Great Lakes Advisors LLC acquired a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, HoldingsChannel reports. The firm acquired 92,409 shares of the company’s stock, valued at approximately $11,875,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Danske Bank A S purchased a new stake in shares of Merck KGaA during the second quarter worth about $276,535,000. Danica Pension Livsforsikringsaktieselskab acquired a new stake in Merck KGaA during the second quarter worth approximately $25,541,000. Diversify Advisory Services LLC acquired a new stake in Merck KGaA during the second quarter worth approximately $3,810,000. Gables Capital Management Inc. purchased a new stake in Merck KGaA in the 2nd quarter worth approximately $2,095,000. Finally, Avaii Wealth Management LLC purchased a new stake in Merck KGaA in the 2nd quarter worth approximately $1,573,000. 0.10% of the stock is currently owned by hedge funds and other institutional investors.
Merck KGaA Trading Up 1.2%
Shares of Merck KGaA stock opened at $160.21 on Wednesday. Merck KGaA has a fifty-two week low of $116.68 and a fifty-two week high of $175.56. The firm has a market cap of $20.71 billion, a PE ratio of 24.46 and a beta of 0.96. The business’s fifty day moving average is $162.32 and its two-hundred day moving average is $148.21. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27.
Merck KGaA Company Profile
Merck KGaA, headquartered in Darmstadt, Germany, is a long-established multinational chemical and pharmaceutical company with roots dating back to 1668. Operating under the brand Merck Group (and using distinct consumer-facing names in certain regions to avoid confusion with other companies of similar name), the company is privately controlled by the Merck family and organizes its activities across multiple business units that serve customers in Europe, the Americas, Asia-Pacific and beyond.
The company’s operations are organized mainly into three businesses.
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