Townsquare Capital LLC Has $1.76 Million Holdings in Merck & Co., Inc. $MRK

Townsquare Capital LLC cut its holdings in Merck & Co., Inc. (NYSE:MRKFree Report) by 38.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,758 shares of the company’s stock after selling 10,306 shares during the quarter. Townsquare Capital LLC’s holdings in Merck & Co., Inc. were worth $1,764,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Kingdom Financial Group LLC. acquired a new stake in shares of Merck & Co., Inc. during the fourth quarter valued at about $25,000. High Note Wealth LLC boosted its stake in shares of Merck & Co., Inc. by 58.9% during the fourth quarter. High Note Wealth LLC now owns 294 shares of the company’s stock valued at $31,000 after purchasing an additional 109 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in shares of Merck & Co., Inc. during the fourth quarter valued at about $34,000. Entrust Financial LLC acquired a new stake in shares of Merck & Co., Inc. during the fourth quarter valued at about $37,000. Finally, United Financial Planning Group LLC acquired a new stake in shares of Merck & Co., Inc. during the third quarter valued at about $31,000. 76.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MRK has been the topic of a number of recent research reports. Wells Fargo & Company cut their price target on Merck & Co., Inc. from $150.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Citigroup began coverage on Merck & Co., Inc. in a report on Wednesday, May 6th. They issued a “neutral” rating and a $125.00 price objective for the company. Weiss Ratings downgraded Merck & Co., Inc. from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 15th. Zacks Research upgraded Merck & Co., Inc. from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, JPMorgan Chase & Co. increased their price objective on Merck & Co., Inc. from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $128.18.

Check Out Our Latest Research Report on MRK

Key Headlines Impacting Merck & Co., Inc.

Here are the key news stories impacting Merck & Co., Inc. this week:

Merck & Co., Inc. Price Performance

Merck & Co., Inc. stock opened at $118.99 on Thursday. The stock’s 50 day moving average is $116.58 and its 200 day moving average is $113.02. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.30 and a quick ratio of 1.06. The firm has a market cap of $293.89 billion, a P/E ratio of 33.52, a P/E/G ratio of 2.69 and a beta of 0.21. Merck & Co., Inc. has a one year low of $76.66 and a one year high of $125.14.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($1.28) EPS for the quarter, topping analysts’ consensus estimates of ($1.47) by $0.19. The company had revenue of $16.29 billion for the quarter, compared to analyst estimates of $15.85 billion. Merck & Co., Inc. had a return on equity of 27.55% and a net margin of 13.59%.The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.22 earnings per share. Merck & Co., Inc. has set its FY 2026 guidance at 5.040-5.160 EPS. As a group, research analysts expect that Merck & Co., Inc. will post 5.17 EPS for the current year.

Merck & Co., Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, June 15th. Merck & Co., Inc.’s payout ratio is currently 95.77%.

About Merck & Co., Inc.

(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.

See Also

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

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