Keating Financial Advisory Services Inc. purchased a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,606 shares of the company’s stock, valued at approximately $592,000.
A number of other hedge funds have also recently added to or reduced their stakes in MKGAF. Frazier Financial Advisors LLC acquired a new position in Merck KGaA in the 2nd quarter valued at $25,000. Kilter Group LLC bought a new stake in shares of Merck KGaA during the 2nd quarter valued at $62,000. Addison Advisors LLC bought a new stake in shares of Merck KGaA during the 2nd quarter valued at $90,000. Hara Capital LLC acquired a new stake in shares of Merck KGaA during the 2nd quarter worth $110,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Merck KGaA during the 2nd quarter worth $134,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Up 0.7%
Shares of OTCMKTS MKGAF opened at $163.21 on Friday. The stock has a market capitalization of $21.09 billion, a P/E ratio of 24.92 and a beta of 0.96. The stock’s fifty day moving average is $162.62 and its 200 day moving average is $148.46. 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.
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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