Expressive Wealth LLC acquired a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,332 shares of the company’s stock, valued at approximately $428,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MKGAF. Danske Bank A S acquired a new stake in shares of Merck KGaA during the 2nd quarter valued at $276,535,000. Great Lakes Advisors LLC acquired a new position in shares of Merck KGaA in the second quarter worth $183,444,000. Tocqueville Asset Management L.P. purchased a new stake in shares of Merck KGaA during the second quarter worth $57,546,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Merck KGaA during the second quarter worth $56,952,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in Merck KGaA during the second quarter valued at $51,346,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Performance
Shares of OTCMKTS MKGAF opened at $163.21 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.31 and a quick ratio of 0.84. Merck KGaA has a one year low of $116.68 and a one year high of $175.56. The business’s 50-day moving average price is $162.62 and its two-hundred day moving average price is $148.46. The company has a market capitalization of $21.09 billion, a P/E ratio of 24.92 and a beta of 0.96.
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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