EP Wealth Advisors LLC acquired a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 282,377 shares of the company’s stock, valued at approximately $36,285,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Danske Bank A S bought a new position in Merck KGaA in the second quarter worth about $276,535,000. Great Lakes Advisors LLC purchased a new stake in shares of Merck KGaA during the second quarter valued at about $183,444,000. Ieq Capital LLC bought a new stake in shares of Merck KGaA in the 2nd quarter valued at about $102,699,000. Tocqueville Asset Management L.P. bought a new stake in shares of Merck KGaA in the 2nd quarter valued at about $57,546,000. Finally, B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Merck KGaA in the 2nd quarter worth approximately $56,952,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Trading Up 0.7%
OTCMKTS MKGAF opened at $163.21 on Friday. 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 market cap of $21.09 billion, a PE ratio of 24.92 and a beta of 0.96. The company has a 50 day moving average price of $162.62 and a 200 day moving average price of $148.46. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56.
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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