Tritonpoint Wealth LLC Has $6.74 Million Stock Holdings in Merck & Co., Inc. $MRK

Tritonpoint Wealth LLC decreased its stake in Merck & Co., Inc. (NYSE:MRKFree Report) by 26.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,482 shares of the company’s stock after selling 22,727 shares during the period. Tritonpoint Wealth LLC’s holdings in Merck & Co., Inc. were worth $6,736,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. DLD Asset Management LP raised its stake in shares of Merck & Co., Inc. by 30.1% during the 3rd quarter. DLD Asset Management LP now owns 47,500,000 shares of the company’s stock worth $3,986,675,000 after purchasing an additional 11,000,000 shares in the last quarter. Legal & General Group Plc raised its position in Merck & Co., Inc. by 5.9% during 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 in the last quarter. Invesco Ltd. lifted its stake in Merck & Co., Inc. by 16.6% in the third quarter. Invesco Ltd. now owns 19,844,936 shares of the company’s stock valued at $1,665,585,000 after acquiring an additional 2,821,766 shares during the last quarter. Amundi grew its position in shares of Merck & Co., Inc. by 26.4% in the 2nd 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 period. Finally, Ameriprise Financial Inc. increased its stake in shares of Merck & Co., Inc. by 20.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 15,933,909 shares of the company’s stock worth $1,336,877,000 after purchasing an additional 2,735,459 shares during the last quarter. Institutional investors own 76.07% of the company’s stock.

Insider Activity

In other news, CEO Robert M. Davis sold 47,434 shares of Merck & Co., Inc. stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $118.04, for a total transaction of $5,599,109.36. Following the completion of the sale, the chief executive officer owned 443,602 shares of the company’s stock, valued at approximately $52,362,780.08. This trade represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Chirfi Guindo sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $121.88, for a total transaction of $2,437,600.00. Following the completion of the sale, the chief marketing officer directly owned 80,615 shares of the company’s stock, valued at approximately $9,825,356.20. The trade was a 19.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 320,176 shares of company stock worth $38,281,735. Corporate insiders own 0.13% of the company’s stock.

Merck & Co., Inc. News Summary

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

Analyst Upgrades and Downgrades

MRK has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Merck & Co., Inc. in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised Merck & Co., Inc. from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Friday, February 13th. Zacks Research upgraded Merck & Co., Inc. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. UBS Group raised their price target on Merck & Co., Inc. from $105.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Finally, Citigroup lifted their price objective on shares of Merck & Co., Inc. from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Merck & Co., Inc. has a consensus rating of “Moderate Buy” and an average target price of $127.13.

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

Merck & Co., Inc. Trading Down 0.2%

Shares of MRK stock opened at $120.62 on Friday. Merck & Co., Inc. has a 12-month low of $73.31 and a 12-month high of $125.14. The company has a market capitalization of $298.21 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 2.44 and a beta of 0.26. The firm has a 50 day moving average price of $117.72 and a two-hundred day moving average price of $103.08. The company has a quick ratio of 1.30, a current ratio of 1.54 and a debt-to-equity ratio of 0.89.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last posted its earnings results on Tuesday, February 3rd. The company reported $2.04 EPS for the quarter, beating 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 return on equity of 44.57% and a net margin of 28.08%.The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.72 earnings per share. Merck & Co., Inc. has set its FY 2026 guidance at 5.000-5.150 EPS. As a group, analysts predict that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Dividend Announcement

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

Merck & Co., Inc. 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.

See Also

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

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