Compass Wealth Management LLC acquired a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 6,487 shares of the company’s stock, valued at approximately $834,000.
A number of other large investors have also recently bought and sold shares of MKGAF. Stevens Capital Partners acquired a new position in Merck KGaA during the second quarter worth $220,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Merck KGaA in the second quarter worth about $523,000. Gables Capital Management Inc. bought a new stake in shares of Merck KGaA during the 2nd quarter worth about $2,095,000. Diversify Advisory Services LLC bought a new stake in shares of Merck KGaA during the 2nd quarter worth about $3,810,000. Finally, Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Merck KGaA during the 2nd quarter valued at about $25,541,000. 0.10% of the stock is currently owned by institutional investors.
Merck KGaA Stock Up 1.2%
Shares of MKGAF stock opened at $160.21 on Wednesday. The stock’s 50 day simple moving average is $162.32 and its 200 day simple moving average is $148.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. Merck KGaA has a twelve month low of $116.68 and a twelve month high of $175.56. The company has a market capitalization of $20.71 billion, a price-to-earnings ratio of 24.46 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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