Sterling Financial Planning Inc. acquired a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 3,246 shares of the company’s stock, valued at approximately $417,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC purchased a new position in Merck KGaA during the 2nd quarter valued at about $25,000. Kilter Group LLC purchased a new stake in shares of Merck KGaA in the second quarter valued at about $62,000. Addison Advisors LLC purchased a new stake in shares of Merck KGaA in the second quarter valued at about $90,000. Hara Capital LLC purchased a new stake in shares of Merck KGaA in the second quarter valued at about $110,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Merck KGaA in the second quarter valued at approximately $134,000. 0.10% of the stock is owned by institutional investors and hedge funds.
Merck KGaA Trading Up 0.7%
Shares of 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 has a 50 day simple moving average of $162.62 and a 200-day simple moving average of $148.46. Merck KGaA has a 1-year low of $116.68 and a 1-year high of $175.56. The stock has a market cap of $21.09 billion, a price-to-earnings ratio of 24.92 and a beta of 0.96.
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.
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