Port Capital LLC bought a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 7,247 shares of the company’s stock, valued at approximately $931,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Legal & General Group Plc purchased a new position in shares of Merck KGaA in the 2nd quarter valued at about $2,425,225,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Merck KGaA in the second quarter valued at about $942,087,000. Caisse de depot et placement du Quebec purchased a new stake in Merck KGaA during the second quarter worth about $571,582,000. Canada Pension Plan Investment Board purchased a new stake in Merck KGaA during the second quarter worth about $536,694,000. Finally, Jupiter Topco LLC acquired a new position in Merck KGaA during the second quarter worth about $501,199,000. 0.10% of the stock is owned by institutional investors and hedge funds.
Merck KGaA Trading Up 0.4%
Shares of Merck KGaA stock opened at $164.58 on Thursday. Merck KGaA has a 12-month low of $116.68 and a 12-month high of $175.56. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock has a market cap of $21.27 billion, a PE ratio of 25.13 and a beta of 0.96. The company has a 50-day moving average of $163.19 and a two-hundred day moving average of $148.83.
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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