Oppenheimer & Co. Inc. Reduces Stock Position in Merck & Co., Inc. $MRK

Oppenheimer & Co. Inc. reduced its position in shares of Merck & Co., Inc. (NYSE:MRKFree Report) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 161,264 shares of the company’s stock after selling 4,674 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Merck & Co., Inc. were worth $13,535,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Chemung Canal Trust Co. grew its position in shares of Merck & Co., Inc. by 21.1% in the third quarter. Chemung Canal Trust Co. now owns 76,338 shares of the company’s stock valued at $6,407,000 after purchasing an additional 13,285 shares during the period. First Pacific Financial boosted its stake in Merck & Co., Inc. by 14.7% in the 3rd quarter. First Pacific Financial now owns 47,555 shares of the company’s stock worth $3,991,000 after buying an additional 6,082 shares during the last quarter. Diversified Trust Co grew its holdings in Merck & Co., Inc. by 9.6% in the 3rd quarter. Diversified Trust Co now owns 207,838 shares of the company’s stock valued at $17,444,000 after buying an additional 18,187 shares during the period. Caxton Associates LLP increased its stake in shares of Merck & Co., Inc. by 23.3% during the 2nd quarter. Caxton Associates LLP now owns 39,421 shares of the company’s stock valued at $3,121,000 after acquiring an additional 7,458 shares during the last quarter. Finally, Amplius Wealth Advisors LLC lifted its holdings in shares of Merck & Co., Inc. by 117.4% during the 2nd quarter. Amplius Wealth Advisors LLC now owns 6,165 shares of the company’s stock worth $488,000 after acquiring an additional 3,329 shares during the period. Institutional investors and hedge funds own 76.07% of the company’s stock.

Insider Activity at Merck & Co., Inc.

In other news, insider Johannes Jacobus Oosthuizen sold 15,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $121.87, for a total transaction of $1,828,050.00. Following the transaction, the insider directly owned 21,197 shares of the company’s stock, valued at approximately $2,583,278.39. The trade was a 41.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Michael Williams sold 5,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $121.91, for a total transaction of $609,550.00. Following the sale, the executive vice president directly owned 30,838 shares of the company’s stock, valued at approximately $3,759,460.58. The trade was a 13.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 320,176 shares of company stock valued at $38,281,735. 0.09% of the stock is currently owned by corporate insiders.

Trending Headlines about Merck & Co., Inc.

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Merck & Co., Inc. Trading Down 3.5%

NYSE:MRK opened at $117.67 on Tuesday. The business’s 50-day moving average is $106.89 and its two-hundred day moving average is $93.53. The firm has a market capitalization of $292.06 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 2.28 and a beta of 0.28. Merck & Co., Inc. has a 12 month low of $73.31 and a 12 month high of $122.66. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.44.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last posted its earnings results on Tuesday, February 3rd. The company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.03. The business had revenue of $16.40 billion during the quarter, compared to analyst estimates of $16.19 billion. Merck & Co., Inc. had a return on equity of 45.22% and a net margin of 28.08%.The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.72 earnings per share. Merck & Co., Inc. has set its FY 2026 guidance at 5.000-5.150 EPS. Research analysts predict that Merck & Co., Inc. will post 9.01 earnings per share for the current fiscal year.

Merck & Co., Inc. Announces Dividend

The company 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 2.9%. Merck & Co., Inc.’s dividend payout ratio (DPR) is 46.70%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MRK shares. Bank of America boosted their target price on shares of Merck & Co., Inc. from $105.00 to $120.00 and gave the company a “buy” rating in a report on Monday, December 15th. UBS Group boosted their price objective on shares of Merck & Co., Inc. from $105.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Morgan Stanley increased their target price on Merck & Co., Inc. from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Friday, December 12th. Zacks Research cut Merck & Co., Inc. from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Finally, The Goldman Sachs Group boosted their price target on Merck & Co., Inc. from $92.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $120.93.

Get Our Latest Stock Analysis on Merck & Co., Inc.

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.

See Also

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

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