Gallagher Fiduciary Advisors LLC purchased a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,849 shares of the company’s stock, valued at approximately $752,000.
Several other hedge funds and other institutional investors have also bought and sold shares of MKGAF. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Merck KGaA in the 2nd quarter valued at about $942,087,000. Whalen Wealth Management Inc. bought a new position in shares of Merck KGaA during the second quarter worth approximately $1,600,000. Cibc World Market Inc. acquired a new stake in shares of Merck KGaA in the second quarter valued at approximately $186,005,000. Madison Wealth Partners Inc acquired a new stake in shares of Merck KGaA in the second quarter valued at approximately $1,031,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in shares of Merck KGaA in the second quarter valued at approximately $592,000. Institutional investors and hedge funds own 0.10% of the company’s stock.
Merck KGaA Trading Up 0.3%
Shares of OTCMKTS:MKGAF opened at $164.00 on Wednesday. The business’s 50 day simple moving average is $163.08 and its 200 day simple moving average is $148.69. 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 current ratio of 1.31 and a quick ratio of 0.84. The company has a market capitalization of $21.20 billion, a P/E ratio of 25.04 and a beta of 0.96.
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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