Brooks Moore & Associates Inc. bought a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,419 shares of the company’s stock, valued at approximately $4,166,000. Merck KGaA comprises approximately 1.9% of Brooks Moore & Associates Inc.’s portfolio, making the stock its 18th largest holding.
Several other institutional investors also recently bought and sold shares of the company. ADAR1 Capital Management LLC acquired a new position in shares of Merck KGaA during the second quarter worth $403,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Merck KGaA during the 2nd quarter valued at $942,087,000. Whalen Wealth Management Inc. acquired a new stake in shares of Merck KGaA in the 2nd quarter worth $1,600,000. Cibc World Market Inc. acquired a new stake in shares of Merck KGaA in the 2nd quarter worth $186,005,000. Finally, Madison Wealth Partners Inc purchased a new position in Merck KGaA during the 2nd quarter worth $1,031,000. 0.10% of the stock is currently owned by institutional investors and hedge funds.
Merck KGaA Trading Down 3.9%
Shares of OTCMKTS:MKGAF opened at $158.15 on Friday. The business’s 50-day moving average is $163.21 and its 200 day moving average is $148.95. Merck KGaA has a 1 year low of $116.68 and a 1 year high of $175.56. The firm has a market capitalization of $20.44 billion, a P/E ratio of 24.14 and a beta of 0.96. 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 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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