OneAscent Investment Solutions LLC acquired a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 3,533 shares of the company’s stock, valued at approximately $454,000.
Other large investors have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new stake in Merck KGaA during the 2nd quarter worth approximately $25,000. Kilter Group LLC acquired a new position in shares of Merck KGaA in the second quarter worth $62,000. Addison Advisors LLC acquired a new position in shares of Merck KGaA in the second quarter worth $90,000. Hara Capital LLC purchased a new stake in shares of Merck KGaA during the second quarter worth $110,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Merck KGaA during the second quarter worth $134,000. 0.10% of the stock is owned by hedge funds and other institutional investors.
Merck KGaA Stock Up 0.7%
Shares of OTCMKTS MKGAF opened at $163.21 on Friday. The stock has a market cap of $21.09 billion, a P/E ratio of 24.92 and a beta of 0.96. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. Merck KGaA has a 12-month low of $116.68 and a 12-month high of $175.56. The business’s fifty day simple moving average is $162.62 and its 200-day simple moving average is $148.46.
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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