First Pacific Financial Boosts Holdings in Merck & Co., Inc. $MRK

Key Points

• First Pacific Financial increased its stake in Merck & Co., Inc. by 350.5% in the second quarter, owning 41,473 shares worth approximately $3.28 million.
• Merck's stock recently reported a profit of $2.13 per share, exceeding analysts' expectations, with quarterly revenues of $15.81 billion.
• The company has declared a quarterly dividend of $0.81, representing a 3.9% dividend yield, with the payout date set for October 7th.

First Pacific Financial grew its stake in shares of Merck & Co., Inc. (NYSE:MRK - Free Report) by 350.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,473 shares of the company's stock after buying an additional 32,266 shares during the quarter. First Pacific Financial's holdings in Merck & Co., Inc. were worth $3,283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Little House Capital LLC raised its position in Merck & Co., Inc. by 1.2% in the 2nd quarter. Little House Capital LLC now owns 25,236 shares of the company's stock worth $1,998,000 after purchasing an additional 308 shares during the period. Semus Wealth Partners LLC raised its position in Merck & Co., Inc. by 8.2% in the 1st quarter. Semus Wealth Partners LLC now owns 5,039 shares of the company's stock worth $452,000 after purchasing an additional 382 shares during the period. Longfellow Investment Management Co. LLC raised its position in Merck & Co., Inc. by 20.4% in the 1st quarter. Longfellow Investment Management Co. LLC now owns 19,376 shares of the company's stock worth $1,739,000 after purchasing an additional 3,282 shares during the period. Quilter Plc raised its position in Merck & Co., Inc. by 5.6% in the 1st quarter. Quilter Plc now owns 1,180,797 shares of the company's stock worth $105,988,000 after purchasing an additional 62,933 shares during the period. Finally, Simplicity Wealth LLC raised its position in Merck & Co., Inc. by 991.7% in the 1st quarter. Simplicity Wealth LLC now owns 33,394 shares of the company's stock worth $2,997,000 after purchasing an additional 30,335 shares during the period. Hedge funds and other institutional investors own 76.07% of the company's stock.

Merck & Co., Inc. Stock Up 6.8%

MRK opened at $83.96 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.42 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average price of $82.55 and a 200-day moving average price of $81.71. Merck & Co., Inc. has a twelve month low of $73.31 and a twelve month high of $114.79. The stock has a market capitalization of $209.71 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 0.81 and a beta of 0.37.

Merck & Co., Inc. (NYSE:MRK - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $2.13 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.10. The business had revenue of $15.81 billion during the quarter, compared to analyst estimates of $15.92 billion. Merck & Co., Inc. had a net margin of 25.79% and a return on equity of 41.05%. Merck & Co., Inc. has set its FY 2025 guidance at 8.870-8.970 EPS. Equities research analysts forecast that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, September 15th. Merck & Co., Inc.'s payout ratio is 49.92%.

Wall Street Analyst Weigh In

MRK has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Merck & Co., Inc. from $99.00 to $98.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Wells Fargo & Company cut their price target on shares of Merck & Co., Inc. from $97.00 to $90.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 30th. Finally, Berenberg Bank lowered shares of Merck & Co., Inc. from a "buy" rating to a "hold" rating and cut their price target for the stock from $100.00 to $90.00 in a report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $106.41.

Merck & Co., Inc. Profile

Merck & Co, Inc is a health care company, which engages in the provision of health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. It operates through the following segments: Pharmaceutical, Animal Health, and Other. The Pharmaceutical segment includes human health pharmaceutical and vaccine products.

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