Compass Wealth Management LLC purchased a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,487 shares of the company’s stock, valued at approximately $834,000.
Several other hedge funds and other institutional investors have also modified their holdings of MKGAF. Stevens Capital Partners acquired a new stake in Merck KGaA during the second quarter valued at $220,000. BOK Financial Private Wealth Inc. purchased a new position in Merck KGaA in the second quarter valued at about $523,000. Gables Capital Management Inc. purchased a new stake in shares of Merck KGaA during the 2nd quarter worth about $2,095,000. Diversify Advisory Services LLC acquired a new stake in shares of Merck KGaA during the 2nd quarter valued at about $3,810,000. Finally, Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of Merck KGaA during the 2nd quarter valued at about $25,541,000. 0.10% of the stock is currently owned by hedge funds and other institutional investors.
Merck KGaA Trading Up 1.2%
Shares of OTCMKTS MKGAF opened at $160.21 on Wednesday. The stock has a market cap of $20.71 billion, a price-to-earnings ratio of 24.46 and a beta of 0.96. The business has a 50 day simple moving average of $162.32 and a 200 day simple moving average of $148.21. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31.
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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