Portfolio Design Labs LLC acquired a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, HoldingsChannel.com reports. The fund acquired 16,354 shares of the company’s stock, valued at approximately $2,102,000.
Other hedge funds have also modified their holdings of the company. Frazier Financial Advisors LLC acquired a new stake in shares of Merck KGaA during the 2nd quarter valued at about $25,000. Addison Advisors LLC acquired a new position in Merck KGaA in the 2nd quarter worth about $90,000. Hara Capital LLC purchased a new position in Merck KGaA during the second quarter worth approximately $110,000. Comprehensive Financial Planning Inc. PA purchased a new position in Merck KGaA during the second quarter worth approximately $134,000. Finally, Stevens Capital Partners acquired a new stake in Merck KGaA in the second quarter valued at approximately $220,000. 0.10% of the stock is owned by hedge funds and other institutional investors.
Merck KGaA Stock Down 0.9%
Merck KGaA stock opened at $162.12 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.31 and a quick ratio of 0.84. The stock has a market capitalization of $20.95 billion, a PE ratio of 24.75 and a beta of 0.96. The business has a 50 day simple moving average of $162.47 and a 200-day simple moving average of $148.35. 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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