Creative Capital Management Investments LLC raised its holdings in Merck & Co., Inc. (NYSE:MRK – Free Report) by 33.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,488 shares of the company’s stock after purchasing an additional 375 shares during the quarter. Creative Capital Management Investments LLC’s holdings in Merck & Co., Inc. were worth $118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. Little House Capital LLC grew its stake in Merck & Co., Inc. by 1.2% in the 2nd quarter. Little House Capital LLC now owns 25,236 shares of the company’s stock valued at $1,998,000 after purchasing an additional 308 shares during the period. Semus Wealth Partners LLC lifted its position in shares of Merck & Co., Inc. by 8.2% during the 1st quarter. Semus Wealth Partners LLC now owns 5,039 shares of the company’s stock valued at $452,000 after buying an additional 382 shares during the last quarter. Longfellow Investment Management Co. LLC lifted its position in shares of Merck & Co., Inc. by 20.4% during the 1st quarter. Longfellow Investment Management Co. LLC now owns 19,376 shares of the company’s stock valued at $1,739,000 after buying an additional 3,282 shares during the last quarter. Quilter Plc lifted its position in shares of Merck & Co., Inc. by 5.6% during the 1st quarter. Quilter Plc now owns 1,180,797 shares of the company’s stock valued at $105,988,000 after buying an additional 62,933 shares during the last quarter. Finally, Simplicity Wealth LLC lifted its position in shares of Merck & Co., Inc. by 991.7% during the 1st quarter. Simplicity Wealth LLC now owns 33,394 shares of the company’s stock valued at $2,997,000 after buying an additional 30,335 shares during the last quarter. Institutional investors own 76.07% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Merck & Co., Inc. in a research report on Saturday, September 27th. Wells Fargo & Company dropped their price target on Merck & Co., Inc. from $97.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 30th. Berenberg Bank cut Merck & Co., Inc. from a “buy” rating to a “hold” rating and dropped their price target for the company from $100.00 to $90.00 in a research report on Wednesday, September 17th. Finally, Morgan Stanley dropped their price objective on Merck & Co., Inc. from $99.00 to $98.00 and set an “equal weight” rating on the stock in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $106.41.
Merck & Co., Inc. Stock Performance
NYSE:MRK opened at $89.25 on Friday. The business’s 50-day moving average price is $82.87 and its two-hundred day moving average price is $81.69. Merck & Co., Inc. has a twelve month low of $73.31 and a twelve month high of $111.58. The stock has a market cap of $222.93 billion, a P/E ratio of 13.75, a PEG ratio of 0.92 and a beta of 0.37. The company has a quick ratio of 1.17, a current ratio of 1.42 and a debt-to-equity ratio of 0.69.
Merck & Co., Inc. (NYSE:MRK – Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.10. Merck & Co., Inc. had a return on equity of 41.05% and a net margin of 25.79%.The firm had revenue of $15.81 billion for the quarter, compared to analysts’ expectations of $15.92 billion. Merck & Co., Inc. has set its FY 2025 guidance at 8.870-8.970 EPS. As a group, equities analysts predict that Merck & Co., Inc. will post 9.01 EPS for the current fiscal year.
Merck & Co., Inc. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.24 annualized dividend and a dividend yield of 3.6%. Merck & Co., Inc.’s dividend payout ratio (DPR) is presently 49.92%.
Merck & Co., Inc. Company Profile
Merck & Co, Inc is a health care company, which engages in the provision of health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. It operates through the following segments: Pharmaceutical, Animal Health, and Other. The Pharmaceutical segment includes human health pharmaceutical and vaccine products.
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