Empire Financial Management Company LLC reduced its position in shares of Merck & Co., Inc. (NYSE:MRK – Free Report) by 16.0% during the first quarter, Holdings Channel reports. The institutional investor owned 39,960 shares of the company’s stock after selling 7,623 shares during the period. Merck & Co., Inc. comprises about 1.1% of Empire Financial Management Company LLC’s portfolio, making the stock its 23rd largest holding. Empire Financial Management Company LLC’s holdings in Merck & Co., Inc. were worth $4,807,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also added to or reduced their stakes in MRK. Chesapeake Wealth Management increased its holdings in shares of Merck & Co., Inc. by 0.6% during the fourth quarter. Chesapeake Wealth Management now owns 14,740 shares of the company’s stock valued at $1,552,000 after acquiring an additional 87 shares in the last quarter. South Plains Financial Inc. lifted its holdings in shares of Merck & Co., Inc. by 0.6% in the 4th quarter. South Plains Financial Inc. now owns 15,535 shares of the company’s stock worth $1,635,000 after purchasing an additional 89 shares in the last quarter. Syverson Strege & Co lifted its holdings in shares of Merck & Co., Inc. by 2.2% in the 4th quarter. Syverson Strege & Co now owns 4,142 shares of the company’s stock worth $436,000 after purchasing an additional 90 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Merck & Co., Inc. by 0.4% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 23,433 shares of the company’s stock worth $2,819,000 after purchasing an additional 91 shares in the last quarter. Finally, Westside Investment Management Inc. grew its position in Merck & Co., Inc. by 3.1% in the 4th quarter. Westside Investment Management Inc. now owns 3,142 shares of the company’s stock valued at $331,000 after purchasing an additional 93 shares during the period. Institutional investors own 76.07% of the company’s stock.
Merck & Co., Inc. Stock Performance
NYSE MRK opened at $131.85 on Wednesday. The company has a market capitalization of $325.64 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 5.19 and a beta of 0.19. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.06 and a current ratio of 1.30. Merck & Co., Inc. has a 52-week low of $76.66 and a 52-week high of $135.05. The company has a 50-day simple moving average of $122.39 and a 200 day simple moving average of $118.10.
Merck & Co., Inc. Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Monday, June 15th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, June 15th. Merck & Co., Inc.’s payout ratio is 95.77%.
Key Headlines Impacting Merck & Co., Inc.
Here are the key news stories impacting Merck & Co., Inc. this week:
- Positive Sentiment: Merck reported that KEYTRUDA met the primary progression-free-survival endpoint in the Phase 3 KEYNOTE-C93 trial for advanced or recurrent endometrial cancer. The result represents a statistically significant benefit over platinum chemotherapy and could support future regulatory filings, strengthening the company’s oncology pipeline. Merck Says KEYTRUDA Beat Chemotherapy in Phase 3 Endometrial Cancer Trial
- Positive Sentiment: Merck is expanding its growth opportunities beyond KEYTRUDA. A royalty-free licensing agreement will enable generic HIV-prevention treatment supply across 129 low- and middle-income countries, while U.S. approval of LIPFENDRA, described as the first oral PCSK9 inhibitor for LDL reduction, broadens its cardiovascular portfolio. Merck Expands HIV PrEP Access and Launches Oral Cholesterol Drug
- Positive Sentiment: Wells Fargo maintained its Buy rating on MRK, signaling continued confidence in the company’s outlook despite near-term earnings pressure. Wells Fargo Sticks to Its Buy Rating for Merck
- Neutral Sentiment: Brokerage firms collectively assigned Merck an average “Moderate Buy” rating, indicating constructive sentiment but not a unanimous expectation of strong upside. Merck Given Average Moderate Buy Rating by Brokerages
- Negative Sentiment: Analysts expect Merck’s upcoming second-quarter earnings to decline, and previews indicate the company may lack the earnings and revenue momentum typically associated with a likely consensus beat. This could limit near-term gains ahead of the report. Merck Q2 Earnings Expected to Decline
Wall Street Analysts Forecast Growth
A number of brokerages have commented on MRK. Morgan Stanley boosted their price target on shares of Merck & Co., Inc. from $112.00 to $113.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Guggenheim raised their price objective on shares of Merck & Co., Inc. from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Scotiabank lifted their price objective on shares of Merck & Co., Inc. from $136.00 to $155.00 and gave the company a “sector outperform” rating in a report on Tuesday, June 30th. Cantor Fitzgerald reissued a “neutral” rating and set a $120.00 target price on shares of Merck & Co., Inc. in a research report on Monday, July 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Merck & Co., Inc. from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.94.
Read Our Latest Analysis on Merck & Co., Inc.
Merck & Co., Inc. Profile
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.
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