Becker Capital Management Inc. reduced its holdings in Merck & Co., Inc. (NYSE:MRK – Free Report) by 2.5% in the third quarter, HoldingsChannel reports. The firm owned 296,427 shares of the company’s stock after selling 7,498 shares during the period. Becker Capital Management Inc.’s holdings in Merck & Co., Inc. were worth $25,119,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Darwin Wealth Management LLC grew its holdings in Merck & Co., Inc. by 237.4% in the third quarter. Darwin Wealth Management LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 216 shares during the period. Kilter Group LLC bought a new position in shares of Merck & Co., Inc. during the 2nd quarter worth about $27,000. Bare Financial Services Inc boosted its position in shares of Merck & Co., Inc. by 51.9% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the company’s stock worth $29,000 after purchasing an additional 125 shares in the last quarter. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Merck & Co., Inc. by 302.3% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 354 shares of the company’s stock valued at $30,000 after buying an additional 266 shares during the period. Finally, Evolution Wealth Management Inc. bought a new stake in Merck & Co., Inc. in the 2nd quarter valued at about $31,000. 76.07% of the stock is currently owned by institutional investors.
Merck & Co., Inc. Stock Up 3.5%
MRK opened at $123.45 on Monday. Merck & Co., Inc. has a fifty-two week low of $73.31 and a fifty-two week high of $125.14. The firm has a market capitalization of $305.22 billion, a P/E ratio of 16.96, a PEG ratio of 2.40 and a beta of 0.27. The company’s 50-day moving average is $112.93 and its 200 day moving average is $97.49. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.54 and a quick ratio of 1.30.
Merck & Co., Inc. (NYSE:MRK – Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $2.01 by $0.03. Merck & Co., Inc. had a net margin of 28.08% and a return on equity of 44.57%. The firm had revenue of $16.40 billion during the quarter, compared to analyst estimates of $16.19 billion. During the same quarter last year, the business posted $1.72 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Merck & Co., Inc. has set its FY 2026 guidance at 5.000-5.150 EPS. Research analysts expect that Merck & Co., Inc. will post 9.01 earnings per share for the current fiscal year.
Merck & Co., Inc. Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Monday, March 16th will be given a $0.85 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.40 annualized dividend and a yield of 2.8%. Merck & Co., Inc.’s payout ratio is currently 46.70%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on MRK. Wall Street Zen lowered Merck & Co., Inc. from a “buy” rating to a “hold” rating in a report on Saturday. Scotiabank upped their target price on Merck & Co., Inc. from $105.00 to $120.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 4th. Zacks Research cut Merck & Co., Inc. from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Wells Fargo & Company lifted their price target on shares of Merck & Co., Inc. from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Finally, Barclays started coverage on shares of Merck & Co., Inc. in a research note on Friday, February 20th. They set an “overweight” rating and a $140.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Merck & Co., Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $125.88.
Get Our Latest Analysis on MRK
Insiders Place Their Bets
In other news, EVP Richard R. Deluca sold 37,685 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $120.92, for a total transaction of $4,556,870.20. Following the completion of the sale, the executive vice president directly owned 160,174 shares of the company’s stock, valued at $19,368,240.08. This trade represents a 19.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Caroline Litchfield sold 41,997 shares of Merck & Co., Inc. stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $119.61, for a total value of $5,023,261.17. Following the sale, the chief financial officer owned 90,192 shares in the company, valued at $10,787,865.12. The trade was a 31.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 320,176 shares of company stock valued at $38,281,735. 0.09% of the stock is currently owned by insiders.
Merck & Co., Inc. Profile
(Free Report)
Merck & Co, Inc is a global biopharmaceutical company engaged in the discovery, development, manufacture and marketing of prescription medicines, vaccines, biologic therapies and animal health products. Its portfolio spans multiple therapeutic areas with a particular emphasis on oncology, vaccines and infectious disease, as well as therapies for metabolic and chronic conditions. Among its well-known products are the cancer immunotherapy Keytruda (pembrolizumab) and the human papillomavirus vaccine Gardasil; the company also markets a range of medicines and vaccines for veterinary use through Merck Animal Health.
Founded in the late 19th century as the U.S.
Further Reading
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