Trillium Asset Management LLC acquired a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 87,017 shares of the company’s stock, valued at approximately $11,182,000. Trillium Asset Management LLC owned about 0.07% of Merck KGaA at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Frazier Financial Advisors LLC bought a new position in shares of Merck KGaA during the 2nd quarter valued at approximately $25,000. Addison Advisors LLC purchased a new position in shares of Merck KGaA in the second quarter valued at $90,000. Comprehensive Financial Planning Inc. PA bought a new stake in Merck KGaA in the second quarter worth $134,000. Stevens Capital Partners bought a new stake in Merck KGaA in the second quarter worth $220,000. Finally, United Bank purchased a new stake in Merck KGaA during the second quarter valued at $248,000. 0.10% of the stock is owned by hedge funds and other institutional investors.
Merck KGaA Price Performance
MKGAF stock opened at $162.12 on Friday. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $162.47 and a two-hundred day simple moving average of $148.35. The firm has a market capitalization of $20.95 billion, a P/E ratio of 24.75 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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