OneAscent Wealth Management LLC purchased a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,489 shares of the company’s stock, valued at approximately $577,000.
Other hedge funds also recently modified their holdings of the company. Gables Capital Management Inc. bought a new stake in shares of Merck KGaA in the second quarter worth $2,095,000. Diversify Advisory Services LLC bought a new position in Merck KGaA during the 2nd quarter worth $3,810,000. Danske Bank A S bought a new position in Merck KGaA during the 2nd quarter worth $276,535,000. Danica Pension Livsforsikringsaktieselskab acquired a new position in Merck KGaA during the 2nd quarter worth about $25,541,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in Merck KGaA during the 2nd quarter worth about $523,000. Institutional investors and hedge funds own 0.10% of the company’s stock.
Merck KGaA Trading Up 0.7%
OTCMKTS MKGAF opened at $163.21 on Friday. The firm has a market capitalization of $21.09 billion, a PE ratio of 24.92 and a beta of 0.96. The business’s 50-day moving average price is $162.62 and its two-hundred day moving average price is $148.46. 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.
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.
Recommended Stories
- Five stocks we like better than Merck KGaA
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
Want to see what other hedge funds are holding MKGAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merck KGaA (OTCMKTS:MKGAF – Free Report).
Receive News & Ratings for Merck KGaA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merck KGaA and related companies with MarketBeat.com's FREE daily email newsletter.
