CIBC Private Wealth Group LLC Sells 16,094 Shares of Merck & Co., Inc. $MRK

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CIBC Private Wealth Group LLC reduced its stake in Merck & Co., Inc. (NYSE:MRK) by 3.9% in the third quarter, selling 16,094 shares and now owning 392,779 shares valued at $32,966,000. Other institutional investors showed mixed activity, with some increasing and others decreasing their positions. Analyst ratings for Merck & Co., Inc. generally lean towards “Moderate Buy” with an average target price of $126.81, and the company recently announced a quarterly dividend.

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