Glenview Trust Co bought a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 381,609 shares of the company’s stock, valued at approximately $49,037,000. Glenview Trust Co owned approximately 0.30% of Merck KGaA at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of MKGAF. Gables Capital Management Inc. acquired a new position in Merck KGaA in the second quarter worth $2,095,000. Diversify Advisory Services LLC acquired a new stake in shares of Merck KGaA in the second quarter valued at $3,810,000. Danske Bank A S acquired a new stake in shares of Merck KGaA in the second quarter valued at $276,535,000. Danica Pension Livsforsikringsaktieselskab bought a new position in shares of Merck KGaA in the second quarter valued at about $25,541,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in Merck KGaA during the 2nd quarter worth about $523,000. 0.10% of the stock is currently owned by institutional investors.
Merck KGaA Price Performance
MKGAF opened at $158.15 on Friday. Merck KGaA has a one year low of $116.68 and a one year high of $175.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.31 and a quick ratio of 0.84. The company’s 50 day simple moving average is $163.21 and its 200-day simple moving average is $148.95. The stock has a market capitalization of $20.44 billion, a P/E ratio of 24.14 and a beta of 0.96.
About Merck KGaA
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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