Public Employees Retirement System of Ohio purchased a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 978,914 shares of the company’s stock, valued at approximately $125,790,000.
Several other large investors have also recently bought and sold shares of MKGAF. Frazier Financial Advisors LLC purchased a new stake in Merck KGaA in the 2nd quarter worth about $25,000. Rakuten Securities Inc. acquired a new stake in Merck KGaA during the 2nd quarter worth about $27,000. Delos Wealth Advisors LLC purchased a new position in Merck KGaA during the 2nd quarter valued at about $33,000. Solstein Capital LLC purchased a new position in Merck KGaA during the 2nd quarter valued at about $33,000. Finally, Burk Holdings LLC acquired a new position in shares of Merck KGaA in the 2nd quarter valued at about $39,000. 0.10% of the stock is owned by institutional investors and hedge funds.
Merck KGaA Price Performance
Shares of MKGAF opened at $158.15 on Friday. The business’s 50-day moving average is $163.21 and its 200-day moving average is $148.95. 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 company has a market capitalization of $20.44 billion, a price-to-earnings ratio of 24.14 and a beta of 0.96. Merck KGaA has a fifty-two week low of $116.68 and a fifty-two week high of $175.56.
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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