Cauble & Harre Wealth Management Inc. acquired a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,262 shares of the company’s stock, valued at approximately $422,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Frazier Financial Advisors LLC acquired a new stake in shares of Merck KGaA in the 2nd quarter valued at $25,000. Kilter Group LLC acquired a new stake in shares of Merck KGaA during the 2nd quarter worth about $62,000. Addison Advisors LLC acquired a new stake in shares of Merck KGaA during the 2nd quarter worth about $90,000. Hara Capital LLC acquired a new stake in shares of Merck KGaA during the 2nd quarter worth about $110,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in Merck KGaA during the 2nd quarter valued at about $134,000. 0.10% of the stock is owned by institutional investors.
Merck KGaA Price Performance
OTCMKTS:MKGAF opened at $163.21 on Friday. The firm has a market cap of $21.09 billion, a PE ratio of 24.92 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 quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $162.62 and its two-hundred day moving average price is $148.46.
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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