Westpac Banking Corp bought a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 33,068 shares of the company’s stock, valued at approximately $4,249,000.
A number of other large investors also recently modified their holdings of the company. Gables Capital Management Inc. acquired a new stake in shares of Merck KGaA during the 2nd quarter valued at $2,095,000. Diversify Advisory Services LLC acquired a new position in Merck KGaA in the 2nd quarter worth about $3,810,000. Danske Bank A S bought a new position in Merck KGaA in the second quarter valued at about $276,535,000. Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of Merck KGaA during the second quarter valued at about $25,541,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in shares of Merck KGaA during the second quarter valued at about $523,000. 0.10% of the stock is currently owned by institutional investors.
Merck KGaA Price Performance
Shares of OTCMKTS:MKGAF opened at $163.21 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56. The firm has a market cap of $21.09 billion, a PE ratio of 24.92 and a beta of 0.96. The firm’s fifty day moving average is $162.62 and its 200-day moving average is $148.46.
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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