True Freedom Investing LLC purchased a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 56,676 shares of the company’s stock, valued at approximately $6,818,000. Merck KGaA makes up 0.5% of True Freedom Investing LLC’s portfolio, making the stock its 14th biggest holding.
A number of other large investors also recently bought and sold shares of the business. Haverford Trust Co bought a new position in shares of Merck KGaA during the second quarter valued at approximately $35,005,000. Clear Harbor Asset Management LLC bought a new stake in shares of Merck KGaA in the 2nd quarter worth approximately $5,511,000. Davis Asset Management L.P. bought a new stake in shares of Merck KGaA in the 2nd quarter worth approximately $514,000. First Nebraska Trust Co purchased a new stake in shares of Merck KGaA in the 2nd quarter worth approximately $13,382,000. Finally, Bank of Nova Scotia purchased a new stake in shares of Merck KGaA in the 2nd quarter worth approximately $281,696,000. 0.10% of the stock is owned by hedge funds and other institutional investors.
Merck KGaA Stock Up 0.7%
MKGAF stock opened at $163.21 on Friday. The business has a 50 day moving average of $162.62 and a 200 day moving average of $148.46. The firm has a market cap of $21.09 billion, a PE ratio of 24.92 and a beta of 0.96. Merck KGaA has a twelve month low of $116.68 and a twelve month high of $175.56. 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 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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