OneAscent Financial Services LLC bought a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,305 shares of the company’s stock, valued at approximately $1,838,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Danske Bank A S acquired a new position in Merck KGaA in the second quarter valued at approximately $276,535,000. Great Lakes Advisors LLC acquired a new stake in Merck KGaA during the second quarter worth approximately $183,444,000. Tocqueville Asset Management L.P. acquired a new stake in Merck KGaA during the second quarter worth approximately $57,546,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Merck KGaA during the 2nd quarter worth approximately $56,952,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of 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 Merck KGaA stock opened at $162.12 on Friday. The company has a fifty day simple moving average of $162.47 and a 200-day simple moving average of $148.35. Merck KGaA has a 12-month low of $116.68 and a 12-month high of $175.56. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock has a market cap 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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