Equitable Holdings Inc. purchased a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 113,005 shares of the company’s stock, valued at approximately $14,521,000.
A number of other large investors have also made changes to their positions in the stock. Frazier Financial Advisors LLC acquired a new stake in shares of Merck KGaA in the second quarter valued at about $25,000. Rakuten Securities Inc. acquired a new position in Merck KGaA during the second quarter worth about $27,000. Solstein Capital LLC purchased a new position in Merck KGaA in the second quarter valued at about $33,000. Delos Wealth Advisors LLC acquired a new stake in shares of Merck KGaA during the 2nd quarter valued at approximately $33,000. Finally, Burk Holdings LLC acquired a new stake in shares of Merck KGaA during the 2nd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Price Performance
Shares of OTCMKTS:MKGAF opened at $158.15 on Friday. The firm has a market capitalization of $20.44 billion, a price-to-earnings ratio of 24.14 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. The business’s 50 day simple moving average is $163.21 and its 200-day simple moving average is $148.95. Merck KGaA has a 12 month low of $116.68 and a 12 month high of $175.56.
Merck KGaA 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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