Merck & Co., Inc. Stock Holdings Reduced by Massachusetts Financial Services Co. MA
Massachusetts Financial Services Co. MA reduced its holdings in shares of Merck & Co., Inc. (NYSE:MRK) by 5.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission.
The fund owned 256,668 shares of the company's stock after selling 15,161 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in Merck & Co., Inc. were worth $36,394,000 at the end of the most recent quarter.
This is not the only change to institutional investors' positions in the business. Somerset Trust Co increased its holdings in Merck & Co., Inc. by 0.9% during the second quarter, while Stonebridge Financial Group LLC lifted its holdings by 0.9% and Stronghold Wealth Management L.L.C. lifted its holdings by 2.6%
Merck & Co., Inc.'s stock opened at $152.21 on Thursday, with a market cap of $375.53 billion and a P/E ratio of 121.77. The company has a debt-to-equity ratio of 1.22 and a current ratio of 1.32.