Cove Private Wealth LLC Makes New Investment in Merck & Co., Inc. $MRK

Cove Private Wealth LLC purchased a new position in shares of Merck & Co., Inc. (NYSE:MRK - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 5,697 shares of the company's stock, valued at approximately $451,000.

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Other institutional investors and hedge funds also recently made changes to their positions in the company. Legend Financial Advisors Inc. bought a new position in shares of Merck & Co., Inc. during the 2nd quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Merck & Co., Inc. during the 1st quarter worth approximately $27,000. CBIZ Investment Advisory Services LLC lifted its position in shares of 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. MorganRosel Wealth Management LLC bought a new position in shares of Merck & Co., Inc. during the 1st quarter worth approximately $36,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Merck & Co., Inc. during the 1st quarter worth approximately $48,000. Institutional investors own 76.07% of the company's stock.

Merck & Co., Inc. Stock Performance

Merck & Co., Inc. stock opened at $78.51 on Friday. 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 company has a market capitalization of $196.10 billion, a PE ratio of 12.10, a P/E/G ratio of 0.80 and a beta of 0.37. The firm has a fifty day simple moving average of $82.53 and a two-hundred day simple moving average of $81.98. Merck & Co., Inc. has a twelve month low of $73.31 and a twelve month high of $114.79.

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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 the consensus estimate of $2.03 by $0.10. Merck & Co., Inc. had a net margin of 25.79% and a return on equity of 41.05%. The business had revenue of $15.81 billion during the quarter, compared to the consensus estimate of $15.92 billion. 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 year.

Merck & Co., Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, September 15th will be given a dividend of $0.81 per share. The ex-dividend date is Monday, September 15th. This represents a $3.24 annualized dividend and a dividend yield of 4.1%. Merck & Co., Inc.'s payout ratio is currently 49.92%.

Wall Street Analysts Forecast Growth

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Several equities research analysts have recently issued reports on the stock. Berenberg Bank lowered shares of Merck & Co., Inc. from a "buy" rating to a "hold" rating and decreased their price target for the stock from $100.00 to $90.00 in a research note on Wednesday, September 17th. Wells Fargo & Company reduced their price target on shares of Merck & Co., Inc. from $97.00 to $90.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 30th. Finally, Morgan Stanley reduced their price target on shares of Merck & Co., Inc. from $99.00 to $98.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $106.41.

Read Our Latest Stock Analysis on Merck & Co., Inc.

About Merck & Co., Inc.

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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