Empirical Asset Management LLC acquired a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,535 shares of the company’s stock, valued at approximately $1,996,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Danske Bank A S bought a new position in shares of Merck KGaA in the 2nd quarter valued at about $276,535,000. Great Lakes Advisors LLC acquired a new stake in shares of Merck KGaA during the 2nd quarter worth about $183,444,000. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Merck KGaA during the 2nd quarter worth about $25,541,000. Diversify Advisory Services LLC bought a new stake in shares of Merck KGaA during the 2nd quarter worth about $3,810,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Merck KGaA during the 2nd quarter worth about $2,095,000. 0.10% of the stock is owned by institutional investors.
Merck KGaA Stock Up 1.2%
Shares of MKGAF opened at $160.21 on Wednesday. The firm has a market cap of $20.71 billion, a P/E ratio of 24.46 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56. The firm’s 50-day simple moving average is $162.32 and its 200 day simple moving average is $148.21.
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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