OneAscent Investment Solutions LLC bought a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,533 shares of the company’s stock, valued at approximately $454,000.
Other hedge funds also recently bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new stake in shares of Merck KGaA in the 2nd quarter valued at approximately $25,000. Kilter Group LLC purchased a new position in shares of Merck KGaA during the 2nd quarter worth approximately $62,000. Addison Advisors LLC purchased a new position in shares of Merck KGaA during the 2nd quarter worth approximately $90,000. Hara Capital LLC acquired a new stake in Merck KGaA in the 2nd quarter valued at approximately $110,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in Merck KGaA in the second quarter valued at approximately $134,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Up 0.7%
OTCMKTS:MKGAF opened at $163.21 on Friday. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56. The stock’s fifty day moving average is $162.62 and its two-hundred day moving average is $148.46. The stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of 24.92 and a beta of 0.96. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27.
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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