Primecap Management Co. CA acquired a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 35,700 shares of the company’s stock, valued at approximately $4,587,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Gables Capital Management Inc. bought a new stake in shares of Merck KGaA in the second quarter worth approximately $2,095,000. Diversify Advisory Services LLC bought a new position in Merck KGaA during the second quarter valued at approximately $3,810,000. Danske Bank A S purchased a new stake in Merck KGaA in the second quarter worth approximately $276,535,000. Danica Pension Livsforsikringsaktieselskab purchased a new stake in Merck KGaA in the second quarter worth approximately $25,541,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in Merck KGaA in the 2nd quarter worth approximately $523,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Price Performance
OTCMKTS MKGAF opened at $164.58 on Thursday. The business’s fifty day moving average price is $163.19 and its 200-day moving average price is $148.83. The stock has a market capitalization of $21.27 billion, a price-to-earnings ratio of 25.13 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 has a 1-year low of $116.68 and a 1-year high of $175.56.
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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