LaSalle St. Investment Advisors LLC bought a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, Holdings Channel reports. The institutional investor bought 18,927 shares of the company’s stock, valued at approximately $2,432,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Frazier Financial Advisors LLC bought a new position in Merck KGaA during the second quarter valued at approximately $25,000. Kilter Group LLC bought a new stake in shares of Merck KGaA during the 2nd quarter worth about $62,000. Addison Advisors LLC bought a new stake in shares of Merck KGaA during the 2nd quarter worth about $90,000. Hara Capital LLC bought a new stake in shares of Merck KGaA during the 2nd quarter worth about $110,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of Merck KGaA during the 2nd quarter valued at about $134,000. 0.10% of the stock is currently owned by hedge funds and other institutional investors.
Merck KGaA Stock Down 0.9%
Shares of MKGAF stock opened at $162.12 on Friday. The stock’s 50 day simple moving average is $162.47 and its 200 day simple moving average is $148.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. Merck KGaA has a twelve month low of $116.68 and a twelve month high of $175.56. The company has a market capitalization of $20.95 billion, a price-to-earnings ratio of 24.75 and a beta of 0.96.
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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