Great Lakes Advisors LLC bought a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 92,409 shares of the company’s stock, valued at approximately $11,875,000. Great Lakes Advisors LLC owned approximately 0.07% of Merck KGaA as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new stake in Merck KGaA in the second quarter valued at $523,000. Avaii Wealth Management LLC acquired a new position in shares of Merck KGaA during the 2nd quarter worth $1,573,000. Compass Wealth Management LLC acquired a new position in shares of Merck KGaA during the 2nd quarter worth $834,000. Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Merck KGaA in the 2nd quarter worth about $25,541,000. Finally, Danske Bank A S purchased a new stake in shares of Merck KGaA in the 2nd quarter worth about $276,535,000. 0.10% of the stock is currently owned by hedge funds and other institutional investors.
Merck KGaA Stock Performance
OTCMKTS:MKGAF opened at $160.21 on Wednesday. Merck KGaA has a twelve month low of $116.68 and a twelve month high of $175.56. The company has a market capitalization of $20.71 billion, a P/E ratio of 24.46 and a beta of 0.96. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $162.32 and a two-hundred day moving average price of $148.21.
Merck KGaA 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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