Chancellor Financial Group WB LP acquired a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,526 shares of the company’s stock, valued at approximately $839,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Danske Bank A S purchased a new stake in Merck KGaA in the second quarter worth approximately $276,535,000. Great Lakes Advisors LLC bought a new stake in Merck KGaA in the 2nd quarter worth approximately $183,444,000. Danica Pension Livsforsikringsaktieselskab purchased a new stake in Merck KGaA during the 2nd quarter valued at $25,541,000. Diversify Advisory Services LLC bought a new position in shares of Merck KGaA during the 2nd quarter valued at $3,810,000. Finally, Gables Capital Management Inc. bought a new position in shares of Merck KGaA during the 2nd quarter valued at $2,095,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Performance
MKGAF stock opened at $160.21 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.31 and a quick ratio of 0.84. Merck KGaA has a 1 year low of $116.68 and a 1 year high of $175.56. The company has a market cap of $20.71 billion, a P/E ratio of 24.46 and a beta of 0.96. The stock’s fifty day moving average price is $162.32 and its 200-day moving average price is $148.21.
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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