Red Door Wealth Management LLC Acquires 7,300 Shares of Merck & Co., Inc. $MRK

Red Door Wealth Management LLC grew its holdings in shares of Merck & Co., Inc. (NYSE:MRKFree Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,157 shares of the company’s stock after purchasing an additional 7,300 shares during the quarter. Merck & Co., Inc. makes up 1.2% of Red Door Wealth Management LLC’s investment portfolio, making the stock its 22nd largest holding. Red Door Wealth Management LLC’s holdings in Merck & Co., Inc. were worth $11,806,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. DLD Asset Management LP grew its position in Merck & Co., Inc. by 30.1% during the third quarter. DLD Asset Management LP now owns 47,500,000 shares of the company’s stock valued at $3,986,675,000 after buying an additional 11,000,000 shares during the period. Legal & General Group Plc raised its position in Merck & Co., Inc. by 5.9% in the third quarter. Legal & General Group Plc now owns 20,659,157 shares of the company’s stock worth $1,733,923,000 after acquiring an additional 1,156,112 shares during the period. Invesco Ltd. raised its position in Merck & Co., Inc. by 16.6% in the third quarter. Invesco Ltd. now owns 19,844,936 shares of the company’s stock worth $1,665,585,000 after acquiring an additional 2,821,766 shares during the period. Amundi boosted its stake in Merck & Co., Inc. by 26.4% in the second quarter. Amundi now owns 16,532,657 shares of the company’s stock valued at $1,363,480,000 after acquiring an additional 3,454,941 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Merck & Co., Inc. by 20.7% in the third quarter. Ameriprise Financial Inc. now owns 15,933,909 shares of the company’s stock valued at $1,336,877,000 after acquiring an additional 2,735,459 shares during the last quarter. 76.07% of the stock is currently owned by institutional investors.

Merck & Co., Inc. Price Performance

Shares of NYSE:MRK opened at $120.62 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.54 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $298.21 billion, a PE ratio of 16.57, a P/E/G ratio of 2.44 and a beta of 0.26. Merck & Co., Inc. has a twelve month low of $73.31 and a twelve month high of $125.14. The company has a 50-day moving average price of $117.72 and a two-hundred day moving average price of $103.08.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.03. Merck & Co., Inc. had a net margin of 28.08% and a return on equity of 44.57%. The company had revenue of $16.40 billion for the quarter, compared to analyst estimates of $16.19 billion. During the same quarter in the previous year, the firm posted $1.72 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Merck & Co., Inc. has set its FY 2026 guidance at 5.000-5.150 EPS. Equities analysts forecast that Merck & Co., Inc. will post 9.01 EPS for the current year.

Merck & Co., Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Monday, March 16th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, March 16th. Merck & Co., Inc.’s payout ratio is currently 46.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MRK shares. Guggenheim raised their price target on shares of Merck & Co., Inc. from $122.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Morgan Stanley upped their price objective on Merck & Co., Inc. from $100.00 to $102.00 and gave the company an “equal weight” rating in a research note on Friday, December 12th. UBS Group increased their price objective on Merck & Co., Inc. from $105.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Wells Fargo & Company raised their target price on Merck & Co., Inc. from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Finally, Wolfe Research upgraded Merck & Co., Inc. from a “peer perform” rating to an “outperform” rating and set a $135.00 target price on the stock in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.13.

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

Insider Buying and Selling at Merck & Co., Inc.

In other Merck & Co., Inc. news, EVP Richard R. Deluca sold 37,685 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $120.92, for a total transaction of $4,556,870.20. Following the sale, the executive vice president owned 160,174 shares in the company, valued at $19,368,240.08. This represents a 19.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David Michael Williams sold 5,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $121.91, for a total value of $609,550.00. Following the completion of the transaction, the executive vice president directly owned 30,838 shares of the company’s stock, valued at $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 worth $38,281,735. Company insiders own 0.13% of the company’s stock.

Key Stories Impacting Merck & Co., Inc.

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

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.

See Also

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

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