SGL Investment Advisors Inc. acquired a new stake 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 (SEC). The institutional investor acquired 8,197 shares of the company’s stock, valued at approximately $1,073,000.
A number of other institutional investors also recently bought and sold shares of MKGAF. Gables Capital Management Inc. purchased a new stake in Merck KGaA during the 2nd quarter worth approximately $2,095,000. Diversify Advisory Services LLC acquired a new stake in shares of Merck KGaA during the second quarter worth $3,810,000. Danske Bank A S purchased a new stake in shares of Merck KGaA during the second quarter valued at $276,535,000. Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Merck KGaA during the second quarter valued at $25,541,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in shares of Merck KGaA in the 2nd quarter valued at $523,000. 0.10% of the stock is currently owned by institutional investors and hedge funds.
Merck KGaA Stock Performance
Shares of MKGAF stock opened at $162.12 on Friday. The business has a fifty day moving average of $162.47 and a 200 day moving average of $148.35. Merck KGaA has a 1 year low of $116.68 and a 1 year high of $175.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.31 and a quick ratio of 0.84. The firm has a market capitalization of $20.95 billion, a price-to-earnings ratio of 24.75 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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