Oxford Financial Group LTD. LLC bought a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, HoldingsChannel.com reports. The fund bought 4,171 shares of the company’s stock, valued at approximately $536,000.
Other hedge funds also recently modified their holdings of the company. Gables Capital Management Inc. acquired a new stake in shares of Merck KGaA during the 2nd quarter worth about $2,095,000. Diversify Advisory Services LLC acquired a new position in shares of Merck KGaA in the second quarter valued at approximately $3,810,000. Danske Bank A S acquired a new position in shares of Merck KGaA in the second quarter valued at approximately $276,535,000. Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Merck KGaA during the second quarter valued at approximately $25,541,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in shares of Merck KGaA during the second quarter valued at approximately $523,000. 0.10% of the stock is owned by institutional investors and hedge funds.
Merck KGaA Stock Down 0.9%
Shares of OTCMKTS MKGAF opened at $162.12 on Friday. The firm has a market cap of $20.95 billion, a P/E ratio of 24.75 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. Merck KGaA has a 1 year low of $116.68 and a 1 year high of $175.56. The firm’s 50 day moving average price is $162.47 and its 200 day moving average price is $148.35.
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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