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11,647 Shares in Merck & Co., Inc. $MRK Bought by Oslo Pensjonsforsikring AS

Merck & Co., Inc. logo with Medical background
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Key Points

  • Oslo Pensjonsforsikring AS bought a new stake in Merck during the first quarter, acquiring 11,647 shares worth about $1.4 million.
  • Institutional ownership in Merck remains high, with hedge funds and other institutional investors holding about 76.07% of the company’s shares.
  • Analysts remain broadly positive on Merck: recent price-target increases from Guggenheim and Bank of America helped keep the stock at a Moderate Buy consensus with an average target price of $133.94.
  • MarketBeat previews the top five stocks to own by August 1st.

Oslo Pensjonsforsikring AS acquired a new stake in shares of Merck & Co., Inc. (NYSE:MRK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,647 shares of the company's stock, valued at approximately $1,401,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MRK. Kingdom Financial Group LLC. purchased a new stake in Merck & Co., Inc. during the fourth quarter valued at approximately $25,000. Abound Financial LLC acquired a new stake in shares of Merck & Co., Inc. in the 4th quarter worth $26,000. Prosperity Bancshares Inc purchased a new position in Merck & Co., Inc. during the 4th quarter worth $26,000. High Note Wealth LLC increased its position in Merck & Co., Inc. by 58.9% during the 4th quarter. High Note Wealth LLC now owns 294 shares of the company's stock valued at $31,000 after buying an additional 109 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. purchased a new stake in Merck & Co., Inc. in the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 76.07% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MRK. Guggenheim increased their price objective on shares of Merck & Co., Inc. from $140.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, July 13th. Bank of America raised their price objective on Merck & Co., Inc. from $130.00 to $141.00 and gave the stock a "buy" rating in a research note on Tuesday, June 30th. Weiss Ratings downgraded Merck & Co., Inc. from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, May 15th. Cantor Fitzgerald reissued a "neutral" rating and set a $120.00 price target on shares of Merck & Co., Inc. in a research report on Monday, July 6th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $142.00 price objective on shares of Merck & Co., Inc. in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Merck & Co., Inc. has a consensus rating of "Moderate Buy" and an average target price of $133.94.

Read Our Latest Report on MRK

Key Stories Impacting Merck & Co., Inc.

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

Merck & Co., Inc. Stock Up 1.5%

Merck & Co., Inc. stock opened at $126.27 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.30 and a quick ratio of 1.06. The stock has a market capitalization of $311.86 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 4.95 and a beta of 0.19. The business has a 50 day simple moving average of $120.65 and a 200-day simple moving average of $117.29. Merck & Co., Inc. has a 12 month low of $76.66 and a 12 month high of $131.74.

Merck & Co., Inc. (NYSE:MRK - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported ($1.28) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $16.29 billion for the quarter, compared to analyst estimates of $15.85 billion. During the same quarter last year, the firm posted $2.22 EPS. The business's revenue was up 4.9% on a year-over-year basis. Merck & Co., Inc. has set its FY 2026 guidance at 5.040-5.160 EPS. On average, analysts anticipate that Merck & Co., Inc. will post 2.74 EPS for the current fiscal year.

Merck & Co., Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, June 15th. Merck & Co., Inc.'s dividend payout ratio (DPR) is presently 95.77%.

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

Want to see what other hedge funds are holding MRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merck & Co., Inc. (NYSE:MRK - Free Report).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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