Stonebridge Capital Management Inc. purchased a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,790 shares of the company’s stock, valued at approximately $1,772,000. Merck KGaA makes up about 0.9% of Stonebridge Capital Management Inc.’s portfolio, making the stock its 28th biggest holding.
A number of other large investors also recently added to or reduced their stakes in MKGAF. Frazier Financial Advisors LLC purchased a new stake in Merck KGaA during the second quarter valued at about $25,000. Rakuten Securities Inc. purchased a new position in Merck KGaA during the 2nd quarter valued at about $27,000. Solstein Capital LLC bought a new position in shares of Merck KGaA during the second quarter valued at approximately $33,000. Delos Wealth Advisors LLC purchased a new stake in Merck KGaA in the second quarter worth $33,000. Finally, Burk Holdings LLC purchased a new stake in Merck KGaA in the second quarter worth $39,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Up 0.4%
Shares of OTCMKTS MKGAF opened at $164.58 on Thursday. The firm has a fifty day simple moving average of $163.19 and a two-hundred day simple moving average of $148.83. The firm has a market capitalization of $21.27 billion, a PE ratio of 25.13 and a beta of 0.96. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. Merck KGaA has a 12 month low of $116.68 and a 12 month 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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