Great Lakes Advisors LLC acquired a new stake in Merck KGaA (OTCMKTS:MKGAF - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,427,583 shares of the company's stock, valued at approximately $183,444,000. Merck KGaA comprises 1.4% of Great Lakes Advisors LLC's holdings, making the stock its 11th largest position. Great Lakes Advisors LLC owned 1.10% of Merck KGaA as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Merck KGaA in the 2nd quarter worth approximately $134,000. Stevens Capital Partners purchased a new stake in shares of Merck KGaA during the second quarter valued at approximately $220,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of Merck KGaA during the second quarter valued at approximately $523,000. Compass Wealth Management LLC bought a new stake in Merck KGaA during the second quarter worth $834,000. Finally, Avaii Wealth Management LLC bought a new stake in Merck KGaA during the second quarter worth $1,573,000. Institutional investors own 0.10% of the company's stock.
Merck KGaA Stock Up 1.2%
MKGAF stock opened at $160.21 on Wednesday. The stock has a market cap of $20.71 billion, a P/E ratio of 24.46 and a beta of 0.96. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock's fifty day simple moving average is $162.32 and its two-hundred day simple moving average is $148.21. Merck KGaA has a 1-year low of $116.68 and a 1-year high of $175.56.
Merck KGaA Company Profile
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Free Report)
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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