Sumitomo Life Insurance Co. bought a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,968 shares of the company’s stock, valued at approximately $2,951,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Frazier Financial Advisors LLC bought a new position in Merck KGaA during the second quarter worth about $25,000. Rakuten Securities Inc. bought a new stake in Merck KGaA in the 2nd quarter valued at about $27,000. Bard Associates Inc. bought a new stake in Merck KGaA in the 2nd quarter valued at about $60,000. Kilter Group LLC acquired a new position in shares of Merck KGaA during the 2nd quarter worth approximately $62,000. Finally, Addison Advisors LLC acquired a new position in shares of Merck KGaA during the 2nd quarter worth approximately $90,000. 0.10% of the stock is currently owned by institutional investors and hedge funds.
Merck KGaA Stock Up 0.7%
Shares of MKGAF opened at $163.21 on Friday. 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 has a 12 month low of $116.68 and a 12 month high of $175.56. The firm’s 50 day moving average is $162.62 and its 200-day moving average is $148.46. The stock has a market capitalization of $21.09 billion, a PE ratio of 24.92 and a beta of 0.96.
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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