Commerce Bank bought a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 1,238,538 shares of the company’s stock, valued at approximately $159,152,000. Merck KGaA comprises approximately 0.7% of Commerce Bank’s holdings, making the stock its 26th largest holding.
Other institutional investors have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new position in Merck KGaA in the second quarter valued at approximately $25,000. Rakuten Securities Inc. acquired a new stake in Merck KGaA during the second quarter worth approximately $27,000. Bard Associates Inc. acquired a new stake in Merck KGaA during the second quarter worth approximately $60,000. Kilter Group LLC purchased a new stake in shares of Merck KGaA during the 2nd quarter worth approximately $62,000. Finally, Addison Advisors LLC purchased a new stake in shares of Merck KGaA during the 2nd quarter worth approximately $90,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Trading Up 0.7%
Shares of Merck KGaA stock opened at $163.21 on Friday. 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 company has a fifty day simple moving average of $162.62 and a 200-day simple moving average of $148.46. The stock has a market cap of $21.09 billion, a price-to-earnings ratio of 24.92 and a beta of 0.96. Merck KGaA has a 12-month low of $116.68 and a 12-month 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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