United Capital Financial Advisors LLC bought a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 142,059 shares of the company’s stock, valued at approximately $18,255,000. United Capital Financial Advisors LLC owned approximately 0.11% of Merck KGaA at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Gables Capital Management Inc. purchased a new stake in shares of Merck KGaA during the 2nd quarter worth approximately $2,095,000. Diversify Advisory Services LLC acquired a new stake in shares of Merck KGaA in the 2nd quarter worth approximately $3,810,000. Danske Bank A S purchased a new position in Merck KGaA in the 2nd quarter valued at approximately $276,535,000. Danica Pension Livsforsikringsaktieselskab purchased a new position in Merck KGaA in the 2nd quarter valued at approximately $25,541,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in Merck KGaA in the 2nd quarter valued at approximately $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 $158.15 on Friday. The stock has a fifty day moving average price of $163.21 and a 200 day moving average price of $148.95. 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 cap of $20.44 billion, a PE ratio of 24.14 and a beta of 0.96. Merck KGaA has a 1 year low of $116.68 and a 1 year high of $175.56.
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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