Korea Investment CORP acquired a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,861,405 shares of the company’s stock, valued at approximately $239,191,000. Korea Investment CORP owned about 1.44% of Merck KGaA at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of MKGAF. Frazier Financial Advisors LLC purchased a new position in shares of Merck KGaA in the second quarter valued at $25,000. Rakuten Securities Inc. purchased a new stake in Merck KGaA during the second quarter valued at $27,000. Bard Associates Inc. bought a new position in Merck KGaA during the second quarter valued at $60,000. Kilter Group LLC purchased a new position in shares of Merck KGaA in the 2nd quarter worth $62,000. Finally, Addison Advisors LLC bought a new stake in shares of Merck KGaA in the 2nd quarter worth about $90,000. 0.10% of the stock is owned by hedge funds and other institutional investors.
Merck KGaA Stock Up 0.7%
Shares of OTCMKTS MKGAF opened at $163.21 on Friday. The firm’s 50-day moving average price is $162.62 and its 200-day moving average price is $148.46. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. Merck KGaA has a 12-month low of $116.68 and a 12-month high of $175.56. The stock 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.
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