Blodgett Wealth Advisors LLC acquired a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 9,334 shares of the company’s stock, valued at approximately $1,199,000. Merck KGaA comprises 0.8% of Blodgett Wealth Advisors LLC’s holdings, making the stock its 19th biggest position.
Several other large investors have also made changes to their positions in MKGAF. Gables Capital Management Inc. acquired a new stake in shares of Merck KGaA in the second quarter worth $2,095,000. Diversify Advisory Services LLC acquired a new position in Merck KGaA during the second quarter valued at $3,810,000. Danske Bank A S acquired a new position in Merck KGaA during the second quarter valued at $276,535,000. Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Merck KGaA during the 2nd quarter valued at about $25,541,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in shares of Merck KGaA in the 2nd quarter valued at about $523,000. 0.10% of the stock is owned by hedge funds and other institutional investors.
Merck KGaA Stock Up 0.4%
Shares of MKGAF opened at $164.58 on Thursday. The company has a market capitalization of $21.27 billion, a price-to-earnings ratio of 25.13 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 stock’s 50-day moving average price is $163.19 and its 200-day moving average price is $148.83. 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 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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