NewEdge Wealth LLC purchased a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 64,900 shares of the company’s stock, valued at approximately $8,340,000. NewEdge Wealth LLC owned about 0.05% of Merck KGaA at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in MKGAF. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Merck KGaA in the 2nd quarter valued at $134,000. Stevens Capital Partners purchased a new stake in Merck KGaA during the second quarter valued at about $220,000. BOK Financial Private Wealth Inc. purchased a new stake in Merck KGaA during the second quarter valued at about $523,000. Compass Wealth Management LLC bought a new position in shares of Merck KGaA during the second quarter valued at about $834,000. Finally, Chancellor Financial Group WB LP purchased a new position in shares of Merck KGaA in the second quarter worth about $839,000. 0.10% of the stock is owned by hedge funds and other institutional investors.
Merck KGaA Price Performance
MKGAF opened at $167.38 on Thursday. The stock’s 50 day simple moving average is $162.50 and its 200 day simple moving average is $148.28. 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 has a 1 year low of $116.68 and a 1 year high of $175.56. The firm has a market cap of $21.63 billion, a price-to-earnings ratio of 25.55 and a beta of 0.96.
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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