SGL Investment Advisors Inc. acquired a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,197 shares of the company’s stock, valued at approximately $1,073,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC bought a new position in Merck KGaA in the second quarter worth about $25,000. Addison Advisors LLC bought a new stake in shares of Merck KGaA in the 2nd quarter valued at about $90,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Merck KGaA in the 2nd quarter valued at about $134,000. Stevens Capital Partners purchased a new position in shares of Merck KGaA in the 2nd quarter worth approximately $220,000. Finally, United Bank bought a new position in shares of Merck KGaA during the 2nd quarter worth approximately $248,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Trading Down 0.9%
OTCMKTS:MKGAF opened at $162.12 on Friday. The stock has a market capitalization of $20.95 billion, a price-to-earnings ratio of 24.75 and a beta of 0.96. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $162.47 and a 200 day moving average of $148.35.
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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