Midwest Trust Co Sells 9,145 Shares of Merck & Co., Inc.

Midwest Trust Co, a financial institution, has made adjustments to its investment portfolio in Merck & Co., Inc. (NYSE:MRK). According to its most recent filing with the SEC, Midwest Trust Co decreased its stake in MRK by selling 9,145 shares during the second quarter.

The firm owned 738,473 shares of MRK's stock after the sale and accounted for approximately 1.1% of its investment portfolio, making it the company's 20th largest position. The total value of Midwest Trust Co's holdings in Merck & Co., Inc. was $94,894,000 as of its most recent filing.

Other large investors have also made changes to their positions in MRK during the fourth quarter. Norges Bank bought a new position in MRK valued at about $3,997,933,000. Wellington Management Group LLP raised its holdings by 14.8% and now owns 86,435,458 shares of the company's stock valued at $9,098,196,000.

Analysts have also issued reports on MRK. Bank of America boosted their price objective from $130.00 to $141.00 and gave the company a 'buy' rating. Barclays raised its target price from $140.00 to $150.00 and gave the stock an 'overweight' rating.