Chancellor Financial Group WB LP bought a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,526 shares of the company’s stock, valued at approximately $839,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Comprehensive Financial Planning Inc. PA bought a new position in Merck KGaA in the second quarter worth approximately $134,000. Stevens Capital Partners purchased a new position in shares of Merck KGaA during the 2nd quarter worth $220,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Merck KGaA during the 2nd quarter valued at $523,000. Compass Wealth Management LLC bought a new stake in shares of Merck KGaA during the 2nd quarter valued at $834,000. Finally, Avaii Wealth Management LLC purchased a new stake in shares of Merck KGaA in the 2nd quarter worth $1,573,000. 0.10% of the stock is owned by hedge funds and other institutional investors.
Merck KGaA Price Performance
Shares of Merck KGaA stock opened at $160.21 on Wednesday. Merck KGaA has a one year low of $116.68 and a one year high of $175.56. The stock’s fifty day moving average is $162.32 and its 200 day moving average is $148.21. The stock has a market cap of $20.71 billion, a P/E ratio of 24.46 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31.
About Merck KGaA
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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