West Family Investments Inc. acquired a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, Holdings Channel reports. The fund acquired 12,703 shares of the company’s stock, valued at approximately $1,632,000. Merck KGaA comprises about 0.5% of West Family Investments Inc.’s investment portfolio, making the stock its 29th biggest position.
Several other institutional investors have also recently made changes to their positions in the company. Knuff & Co LLC purchased a new stake in shares of Merck KGaA in the second quarter valued at about $1,675,000. NewEdge Wealth LLC purchased a new position in Merck KGaA during the second quarter worth about $8,340,000. Empirical Asset Management LLC purchased a new position in Merck KGaA during the second quarter worth about $1,996,000. Chancellor Financial Group WB LP purchased a new position in Merck KGaA during the second quarter worth about $839,000. Finally, Great Lakes Advisors LLC bought a new stake in Merck KGaA in the 2nd quarter worth about $11,875,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Trading Up 4.5%
OTCMKTS:MKGAF opened at $167.38 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. 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 has a 52 week low of $116.68 and a 52 week high of $175.56. The firm has a 50-day moving average price of $162.50 and a two-hundred day moving average price of $148.28.
About Merck KGaA
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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