Amgen (AMGN) : Darrell King reduced its stake in Amgen by 2.81% during the most recent quarter end. The investment management company now holds a total of 196,192 shares of Amgen which is valued at $33,945,140 after selling 5,670 shares in Amgen , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Amgen makes up approximately 6.09% of Darrell King’s portfolio.
Other Hedge Funds, Including , Pinebridge Investments reduced its stake in AMGN by selling 16,430 shares or 12.56% in the most recent quarter. The Hedge Fund company now holds 114,395 shares of AMGN which is valued at $19,792,623. Amgen makes up approx 1.00% of Pinebridge Investments’s portfolio.Narwhal Capital Management boosted its stake in AMGN in the latest quarter, The investment management firm added 2,350 additional shares and now holds a total of 12,595 shares of Amgen which is valued at $2,149,715. Amgen makes up approx 0.66% of Narwhal Capital Management’s portfolio.Murphy Capital Management Inc reduced its stake in AMGN by selling 2,341 shares or 17.42% in the most recent quarter. The Hedge Fund company now holds 11,100 shares of AMGN which is valued at $1,812,075. Amgen makes up approx 0.27% of Murphy Capital Management Inc’s portfolio.Boston Common Asset Management boosted its stake in AMGN in the latest quarter, The investment management firm added 535 additional shares and now holds a total of 4,955 shares of Amgen which is valued at $808,904. Amgen makes up approx 0.12% of Boston Common Asset Management’s portfolio.
Amgen opened for trading at $174.44 and hit $175.99 on the upside on Tuesday, eventually ending the session at $174.4, with a gain of 0.03% or 0.05 points. The heightened volatility saw the trading volume jump to 23,76,437 shares. Company has a market cap of $130,514 M.
On the company’s financial health, Amgen reported $2.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $2.74. The company had revenue of $5688.00 million for the quarter, compared to analysts expectations of $5579.33 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.57 EPS.
Many Wall Street Analysts have commented on Amgen. Amgen was Initiated by Bernstein to “Mkt Perform” on Jun 29, 2016.
Amgen Inc. (Amgen) is a biotechnology company. The Company is engaged in discovering developing manufacturing and delivering human therapeutics. The Company’s sales and marketing forces are located in the United States and Europe. In the United States it sells its products to pharmaceutical wholesale distributors. The Company also markets certain products directly to consumers through direct-to-consumer print and television advertising as well as through the Internet. Outside the United States the Company sells its products to healthcare providers and/or pharmaceutical wholesale distributors. The Company’s products include Neulasta (pegfilgrastim)/NEUPOGEN (filgrastim) Enbrel (etanercept) XGEVA/Prolia (denosumab) ESAs (erythropoiesis-stimulating agents) Sensipar/Mimpara (cinacalcet) Kyprolis and Evolocumab among others.