Legal & General Group Plc Buys 1,156,112 Shares of Merck & Co., Inc. $MRK

Legal & General Group Plc boosted its position in Merck & Co., Inc. (NYSE:MRKFree Report) by 5.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 20,659,157 shares of the company’s stock after purchasing an additional 1,156,112 shares during the period. Legal & General Group Plc’s holdings in Merck & Co., Inc. were worth $1,733,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Merck & Co., Inc. by 29.5% during the 4th quarter. Brighton Jones LLC now owns 38,278 shares of the company’s stock worth $3,808,000 after acquiring an additional 8,710 shares during the period. Sivia Capital Partners LLC increased its holdings in Merck & Co., Inc. by 52.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,494 shares of the company’s stock worth $910,000 after acquiring an additional 3,941 shares during the last quarter. Zions Bancorporation National Association UT raised its stake in Merck & Co., Inc. by 3.3% in the 2nd quarter. Zions Bancorporation National Association UT now owns 5,591 shares of the company’s stock valued at $443,000 after acquiring an additional 178 shares during the period. PFG Advisors raised its stake in Merck & Co., Inc. by 14.0% in the 2nd quarter. PFG Advisors now owns 36,085 shares of the company’s stock valued at $2,857,000 after acquiring an additional 4,432 shares during the period. Finally, Summit X LLC lifted its holdings in Merck & Co., Inc. by 21.5% during the second quarter. Summit X LLC now owns 3,639 shares of the company’s stock valued at $288,000 after purchasing an additional 644 shares during the last quarter. 76.07% of the stock is owned by institutional investors.

Merck & Co., Inc. Trading Up 1.2%

Shares of Merck & Co., Inc. stock opened at $117.18 on Tuesday. The company’s 50-day moving average price is $114.42 and its 200-day moving average price is $98.93. The company has a current ratio of 1.54, a quick ratio of 1.30 and a debt-to-equity ratio of 0.89. Merck & Co., Inc. has a 12-month low of $73.31 and a 12-month high of $125.14. The company has a market cap of $289.72 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 2.24 and a beta of 0.27.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last posted its earnings results on Tuesday, February 3rd. The company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $16.40 billion for the quarter, compared to analyst estimates of $16.19 billion. During the same quarter in the prior year, the firm posted $1.72 EPS. Merck & Co., Inc.’s revenue was up 5.0% on a year-over-year basis. Merck & Co., Inc. has set its FY 2026 guidance at 5.000-5.150 EPS. On average, equities analysts expect that Merck & Co., Inc. will post 9.01 earnings per share for the current fiscal year.

Merck & Co., Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Monday, March 16th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.40 annualized dividend and a dividend yield of 2.9%. Merck & Co., Inc.’s dividend payout ratio is presently 46.70%.

Key Headlines Impacting Merck & Co., Inc.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Merck & Co., Inc. from $92.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Merck & Co., Inc. in a report on Monday, December 29th. Zacks Research lowered shares of Merck & Co., Inc. from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. Bank of America increased their target price on Merck & Co., Inc. from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Finally, Deutsche Bank Aktiengesellschaft raised Merck & Co., Inc. from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.88.

View Our Latest Report on MRK

Insider Transactions at Merck & Co., Inc.

In related news, CMO Chirfi Guindo sold 20,000 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $121.88, for a total value of $2,437,600.00. Following the sale, the chief marketing officer owned 80,615 shares in the company, valued at approximately $9,825,356.20. This trade represents a 19.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jennifer Zachary sold 121,573 shares of Merck & Co., Inc. stock in a transaction on Monday, February 9th. The shares were sold at an average price of $119.15, for a total value of $14,485,422.95. Following the sale, the executive vice president directly owned 68,916 shares of the company’s stock, valued at $8,211,341.40. This represents a 63.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 320,176 shares of company stock valued at $38,281,735. Corporate insiders own 0.09% of the company’s stock.

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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