Violich Capital Management Inc. Reduces Holdings in Merck & Co., Inc. $MRK

Key Points

• Violich Capital Management Inc. has reduced its holdings in Merck & Co., Inc. by 9.4% during the second quarter, now owning 76,292 shares worth approximately $6,039,000.
• Merck recently announced a quarterly dividend of $0.81 per share, reflecting an annualized dividend yield of 3.8%.
• Merck & Co., Inc. has set its FY 2025 EPS guidance between 8.870 and 8.970, with analysts expecting a projected EPS of 9.01 for the current fiscal year.

Violich Capital Management Inc. trimmed its position in shares of Merck & Co., Inc. (NYSE:MRK - Free Report) by 9.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,292 shares of the company's stock after selling 7,900 shares during the quarter. Merck & Co., Inc. accounts for approximately 0.8% of Violich Capital Management Inc.'s investment portfolio, making the stock its 27th largest position. Violich Capital Management Inc.'s holdings in Merck & Co., Inc. were worth $6,039,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of MRK. Peoples Financial Services CORP. boosted its stake in shares of Merck & Co., Inc. by 0.5% during the second quarter. Peoples Financial Services CORP. now owns 22,778 shares of the company's stock valued at $1,803,000 after purchasing an additional 122 shares during the period. McLean Asset Management Corp boosted its stake in shares of Merck & Co., Inc. by 3.7% during the second quarter. McLean Asset Management Corp now owns 3,543 shares of the company's stock valued at $292,000 after purchasing an additional 125 shares during the period. Cora Capital Advisors LLC boosted its stake in shares of Merck & Co., Inc. by 2.4% during the second quarter. Cora Capital Advisors LLC now owns 5,343 shares of the company's stock valued at $423,000 after purchasing an additional 125 shares during the period. Foundation Wealth Management LLC PA boosted its stake in shares of Merck & Co., Inc. by 2.4% during the first quarter. Foundation Wealth Management LLC PA now owns 5,361 shares of the company's stock valued at $481,000 after purchasing an additional 127 shares during the period. Finally, Saiph Capital LLC boosted its stake in shares of Merck & Co., Inc. by 3.7% during the first quarter. Saiph Capital LLC now owns 3,565 shares of the company's stock valued at $320,000 after purchasing an additional 128 shares during the period. 76.07% of the stock is owned by hedge funds and other institutional investors.

Merck & Co., Inc. Stock Performance

Shares of Merck & Co., Inc. stock opened at $84.78 on Friday. The company has a market capitalization of $211.76 billion, a PE ratio of 13.06, a P/E/G ratio of 0.93 and a beta of 0.37. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.17 and a current ratio of 1.42. The company has a 50-day simple moving average of $83.91 and a two-hundred day simple moving average of $81.35. Merck & Co., Inc. has a one year low of $73.31 and a one year high of $109.92.

Merck & Co., Inc. (NYSE:MRK - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $2.13 EPS 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 the consensus estimate 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. Research analysts expect that Merck & Co., Inc. will post 9.01 EPS for the current fiscal year.

Merck & Co., Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th were issued a dividend of $0.81 per share. The ex-dividend date was Monday, September 15th. This represents a $3.24 annualized dividend and a dividend yield of 3.8%. Merck & Co., Inc.'s dividend payout ratio is 49.92%.

Wall Street Analysts Forecast Growth

MRK has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their target price on shares of Merck & Co., Inc. from $97.00 to $90.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 30th. Citigroup assumed coverage on shares of Merck & Co., Inc. in a research note on Monday, October 13th. They issued a "neutral" rating and a $95.00 price objective for the company. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Merck & Co., Inc. in a research note on Wednesday, October 8th. Morgan Stanley lowered their price objective on shares of Merck & Co., Inc. from $99.00 to $98.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Finally, Berenberg Bank lowered shares of Merck & Co., Inc. from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $100.00 to $90.00 in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Merck & Co., Inc. presently has an average rating of "Hold" and an average price target of $104.33.

Merck & Co., Inc. Company 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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