LaSalle St. Investment Advisors LLC bought a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,927 shares of the company’s stock, valued at approximately $2,432,000.
Several other large investors also recently made changes to their positions in the business. Danske Bank A S acquired a new position in shares of Merck KGaA in the 2nd quarter worth approximately $276,535,000. Great Lakes Advisors LLC bought a new stake in shares of Merck KGaA in the 2nd quarter worth approximately $183,444,000. Tocqueville Asset Management L.P. acquired a new stake in Merck KGaA during the second quarter valued at approximately $57,546,000. Edmond DE Rothschild Holding S.A. bought a new stake in Merck KGaA during the second quarter worth approximately $51,346,000. Finally, Ceredex Value Advisors LLC bought a new stake in Merck KGaA during the second quarter worth approximately $30,371,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Trading Down 0.9%
Merck KGaA stock opened at $162.12 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. The firm has a market cap of $20.95 billion, a price-to-earnings ratio of 24.75 and a beta of 0.96. Merck KGaA has a 1 year low of $116.68 and a 1 year high of $175.56. The firm’s 50 day moving average price is $162.47 and its two-hundred day moving average price is $148.35.
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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