Bartlett & CO. Wealth Management LLC Sells 6,292 Shares of Merck & Co., Inc. $MRK

Bartlett & CO. Wealth Management LLC cut its position in shares of Merck & Co., Inc. (NYSE:MRKFree Report) by 4.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 133,436 shares of the company’s stock after selling 6,292 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Merck & Co., Inc. were worth $11,308,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new stake in shares of Merck & Co., Inc. in the second quarter valued at approximately $25,000. Kilter Group LLC bought a new position in Merck & Co., Inc. in the second quarter valued at $27,000. Bare Financial Services Inc increased its stake in Merck & Co., Inc. by 51.9% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the company’s stock valued at $29,000 after buying an additional 125 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Merck & Co., Inc. by 141.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 377 shares of the company’s stock worth $34,000 after buying an additional 221 shares in the last quarter. Finally, Evolution Wealth Management Inc. acquired a new position in shares of Merck & Co., Inc. during the 2nd quarter worth about $31,000. Institutional investors own 76.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on MRK shares. Bank of America lifted their target price on Merck & Co., Inc. from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Scotiabank upped their price objective on Merck & Co., Inc. from $105.00 to $120.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 4th. Citigroup initiated coverage on shares of Merck & Co., Inc. in a research note on Monday, October 13th. They issued a “neutral” rating and a $95.00 target price for the company. Wells Fargo & Company raised shares of Merck & Co., Inc. from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $90.00 to $125.00 in a research report on Monday, November 24th. Finally, The Goldman Sachs Group increased their price target on shares of Merck & Co., Inc. from $92.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Merck & Co., Inc. currently has a consensus rating of “Hold” and a consensus price target of $110.13.

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

Merck & Co., Inc. News Roundup

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

Merck & Co., Inc. Stock Up 0.2%

MRK opened at $100.92 on Friday. The stock’s fifty day simple moving average is $93.36 and its 200 day simple moving average is $86.12. Merck & Co., Inc. has a 1-year low of $73.31 and a 1-year high of $105.84. The stock has a market cap of $250.49 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.97 and a beta of 0.29. The company has a current ratio of 1.66, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.22. Merck & Co., Inc. had a net margin of 29.63% and a return on equity of 44.54%. The firm had revenue of $17.28 billion during the quarter, compared to analysts’ expectations of $17 billion. During the same period in the previous year, the business posted $1.57 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Merck & Co., Inc. has set its FY 2025 guidance at 8.930-8.980 EPS. As a group, research analysts expect that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Monday, December 15th will be paid a $0.85 dividend. This is an increase from Merck & Co., Inc.’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, December 15th. This represents a $3.40 dividend on an annualized basis and a yield of 3.4%. Merck & Co., Inc.’s dividend payout ratio (DPR) is currently 44.91%.

Insiders Place Their Bets

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

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.

Further Reading

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

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