Merck & Co., Inc. $MRK Shares Sold by Costello Asset Management INC

Costello Asset Management INC trimmed its stake in Merck & Co., Inc. (NYSE:MRKFree Report) by 62.1% in the third quarter, Holdings Channel.com reports. The firm owned 16,733 shares of the company’s stock after selling 27,414 shares during the quarter. Costello Asset Management INC’s holdings in Merck & Co., Inc. were worth $1,404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC raised its position in shares of Merck & Co., Inc. by 29.5% in the 4th quarter. Brighton Jones LLC now owns 38,278 shares of the company’s stock worth $3,808,000 after buying an additional 8,710 shares during the period. Sivia Capital Partners LLC grew its position in Merck & Co., Inc. by 52.2% during the second quarter. Sivia Capital Partners LLC now owns 11,494 shares of the company’s stock valued at $910,000 after acquiring an additional 3,941 shares during the period. Yarger Wealth Strategies LLC grew its position in Merck & Co., Inc. by 80.0% during the second quarter. Yarger Wealth Strategies LLC now owns 5,188 shares of the company’s stock valued at $411,000 after acquiring an additional 2,305 shares during the period. Ellis Investment Partners LLC increased its stake in Merck & Co., Inc. by 0.6% during the second quarter. Ellis Investment Partners LLC now owns 28,431 shares of the company’s stock worth $2,251,000 after acquiring an additional 173 shares during the last quarter. Finally, Almanack Investment Partners LLC. raised its holdings in shares of Merck & Co., Inc. by 350.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 18,349 shares of the company’s stock worth $1,453,000 after purchasing an additional 14,276 shares during the period. Institutional investors and hedge funds own 76.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MRK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Merck & Co., Inc. in a report on Monday, December 29th. UBS Group boosted their price objective on shares of Merck & Co., Inc. from $105.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Wells Fargo & Company increased their price objective on shares of Merck & Co., Inc. from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Wolfe Research raised shares of Merck & Co., Inc. from a “peer perform” rating to an “outperform” rating and set a $135.00 target price on the stock in a research note on Thursday, January 8th. Finally, BMO Capital Markets raised shares of Merck & Co., Inc. from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $82.00 to $130.00 in a research report on Thursday, December 18th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $120.93.

Read Our Latest Stock Analysis on MRK

More Merck & Co., Inc. News

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

Merck & Co., Inc. Trading Down 3.5%

MRK opened at $117.67 on Tuesday. The firm’s 50 day moving average is $106.89 and its 200-day moving average is $93.53. Merck & Co., Inc. has a 52-week low of $73.31 and a 52-week high of $122.66. The company has a quick ratio of 1.44, a current ratio of 1.66 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $292.06 billion, a P/E ratio of 16.16, a P/E/G ratio of 2.28 and a beta of 0.28.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.03. Merck & Co., Inc. had a net margin of 28.08% and a return on equity of 45.22%. The business had revenue of $16.40 billion during the quarter, compared to analyst estimates of $16.19 billion. During the same period last year, the business earned $1.72 EPS. The business’s revenue 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. Analysts expect that Merck & Co., Inc. will post 9.01 EPS for the current fiscal year.

Merck & Co., Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.85 per share. The ex-dividend date is Monday, March 16th. This represents a $3.40 annualized dividend and a dividend yield of 2.9%. Merck & Co., Inc.’s dividend payout ratio (DPR) is currently 46.70%.

Insider Buying and Selling at Merck & Co., Inc.

In related news, EVP Jennifer Zachary sold 121,573 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $119.15, for a total value of $14,485,422.95. Following the transaction, the executive vice president owned 68,916 shares in the company, valued at approximately $8,211,341.40. The trade was a 63.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Chirfi Guindo sold 10,000 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $118.41, for a total value of $1,184,100.00. Following the completion of the transaction, the chief marketing officer directly owned 70,615 shares of the company’s stock, valued at $8,361,522.15. This represents a 12.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 320,176 shares of company stock valued at $38,281,735. Company insiders own 0.09% of the company’s stock.

Merck & Co., Inc. Company 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.

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

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