Tealwood Asset Management Inc. Sells 5,278 Shares of Merck & Co., Inc. $MRK

by · The Markets Daily

Tealwood Asset Management Inc. reduced its stake in shares of Merck & Co., Inc. (NYSE:MRKFree Report) by 21.7% in the fourth quarter, HoldingsChannel reports. The firm owned 19,060 shares of the company’s stock after selling 5,278 shares during the period. Tealwood Asset Management Inc.’s holdings in Merck & Co., Inc. were worth $2,006,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MRK. DLD Asset Management LP bought a new position in Merck & Co., Inc. in the second quarter worth about $2,889,340,000. Norges Bank bought a new stake in shares of Merck & Co., Inc. in the 2nd quarter valued at about $2,858,570,000. Franklin Resources Inc. boosted its holdings in shares of Merck & Co., Inc. by 23.5% in the 2nd quarter. Franklin Resources Inc. now owns 27,032,601 shares of the company’s stock valued at $2,139,901,000 after buying an additional 5,135,748 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Merck & Co., Inc. by 35.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 19,456,096 shares of the company’s stock worth $1,540,145,000 after buying an additional 5,094,088 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Merck & Co., Inc. by 9.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 53,865,466 shares of the company’s stock worth $4,263,991,000 after buying an additional 4,636,183 shares during the last quarter. Institutional investors own 76.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MRK. Wall Street Zen cut shares of Merck & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Wells Fargo & Company lifted their price target on shares of Merck & Co., Inc. from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Merck & Co., Inc. in a research report on Monday, December 29th. Cantor Fitzgerald increased their price objective on Merck & Co., Inc. from $116.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Scotiabank raised their price objective on Merck & Co., Inc. from $105.00 to $120.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Merck & Co., Inc. has a consensus rating of “Moderate Buy” and an average price target of $127.13.

Check Out Our Latest Research Report on MRK

Insider Activity at Merck & Co., Inc.

In related news, insider Johannes Jacobus Oosthuizen sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $121.87, for a total value of $1,828,050.00. Following the sale, the insider owned 21,197 shares in the company, valued at $2,583,278.39. This represents a 41.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard R. Deluca sold 37,685 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 160,174 shares in the company, valued at approximately $19,368,240.08. This trade represents a 19.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 320,176 shares of company stock worth $38,281,735 in the last quarter. 0.13% of the stock is owned by insiders.

Merck & Co., Inc. Stock Performance

Shares of Merck & Co., Inc. stock opened at $114.17 on Friday. The firm has a market capitalization of $282.27 billion, a P/E ratio of 15.68, a PEG ratio of 2.21 and a beta of 0.27. 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 company has a 50 day moving average price of $115.81 and a 200 day moving average price of $100.65. Merck & Co., Inc. has a 52 week low of $73.31 and a 52 week high of $125.14.

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

Merck & Co., Inc. Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, March 16th. This represents a $3.40 dividend on an annualized basis and a yield of 3.0%. Merck & Co., Inc.’s dividend payout ratio (DPR) is 46.70%.

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.

Read More

Want to see what other hedge funds are holding MRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merck & Co., Inc. (NYSE:MRKFree Report).