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Ceredex Value Advisors LLC Purchases New Shares in Merck & Co., Inc. $MRK
Ceredex Value Advisors LLC recently purchased 307,732 new shares of Merck & Co., Inc. (NYSE:MRK) valued at approximately $25.83 million during the third quarter. Other institutional investors also adjusted their holdings, with 76.07% of the stock owned by institutional investors and hedge funds. Merck reported strong financial results, beating analyst expectations for EPS and revenue, and announced a quarterly dividend of $0.85 per share.