Pure Financial Advisors LLC acquired a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 59,640 shares of the company’s stock, valued at approximately $7,664,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in MKGAF. Frazier Financial Advisors LLC acquired a new stake in shares of Merck KGaA in the 2nd quarter worth about $25,000. Rakuten Securities Inc. acquired a new position in Merck KGaA during the 2nd quarter valued at about $27,000. Delos Wealth Advisors LLC bought a new stake in Merck KGaA during the 2nd quarter worth approximately $33,000. Solstein Capital LLC purchased a new stake in shares of Merck KGaA in the second quarter worth approximately $33,000. Finally, Burk Holdings LLC purchased a new stake in shares of Merck KGaA in the second quarter worth approximately $39,000. 0.10% of the stock is owned by institutional investors.
Merck KGaA Stock Up 0.4%
MKGAF stock opened at $164.58 on Thursday. The firm has a market capitalization of $21.27 billion, a PE ratio of 25.13 and a beta of 0.96. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27. Merck KGaA has a twelve month low of $116.68 and a twelve month high of $175.56. The stock’s 50 day moving average is $163.19 and its 200-day moving average is $148.83.
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.
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