Jessup Wealth Management Inc Purchases Shares of 61,862 Merck & Co., Inc. $MRK

Jessup Wealth Management Inc acquired a new stake in shares of Merck & Co., Inc. (NYSE:MRKFree Report) in the fourth quarter, Holdings Channel reports. The fund acquired 61,862 shares of the company’s stock, valued at approximately $6,512,000. Merck & Co., Inc. makes up approximately 2.2% of Jessup Wealth Management Inc’s holdings, making the stock its 15th largest position.

Other hedge funds also recently bought and sold shares of the company. D.A. Davidson & CO. increased its holdings in Merck & Co., Inc. by 4.4% in the fourth quarter. D.A. Davidson & CO. now owns 576,959 shares of the company’s stock worth $60,731,000 after buying an additional 24,576 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Merck & Co., Inc. by 48.9% in the fourth quarter. Farther Finance Advisors LLC now owns 97,818 shares of the company’s stock worth $10,296,000 after buying an additional 32,114 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in Merck & Co., Inc. by 12.7% in the third quarter. Coldstream Capital Management Inc. now owns 123,366 shares of the company’s stock worth $10,364,000 after buying an additional 13,940 shares during the last quarter. NEOS Investment Management LLC increased its holdings in Merck & Co., Inc. by 39.9% in the third quarter. NEOS Investment Management LLC now owns 347,684 shares of the company’s stock worth $29,181,000 after buying an additional 99,074 shares during the last quarter. Finally, Campbell Capital Management Inc. acquired a new position in Merck & Co., Inc. in the third quarter worth approximately $1,866,000. 76.07% of the stock is owned by hedge funds and other institutional investors.

Merck & Co., Inc. Stock Down 0.5%

MRK opened at $118.99 on Thursday. Merck & Co., Inc. has a 1-year low of $76.66 and a 1-year high of $125.14. The company has a current ratio of 1.30, a quick ratio of 1.06 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $293.89 billion, a price-to-earnings ratio of 33.52, a P/E/G ratio of 2.69 and a beta of 0.21. The business has a 50 day moving average of $116.58 and a 200-day moving average of $113.02.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($1.28) earnings per share for the quarter, beating the consensus estimate of ($1.47) by $0.19. Merck & Co., Inc. had a return on equity of 27.55% and a net margin of 13.59%.The company had revenue of $16.29 billion during the quarter, compared to analysts’ expectations of $15.85 billion. During the same period in the prior year, the business earned $2.22 earnings per share. Merck & Co., Inc.’s revenue for the quarter was up 4.9% compared to the same quarter last year. Merck & Co., Inc. has set its FY 2026 guidance at 5.040-5.160 EPS. As a group, sell-side analysts anticipate that Merck & Co., Inc. will post 5.17 earnings per share for the current year.

Merck & Co., Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, June 15th. Merck & Co., Inc.’s dividend payout ratio is currently 95.77%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MRK. Deutsche Bank Aktiengesellschaft upgraded Merck & Co., Inc. from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Friday, February 13th. Weiss Ratings downgraded Merck & Co., Inc. from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 15th. Barclays started coverage on Merck & Co., Inc. in a report on Friday, February 20th. They set an “overweight” rating and a $140.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $142.00 price target on shares of Merck & Co., Inc. in a report on Monday, March 30th. Finally, Citigroup started coverage on Merck & Co., Inc. in a report on Wednesday, May 6th. They set a “neutral” rating and a $125.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.18.

View Our Latest Stock Analysis on MRK

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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.

Further Reading

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

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