Sumitomo Life Insurance Co. bought a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,968 shares of the company’s stock, valued at approximately $2,951,000.
Several other hedge funds and other institutional investors have also modified their holdings of MKGAF. Frazier Financial Advisors LLC acquired a new position in Merck KGaA in the 2nd quarter valued at about $25,000. Rakuten Securities Inc. acquired a new stake in Merck KGaA during the second quarter worth approximately $27,000. Bard Associates Inc. acquired a new stake in Merck KGaA during the second quarter worth approximately $60,000. Kilter Group LLC bought a new stake in shares of Merck KGaA during the second quarter worth approximately $62,000. Finally, Addison Advisors LLC bought a new stake in shares of Merck KGaA during the second quarter worth approximately $90,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Price Performance
Merck KGaA stock opened at $163.21 on Friday. Merck KGaA has a 12 month low of $116.68 and a 12 month high of $175.56. The stock’s 50 day moving average is $162.62 and its 200-day moving average is $148.46. 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 company has a market capitalization of $21.09 billion, a price-to-earnings ratio of 24.92 and a beta of 0.96.
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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