Merck & Company, Inc. (MRK) Shares Bought by Iguana Healthcare Management LLC

Iguana Healthcare Management LLC increased its position in shares of Merck & Company, Inc. (NYSE:MRK) by 13.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 125,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. Merck & comprises 3.9% of Iguana Healthcare Management LLC’s investment portfolio, making the stock its 6th biggest holding. Iguana Healthcare Management LLC’s holdings in Merck & were worth $7,943,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MRK. Vigilant Capital Management LLC grew its stake in Merck & by 16.7% during the 1st quarter. Vigilant Capital Management LLC now owns 1,746 shares of the company’s stock worth $111,000 after buying an additional 250 shares during the last quarter. Gradient Investments LLC grew its stake in shares of Merck & by 41.3% in the 1st quarter. Gradient Investments LLC now owns 2,306 shares of the company’s stock valued at $147,000 after purchasing an additional 674 shares during the last quarter. Pinnacle Bank purchased a new position in shares of Merck & in the 1st quarter valued at approximately $152,000. Dillon & Associates Inc. purchased a new position in shares of Merck & in the 1st quarter valued at approximately $206,000. Finally, Stokes & Hubbell Capital Management LLC purchased a new position in shares of Merck & in the 1st quarter valued at approximately $213,000. Hedge funds and other institutional investors own 73.02% of the company’s stock.

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Several research analysts have weighed in on MRK shares. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $74.00 target price (up from $70.00) on shares of Merck & in a research note on Thursday, July 27th. Citigroup Inc. set a $65.00 target price on Merck & and gave the company a “hold” rating in a research note on Wednesday, July 5th. Zacks Investment Research raised Merck & from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a report on Friday, May 26th. BidaskClub cut Merck & from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Finally, Piper Jaffray Companies set a $70.00 price target on Merck & and gave the company a “buy” rating in a report on Saturday, July 29th. Two 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 stock. Merck & has a consensus rating of “Hold” and an average target price of $70.00.

Merck & Company, Inc. (NYSE MRK) traded up 0.06% during trading on Friday, reaching $66.16. The company’s stock had a trading volume of 14,685,767 shares. Merck & Company, Inc. has a 52 week low of $58.29 and a 52 week high of $66.80. The firm has a market capitalization of $180.44 billion, a P/E ratio of 35.76 and a beta of 0.81. The firm has a 50-day moving average price of $63.41 and a 200-day moving average price of $63.72.

Merck & (NYSE:MRK) last announced its quarterly earnings results on Friday, July 28th. The company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.14. Merck & had a net margin of 17.14% and a return on equity of 26.02%. The business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the prior year, the business earned $0.93 EPS. Merck &’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Merck & Company, Inc. will post $3.87 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 15th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, September 14th. Merck &’s dividend payout ratio is currently 76.11%.

Merck & 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.

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

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