Sterling Financial Planning Inc. purchased a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,246 shares of the company’s stock, valued at approximately $417,000.
A number of other large investors have also made changes to their positions in the stock. Robinhood Asset Management LLC acquired a new stake in shares of Merck KGaA in the second quarter valued at about $12,019,000. Callan Family Office LLC acquired a new position in Merck KGaA during the second quarter worth about $13,758,000. Expressive Wealth LLC purchased a new position in Merck KGaA in the second quarter valued at about $428,000. Fund Advisors of America Inc FL purchased a new position in Merck KGaA in the second quarter valued at about $476,000. Finally, Cauble & Harre Wealth Management Inc. acquired a new stake in shares of Merck KGaA during the 2nd quarter valued at approximately $422,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Price Performance
MKGAF stock opened at $163.21 on Friday. The firm has a 50 day moving average of $162.62 and a 200-day moving average of $148.46. The company has a market cap of $21.09 billion, a price-to-earnings 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.
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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