Callan Family Office LLC bought a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 107,070 shares of the company’s stock, valued at approximately $13,758,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Expressive Wealth LLC purchased a new position in Merck KGaA in the second quarter valued at approximately $428,000. Fund Advisors of America Inc FL acquired a new stake in Merck KGaA during the second quarter worth approximately $476,000. Cauble & Harre Wealth Management Inc. purchased a new stake in shares of Merck KGaA during the 2nd quarter worth approximately $422,000. Keebeck Wealth Management purchased a new stake in shares of Merck KGaA during the 2nd quarter worth approximately $3,650,000. Finally, Blue Capital Inc. acquired a new position in shares of Merck KGaA in the 2nd quarter valued at $279,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Trading Up 0.7%
OTCMKTS MKGAF opened at $163.21 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.31 and a quick ratio of 0.84. The firm’s fifty day moving average price is $162.62 and its 200 day moving average price is $148.46. The company has a market capitalization of $21.09 billion, a price-to-earnings ratio of 24.92 and a beta of 0.96. Merck KGaA has a 12 month low of $116.68 and a 12 month 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.
