Pin Oak Investment Advisors Inc. acquired a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, Holdings Channel reports. The fund acquired 3,079 shares of the company’s stock, valued at approximately $396,000.
Several other large investors have also modified their holdings of MKGAF. Bank of America Corp DE purchased a new position in shares of Merck KGaA in the 2nd quarter valued at $3,923,774,000. Legal & General Group Plc acquired a new position in Merck KGaA in the second quarter valued at $2,425,225,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Merck KGaA in the second quarter valued at $942,087,000. Caisse de depot et placement du Quebec purchased a new position in shares of Merck KGaA during the second quarter worth about $571,582,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Merck KGaA during the second quarter worth about $536,694,000. Institutional investors and hedge funds own 0.10% of the company’s stock.
Merck KGaA Stock Up 3.8%
MKGAF opened at $164.12 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 quick ratio of 0.84 and a current ratio of 1.31. The stock has a market capitalization of $21.21 billion, a P/E ratio of 25.06 and a beta of 0.96. The business’s 50-day simple moving average is $163.35 and its 200-day simple moving average is $149.06.
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.
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