Redwood Investment Management LLC Sells 5,967 Shares of Merck & Co., Inc. $MRK

Redwood Investment Management LLC lessened its position in Merck & Co., Inc. (NYSE:MRKFree Report) by 54.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,896 shares of the company’s stock after selling 5,967 shares during the period. Redwood Investment Management LLC’s holdings in Merck & Co., Inc. were worth $589,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Ballast Advisors LLC bought a new stake in Merck & Co., Inc. during the 1st quarter worth approximately $196,000. Sapient Capital LLC increased its position in Merck & Co., Inc. by 63.4% in the 1st quarter. Sapient Capital LLC now owns 16,402 shares of the company’s stock valued at $1,987,000 after acquiring an additional 6,365 shares during the period. Vilga Financial Planning LLC bought a new position in shares of Merck & Co., Inc. during the first quarter valued at $232,000. LFG Wealth Partners LLC raised its stake in shares of Merck & Co., Inc. by 4.8% during the first quarter. LFG Wealth Partners LLC now owns 10,282 shares of the company’s stock valued at $1,237,000 after acquiring an additional 469 shares during the last quarter. Finally, Dakota Community Bank & Trust NA lifted its holdings in shares of Merck & Co., Inc. by 5.4% during the first quarter. Dakota Community Bank & Trust NA now owns 3,832 shares of the company’s stock worth $461,000 after purchasing an additional 197 shares during the period. 76.07% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several brokerages recently weighed in on MRK. Wells Fargo & Company boosted their price objective on shares of Merck & Co., Inc. from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. UBS Group raised their target price on Merck & Co., Inc. from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Morgan Stanley lifted their target price on Merck & Co., Inc. from $112.00 to $113.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Wall Street Zen lowered Merck & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, BMO Capital Markets upped their price target on Merck & Co., Inc. from $135.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Merck & Co., Inc. has a consensus rating of “Moderate Buy” and an average price target of $134.50.

Check Out Our Latest Stock Report on Merck & Co., Inc.

Merck & Co., Inc. Price Performance

Shares of MRK opened at $128.28 on Wednesday. The firm has a market cap of $316.83 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 5.07 and a beta of 0.19. Merck & Co., Inc. has a 52-week low of $77.58 and a 52-week high of $135.05. The business’s 50 day moving average price is $123.45 and its two-hundred day moving average price is $118.78. 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. (NYSE:MRKGet Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.13. The company had revenue of $16.61 billion during the quarter, compared to the consensus estimate of $16.37 billion. Merck & Co., Inc. had a net margin of 13.59% and a return on equity of 27.55%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.13 EPS. Merck & Co., Inc. has set its FY 2026 guidance at 2.660-2.760 EPS. On average, equities analysts anticipate that Merck & Co., Inc. will post 2.74 EPS for the current year.

Merck & Co., Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Merck & Co., Inc.’s dividend payout ratio (DPR) is presently 95.77%.

Merck & Co., Inc. 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.

Further Reading

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

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