First Nebraska Trust Co Purchases Shares of 104,140 Merck KGaA $MKGAF

First Nebraska Trust Co purchased a new position in Merck KGaA (OTCMKTS:MKGAF) during the second quarter, HoldingsChannel.com reports. The fund purchased 104,140 shares of the company’s stock, valued at approximately $13,382,000. Merck KGaA comprises about 1.1% of First Nebraska Trust Co’s portfolio, making the stock its 23rd largest holding.

Other hedge funds have also recently modified their holdings of the company. Gables Capital Management Inc. bought a new position in shares of Merck KGaA during the second quarter valued at about $2,095,000. Diversify Advisory Services LLC bought a new stake in shares of Merck KGaA in the second quarter worth about $3,810,000. Danske Bank A S bought a new stake in shares of Merck KGaA in the second quarter worth about $276,535,000. Danica Pension Livsforsikringsaktieselskab purchased a new position in Merck KGaA during the 2nd quarter valued at about $25,541,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in Merck KGaA during the 2nd quarter valued at about $523,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.

Merck KGaA Trading Up 0.7%

MKGAF opened at $163.21 on Friday. Merck KGaA has a one year low of $116.68 and a one year high of $175.56. 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 business has a 50 day simple moving average of $162.62 and a two-hundred day simple moving average of $148.46. The firm has a market capitalization of $21.09 billion, a price-to-earnings ratio of 24.92 and a beta of 0.96.

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.