Cyndeo Wealth Partners LLC Grows Stake in Merck & Co., Inc. $MRK

Cyndeo Wealth Partners LLC lifted its stake in shares of Merck & Co., Inc. (NYSE:MRKFree Report) by 397.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,485 shares of the company’s stock after purchasing an additional 96,254 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Merck & Co., Inc. were worth $10,112,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. DLD Asset Management LP bought a new stake in shares of Merck & Co., Inc. in the second quarter valued at $2,889,340,000. Norges Bank bought a new position in shares of Merck & Co., Inc. during the 2nd quarter worth $2,858,570,000. Franklin Resources Inc. increased its holdings in Merck & Co., Inc. by 23.5% in the 2nd quarter. Franklin Resources Inc. now owns 27,032,601 shares of the company’s stock worth $2,139,901,000 after acquiring an additional 5,135,748 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in 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 valued at $1,540,145,000 after acquiring an additional 5,094,088 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in 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 valued at $4,263,991,000 after acquiring an additional 4,636,183 shares during the period. Hedge funds and other institutional investors own 76.07% of the company’s stock.

Insider Activity

In related news, EVP David Michael Williams sold 8,614 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $83.59, for a total transaction of $720,044.26. Following the transaction, the executive vice president owned 24,578 shares in the company, valued at $2,054,475.02. The trade was a 25.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company upgraded Merck & Co., Inc. from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $90.00 to $125.00 in a research report on Monday, November 24th. Citigroup began coverage on shares of Merck & Co., Inc. in a research report on Monday, October 13th. They set a “neutral” rating and a $95.00 target price for the company. Berenberg Bank lowered Merck & Co., Inc. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $100.00 to $90.00 in a research note on Wednesday, September 17th. Morgan Stanley upped their price objective on shares of 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. Finally, Scotiabank increased their target price on Merck & Co., Inc. from $105.00 to $120.00 and gave the company a “sector outperform” rating in a report on Thursday, December 4th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Merck & Co., Inc. presently has an average rating of “Hold” and an average price target of $110.13.

View Our Latest Analysis on MRK

More Merck & Co., Inc. News

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Merck & Co., Inc. Price Performance

Shares of MRK stock opened at $100.92 on Friday. The firm has a market cap of $250.49 billion, a P/E ratio of 13.33, a P/E/G ratio of 0.97 and a beta of 0.29. Merck & Co., Inc. has a fifty-two week low of $73.31 and a fifty-two week high of $105.84. The business’s 50 day moving average price is $93.36 and its 200-day moving average price is $86.12. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.66.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last announced its earnings results on Thursday, October 30th. The company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.22. The company had revenue of $17.28 billion during the quarter, compared to the consensus estimate of $17 billion. Merck & Co., Inc. had a return on equity of 44.54% and a net margin of 29.63%.The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 earnings per share. Merck & Co., Inc. has set its FY 2025 guidance at 8.930-8.980 EPS. On average, equities research analysts anticipate that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Merck & Co., Inc.’s previous quarterly dividend of $0.81. Merck & Co., Inc.’s payout ratio is presently 44.91%.

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.

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

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