Trajan Wealth LLC acquired a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 72,721 shares of the company’s stock, valued at approximately $9,345,000. Trajan Wealth LLC owned about 0.06% of Merck KGaA at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Frazier Financial Advisors LLC acquired a new stake in shares of Merck KGaA in the second quarter worth approximately $25,000. Rakuten Securities Inc. acquired a new position in Merck KGaA during the second quarter worth approximately $27,000. Solstein Capital LLC acquired a new position in Merck KGaA during the second quarter worth approximately $33,000. Burk Holdings LLC acquired a new position in shares of Merck KGaA in the 2nd quarter valued at $39,000. Finally, Bard Associates Inc. purchased a new stake in shares of Merck KGaA during the 2nd quarter valued at $60,000. 0.10% of the stock is currently owned by hedge funds and other institutional investors.
Merck KGaA Stock Up 0.1%
Shares of OTCMKTS MKGAF opened at $163.45 on Tuesday. The stock has a market capitalization of $21.12 billion, a PE ratio of 24.95 and a beta of 0.96. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average of $162.78 and a 200-day moving average of $148.59. Merck KGaA has a 52-week low of $116.68 and a 52-week high of $175.56.
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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