OneAscent Family Office LLC bought a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,470 shares of the company’s stock, valued at approximately $831,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MKGAF. Frazier Financial Advisors LLC bought a new stake in Merck KGaA during the second quarter worth $25,000. Kilter Group LLC bought a new position in shares of Merck KGaA in the 2nd quarter valued at about $62,000. Addison Advisors LLC bought a new position in shares of Merck KGaA in the 2nd quarter valued at about $90,000. Hara Capital LLC acquired a new position in shares of Merck KGaA during the 2nd quarter worth about $110,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of Merck KGaA during the 2nd quarter worth about $134,000. 0.10% of the stock is owned by institutional investors.
Merck KGaA Stock Down 0.9%
Shares of 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 stock has a market cap of $20.95 billion, a price-to-earnings ratio of 24.75 and a beta of 0.96. The firm’s 50-day moving average is $162.47 and its 200-day moving average is $148.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31.
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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