Whalen Wealth Management Inc. purchased a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 12,455 shares of the company’s stock, valued at approximately $1,600,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MKGAF. Frazier Financial Advisors LLC purchased a new stake in Merck KGaA during the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. purchased a new position in shares of Merck KGaA in the second quarter valued at approximately $27,000. Solstein Capital LLC purchased a new position in shares of Merck KGaA in the second quarter valued at approximately $33,000. Burk Holdings LLC acquired a new stake in shares of Merck KGaA in the second quarter worth approximately $39,000. Finally, Bard Associates Inc. acquired a new stake in shares of Merck KGaA in the second quarter worth approximately $60,000. 0.10% of the stock is owned by hedge funds and other institutional investors.
Merck KGaA Stock Up 0.1%
Shares of MKGAF opened at $163.45 on Tuesday. The stock has a 50 day moving average price of $162.78 and a 200 day moving average price of $148.59. Merck KGaA has a one year low of $116.68 and a one year high of $175.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. The stock has a market capitalization of $21.12 billion, a price-to-earnings ratio of 24.95 and a beta of 0.96.
Merck KGaA 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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