Catalyst Funds Management Pty Ltd Acquires 22,100 Shares of Merck & Co., Inc. $MRK

Catalyst Funds Management Pty Ltd increased its holdings in Merck & Co., Inc. (NYSE:MRKFree Report) by 185.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 34,000 shares of the company’s stock after purchasing an additional 22,100 shares during the period. Merck & Co., Inc. comprises about 0.8% of Catalyst Funds Management Pty Ltd’s portfolio, making the stock its 19th largest holding. Catalyst Funds Management Pty Ltd’s holdings in Merck & Co., Inc. were worth $3,579,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MRK. Kingdom Financial Group LLC. purchased a new position in Merck & Co., Inc. in the fourth quarter worth about $25,000. United Financial Planning Group LLC purchased a new position in Merck & Co., Inc. in the 3rd quarter worth approximately $31,000. High Note Wealth LLC lifted its holdings in Merck & Co., Inc. by 58.9% in the 4th quarter. High Note Wealth LLC now owns 294 shares of the company’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Tucker Asset Management LLC purchased a new position in Merck & Co., Inc. in the 4th quarter worth approximately $34,000. Finally, Wealth Watch Advisors INC purchased a new position in Merck & Co., Inc. in the 3rd quarter worth approximately $34,000. 76.07% of the stock is owned by hedge funds and other institutional investors.

Merck & Co., Inc. News Summary

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

Merck & Co., Inc. Trading Up 5.8%

Shares of NYSE:MRK opened at $122.55 on Friday. The business’s 50-day moving average is $115.92 and its 200 day moving average is $110.22. Merck & Co., Inc. has a 1 year low of $75.40 and a 1 year high of $125.14. The firm has a market capitalization of $302.67 billion, a P/E ratio of 34.52, a P/E/G ratio of 2.76 and a beta of 0.18. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.30 and a quick ratio of 1.06.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last announced its earnings results on Thursday, April 30th. The company reported ($1.28) earnings per share (EPS) 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 firm’s quarterly 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, research analysts predict that Merck & Co., Inc. will post 5.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Cantor Fitzgerald lifted their price objective on Merck & Co., Inc. from $116.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $142.00 price objective on shares of Merck & Co., Inc. in a research report on Monday, March 30th. Wells Fargo & Company lowered their target price on Merck & Co., Inc. from $150.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, May 1st. JPMorgan Chase & Co. upped their target price on Merck & Co., Inc. from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, April 6th. Finally, Barclays began coverage on Merck & Co., Inc. in a report on Friday, February 20th. They issued an “overweight” rating and a $140.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.18.

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

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.

Further Reading

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

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