E Fund Management Co. Ltd. bought a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 29,310 shares of the company’s stock, valued at approximately $3,766,000.
A number of other large investors have also made changes to their positions in the company. Great Lakes Advisors LLC purchased a new position in shares of Merck KGaA during the second quarter valued at $183,444,000. BOK Financial Private Wealth Inc. purchased a new stake in Merck KGaA in the 2nd quarter worth about $523,000. Avaii Wealth Management LLC acquired a new stake in Merck KGaA during the 2nd quarter worth about $1,573,000. Compass Wealth Management LLC purchased a new position in Merck KGaA during the 2nd quarter valued at about $834,000. Finally, Diversify Advisory Services LLC purchased a new position in Merck KGaA during the 2nd quarter valued at about $3,810,000. Institutional investors and hedge funds own 0.10% of the company’s stock.
Merck KGaA Stock Performance
Shares of MKGAF opened at $167.38 on Thursday. The company has a market capitalization of $21.63 billion, a PE ratio of 25.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. The company’s 50 day moving average price is $162.50 and its 200 day moving average price is $148.28. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56.
Merck KGaA 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
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
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.
