Great Lakes Advisors LLC bought a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,427,583 shares of the company’s stock, valued at approximately $183,444,000. Merck KGaA accounts for about 1.4% of Great Lakes Advisors LLC’s portfolio, making the stock its 11th largest holding.
Several other large investors also recently modified their holdings of MKGAF. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Merck KGaA in the 2nd quarter worth approximately $134,000. Stevens Capital Partners bought a new position in Merck KGaA during the second quarter valued at $220,000. BOK Financial Private Wealth Inc. bought a new position in Merck KGaA during the second quarter valued at $523,000. Compass Wealth Management LLC purchased a new stake in Merck KGaA in the second quarter worth $834,000. Finally, Avaii Wealth Management LLC purchased a new stake in Merck KGaA in the second quarter worth $1,573,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Performance
Shares of MKGAF opened at $160.21 on Wednesday. The firm has a market cap of $20.71 billion, a PE ratio of 24.46 and a beta of 0.96. The stock’s fifty day moving average price is $162.32 and its two-hundred day moving average price is $148.21. 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.
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.
Featured Stories
- Five stocks we like better than Merck KGaA
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding MKGAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merck KGaA (OTCMKTS:MKGAF – Free Report).
Receive News & Ratings for Merck KGaA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merck KGaA and related companies with MarketBeat.com's FREE daily email newsletter.
