Greenspring Advisors LLC bought a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, HoldingsChannel reports. The fund bought 7,857 shares of the company’s stock, valued at approximately $1,010,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Tocqueville Asset Management L.P. purchased a new stake in Merck KGaA in the second quarter worth about $57,546,000. August Group Capital Ltd bought a new position in shares of Merck KGaA in the second quarter worth about $390,000. Great Lakes Advisors LLC purchased a new position in shares of Merck KGaA during the 2nd quarter valued at about $183,444,000. Bell & Brown Wealth Advisors LLC purchased a new position in shares of Merck KGaA during the 2nd quarter valued at about $5,662,000. Finally, BOK Financial Private Wealth Inc. bought a new position in shares of Merck KGaA during the 2nd quarter valued at approximately $523,000. 0.10% of the stock is currently owned by hedge funds and other institutional investors.
Merck KGaA Trading Down 0.9%
Shares of OTCMKTS:MKGAF opened at $162.12 on Friday. The stock has a 50 day moving average of $162.47 and a 200 day moving average of $148.35. The company has a market cap of $20.95 billion, a PE ratio of 24.75 and a beta of 0.96. 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.
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.
Featured Articles
- Five stocks we like better than Merck KGaA
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Want to see what other hedge funds are holding MKGAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merck KGaA (OTCMKTS:MKGAF – Free Report).
Receive News & Ratings for Merck KGaA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merck KGaA and related companies with MarketBeat.com's FREE daily email newsletter.
