Keebeck Wealth Management acquired a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 28,212 shares of the company’s stock, valued at approximately $3,650,000.
A number of other institutional investors have also recently bought and sold shares of the business. Gables Capital Management Inc. acquired a new stake in 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 2nd quarter valued at about $3,810,000. Danske Bank A S acquired a new position in shares of Merck KGaA in the 2nd quarter valued at about $276,535,000. Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Merck KGaA in the second quarter worth approximately $25,541,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of Merck KGaA in the second quarter worth approximately $523,000. 0.10% of the stock is currently owned by institutional investors and hedge funds.
Merck KGaA Stock Performance
MKGAF stock opened at $163.21 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. The stock has a market cap of $21.09 billion, a P/E ratio of 24.92 and a beta of 0.96. The firm has a 50 day simple moving average of $162.62 and a 200 day simple moving average of $148.46. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56.
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.
Further Reading
- Five stocks we like better than Merck KGaA
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
Want to see what other hedge funds are holding MKGAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merck KGaA (OTCMKTS:MKGAF – Free Report).
Receive News & Ratings for Merck KGaA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merck KGaA and related companies with MarketBeat.com's FREE daily email newsletter.
