Equitable Holdings Inc. bought a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 113,005 shares of the company’s stock, valued at approximately $14,521,000. Equitable Holdings Inc. owned 0.09% of Merck KGaA at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. ADAR1 Capital Management LLC acquired a new position in Merck KGaA in the 2nd quarter valued at $403,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Merck KGaA in the 2nd quarter worth $942,087,000. Whalen Wealth Management Inc. acquired a new stake in shares of Merck KGaA in the 2nd quarter worth $1,600,000. Cibc World Market Inc. purchased a new stake in shares of Merck KGaA in the second quarter valued at about $186,005,000. Finally, Madison Wealth Partners Inc purchased a new stake in shares of Merck KGaA in the second quarter valued at about $1,031,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Trading Down 3.9%
Shares of Merck KGaA stock opened at $158.15 on Friday. The firm has a market cap of $20.44 billion, a price-to-earnings ratio of 24.14 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 company’s 50-day simple moving average is $163.21 and its 200-day simple moving average is $148.95. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27.
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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