Cullen Capital Management LLC bought a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 2,016,795 shares of the company’s stock, valued at approximately $259,158,000. Merck KGaA accounts for about 2.5% of Cullen Capital Management LLC’s investment portfolio, making the stock its 7th biggest position.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC bought a new stake in Merck KGaA in the second quarter worth $25,000. Rakuten Securities Inc. bought a new position in Merck KGaA during the second quarter valued at $27,000. Solstein Capital LLC bought a new position in Merck KGaA during the second quarter valued at $33,000. Burk Holdings LLC purchased a new stake in shares of Merck KGaA in the second quarter valued at $39,000. Finally, Bard Associates Inc. purchased a new stake in shares of Merck KGaA in the second quarter valued at $60,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Price Performance
Merck KGaA stock opened at $163.45 on Tuesday. Merck KGaA has a 12-month low of $116.68 and a 12-month high of $175.56. 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 firm has a 50-day moving average price of $162.78 and a 200-day moving average price of $148.59. The firm has a market capitalization of $21.12 billion, a PE ratio of 24.95 and a beta of 0.96.
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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