OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,795 shares of the company’s stock, valued at approximately $3,825,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MKGAF. Frazier Financial Advisors LLC acquired a new position in Merck KGaA during the 2nd quarter valued at about $25,000. Addison Advisors LLC bought a new position in shares of Merck KGaA in the second quarter valued at approximately $90,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Merck KGaA during the second quarter valued at approximately $134,000. Stevens Capital Partners acquired a new position in shares of Merck KGaA during the second quarter valued at approximately $220,000. Finally, United Bank acquired a new position in shares of Merck KGaA during the second quarter valued at approximately $248,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Down 0.9%
Shares of MKGAF stock opened at $162.12 on Friday. The business’s fifty day moving average is $162.47 and its 200-day moving average is $148.35. The stock has a market cap of $20.95 billion, a PE ratio of 24.75 and a beta of 0.96. Merck KGaA has a 1 year low of $116.68 and a 1 year high of $175.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31.
About Merck KGaA
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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