Western Wealth Management LLC purchased a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,219 shares of the company’s stock, valued at approximately $1,185,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Legal & General Group Plc bought a new stake in Merck KGaA in the 2nd quarter valued at about $2,425,225,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Merck KGaA in the second quarter valued at approximately $942,087,000. Canada Pension Plan Investment Board acquired a new position in shares of Merck KGaA during the second quarter worth approximately $536,694,000. Jupiter Topco LLC bought a new position in shares of Merck KGaA in the 2nd quarter worth $501,199,000. Finally, Bank of Nova Scotia acquired a new stake in Merck KGaA in the 2nd quarter valued at $281,696,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Up 0.3%
Shares of OTCMKTS MKGAF opened at $164.00 on Wednesday. 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 has a 50-day moving average price of $163.08 and a 200-day moving average price of $148.69. The stock has a market capitalization of $21.20 billion, a P/E ratio of 25.04 and a beta of 0.96. Merck KGaA has a 1 year low of $116.68 and a 1 year 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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