Westpac Banking Corp Has $4.31 Million Position in Merck & Co., Inc. $MRK

Westpac Banking Corp lowered its stake in shares of Merck & Co., Inc. (NYSE:MRKFree Report) by 38.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,819 shares of the company’s stock after selling 22,263 shares during the quarter. Westpac Banking Corp’s holdings in Merck & Co., Inc. were worth $4,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MRK. Kingdom Financial Group LLC. bought a new position in Merck & Co., Inc. in the 4th quarter worth $25,000. Prosperity Bancshares Inc bought a new stake in Merck & Co., Inc. during the fourth quarter valued at about $26,000. Abound Financial LLC bought a new stake in Merck & Co., Inc. during the fourth quarter valued at about $26,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Merck & Co., Inc. in the fourth quarter valued at about $31,000. Finally, High Note Wealth LLC grew its position in shares of Merck & Co., Inc. by 58.9% in 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 during the last quarter. Institutional investors and hedge funds own 76.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wall Street Zen cut Merck & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Monday. Morgan Stanley raised their target price on Merck & Co., Inc. from $112.00 to $113.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. CICC Research started coverage on Merck & Co., Inc. in a research report on Wednesday, June 24th. They issued an “outperform” rating and a $138.00 price target on the stock. UBS Group upped their price target on Merck & Co., Inc. from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Finally, Scotiabank increased their price objective on Merck & Co., Inc. from $136.00 to $155.00 and gave the company a “sector outperform” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $133.94.

View Our Latest Report on Merck & Co., Inc.

Merck & Co., Inc. Trading Up 1.5%

Shares of Merck & Co., Inc. stock opened at $126.27 on Wednesday. The firm has a market capitalization of $311.86 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 4.95 and a beta of 0.19. 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 company’s fifty day moving average price is $120.65 and its two-hundred day moving average price is $117.29. Merck & Co., Inc. has a 52-week low of $76.66 and a 52-week high of $131.74.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported ($1.28) earnings per share for the quarter, beating the consensus estimate of ($1.47) by $0.19. Merck & Co., Inc. had a return on equity of 27.55% and a net margin of 13.59%.The company had revenue of $16.29 billion for the quarter, compared to analyst estimates of $15.85 billion. During the same period in the prior year, the company posted $2.22 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Merck & Co., Inc. has set its FY 2026 guidance at 5.040-5.160 EPS. On average, analysts expect that Merck & Co., Inc. will post 2.74 EPS for the current year.

Merck & Co., Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Monday, June 15th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, June 15th. Merck & Co., Inc.’s dividend payout ratio (DPR) is currently 95.77%.

Merck & Co., Inc. News Summary

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

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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