OneAscent Financial Services LLC purchased a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,305 shares of the company’s stock, valued at approximately $1,838,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Danske Bank A S purchased a new position in shares of Merck KGaA in the 2nd quarter valued at about $276,535,000. Great Lakes Advisors LLC purchased a new stake in shares of Merck KGaA during the second quarter worth approximately $183,444,000. Tocqueville Asset Management L.P. acquired a new stake in Merck KGaA in the second quarter valued at approximately $57,546,000. B. Metzler seel. Sohn & Co. AG purchased a new position in Merck KGaA in the second quarter worth approximately $56,952,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in Merck KGaA during the 2nd quarter worth approximately $51,346,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Trading Down 0.9%
Shares of OTCMKTS:MKGAF opened at $162.12 on Friday. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56. The company’s 50 day moving average is $162.47 and its two-hundred day moving average is $148.35. The company has a market cap of $20.95 billion, a PE ratio of 24.75 and a beta of 0.96. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.
About Merck KGaA
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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