Live Oak Investment Partners bought a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,763 shares of the company’s stock, valued at approximately $1,769,000. Merck KGaA makes up approximately 1.0% of Live Oak Investment Partners’ investment portfolio, making the stock its 26th biggest position.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MKGAF. Great Lakes Advisors LLC acquired a new stake in Merck KGaA during the second quarter worth $183,444,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Merck KGaA in the 2nd quarter valued at $523,000. Bell & Brown Wealth Advisors LLC acquired a new position in shares of Merck KGaA in the 2nd quarter valued at $5,662,000. Avaii Wealth Management LLC bought a new position in shares of Merck KGaA during the 2nd quarter worth about $1,573,000. Finally, Compass Wealth Management LLC bought a new position in shares of Merck KGaA during the 2nd quarter worth about $834,000. 0.10% of the stock is owned by institutional investors.
Merck KGaA Price Performance
Shares of Merck KGaA stock opened at $167.38 on Thursday. The firm has a market cap of $21.63 billion, a P/E ratio of 25.55 and a beta of 0.96. The firm’s 50-day simple moving average is $162.50 and its 200-day simple moving average is $148.28. Merck KGaA has a twelve month low of $116.68 and a twelve month 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.
Merck KGaA Company 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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