Wellington Management increases Merck holding as insiders sell shares
Wellington Management Group lifted its stake in Merck by buying 1,934,312 shares during the quarter, ending with 86,249,283 shares after spending about $1.54B at an average $131.63. The executive vice president owned 110,167 shares after sales. In the past three months, insiders sold 228,238 shares worth about $29.98M; Merck reported $16.61B revenue, slightly above estimates, and analysts raised price targets.