant Capital Group LLC now owns 21,272 shares of the company’s stock worth $1,338,000 after buying an additional 469 shares in the last quarter. Newman Dignan & Sheerar Inc. grew its position in Merck & Co. by 0.8% during the first quarter. Newman Dignan & Sheerar Inc. now owns 64,307 shares of the company’s stock worth $4,086,000 after buying an additional 493 shares in the last quarter. National Pension Service grew its position in Merck & Co. by 0.5% during the first quarter. National Pension Service now owns 1,809,033 shares of the company’s stock worth $114,783,000 after buying an additional 9,751 shares in the last quarter. Carroll Financial Associates Inc. grew its position in Merck & Co. by 3.7% during the first quarter. Carroll Financial Associates Inc. now owns 23,842 shares of the company’s stock worth $1,514,000 after buying an additional 853 shares in the last quarter. Finally, Kempner Capital Management Inc. grew its position in Merck & Co. by 5.1% during the first quarter. Kempner Capital Management Inc. now owns 20,480 shares of the company’s stock worth $1,301,000 after buying an additional 995 shares in the last quarter. 73.02% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on MRK. BMO Capital Markets reaffirmed a “buy” rating and set a $72.00 price objective on shares of Merck & Co. in a report on Friday. Credit Suisse Group reaffirmed an “outperform” rating and set a $74.00 price objective (down from $75.00) on shares of Merck & Co. in a report on Tuesday, September 5th. Cowen and Company reaffirmed a “hold” rating and set a $70.00 price objective on shares of Merck & Co. in a report on Friday, September 1st. Jefferies Group LLC reaffirmed a “sell” rating and set a $52.00 price objective on shares of Merck & Co. in a report on Sunday, August 20th. Finally, HSBC Holdings plc raised Merck & Co. from a “reduce” rating to a “hold” rating in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $70.00.

Merck & Co., Inc. (NYSE MRK) traded up 0.58% on Tuesday, reaching $65.51. 3,716,365 shares of the company traded hands. The stock has a 50-day moving average of $62.98 and a 200 day moving average of $63.69. Merck & Co., Inc. has a 52-week low of $58.29 and a 52-week high of $66.80. The company has a market capitalization of $178.67 billion, a PE ratio of 35.47 and a beta of 0.81.

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

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

WARNING: “Acadian Asset Management LLC Purchases 498 Shares of Merck & Co., Inc. (MRK)” was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/2887033/acadian-asset-management-llc-purchases-498-shares-of-merck-co-inc-mrk.html.

Merck & Co. Company Profile

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

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.