Below is the money shot of an automated / likely AI generated item, from an NYC-based rag:
. . .State Street Corp lifted its holdings in Merck by 1.3% during the third quarter. State Street Corp now owns 119,026,412 shares of the company's stock valued at $13,606,360,000 after purchasing an additional 1,536,474 shares in the last quarter.
Wellington Management Group LLP lifted its stake in Merck by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 75,809,383 shares of the company's stock valued at $8,608,914,000 after buying an additional 3,327,404 shares in the last quarter.
Geode Capital Management LLC raised its holdings in shares of Merck by 3.7% during the third quarter. Geode Capital Management LLC now owns 59,155,004 shares of the company's stock valued at $6,696,060,000 after acquiring an additional 2,134,296 shares during the last quarter.
Charles Schwab Investment Management Inc. raised its position in shares of Merck by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,807,293 shares of the company's stock valued at $2,135,785,000 after buying an additional 514,060 shares during the last quarter.
Finally, UBS AM, a distinct business unit of UBS Asset Management Americas LLC lifted its stake in shares of Merck by 1.8% in the third quarter. UBS entities now own 17,756,021 shares of the company's stock worth $2,016,374,000 after buying an additional 309,656 shares in the last quarter.
Hedge funds and other institutional investors own 76.07% of the company's stock. . . .
All of that means, in general, this stock is highly unlikely to see irrational panic selling. . . ever -- and it sports a gaudy 3.5% annual dividend at present. Now you know.
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