Merck & Co., Inc. $MRK Holdings Cut by LOM Asset Management Ltd

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LOM Asset Management Ltd reduced its stake in Merck & Co., Inc. ($MRK) by 59.7% in the third quarter, selling 9,187 shares and retaining 6,213 shares valued at approximately $521,000. Despite this, Merck beat quarterly earnings expectations with $2.04 EPS and $16.4 billion in revenue, also declaring a quarterly dividend of $0.85 per share. Analysts maintain a “Moderate Buy” consensus rating for the company with an average price target of $125.88.

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