TRB Wealth Management LLC purchased a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,434 shares of the company’s stock, valued at approximately $955,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Frazier Financial Advisors LLC purchased a new stake in shares of Merck KGaA during the 2nd quarter worth about $25,000. Rakuten Securities Inc. acquired a new stake in shares of Merck KGaA in the second quarter worth $27,000. Bard Associates Inc. acquired a new position in Merck KGaA during the 2nd quarter worth $60,000. Kilter Group LLC bought a new stake in Merck KGaA during the 2nd quarter valued at approximately $62,000. Finally, Addison Advisors LLC acquired a new position in shares of Merck KGaA during the second quarter worth approximately $90,000. 0.10% of the stock is currently owned by hedge funds and other institutional investors.
Merck KGaA Price Performance
Shares of Merck KGaA stock opened at $163.21 on Friday. The firm has a fifty day moving average price of $162.62 and a two-hundred day moving average price of $148.46. The company has a market cap of $21.09 billion, a PE ratio of 24.92 and a beta of 0.96. 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 fifty-two week low of $116.68 and a fifty-two week high of $175.56.
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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