American National Bank buys $4,597,151 stake in Amgen (AMGN)

Amgen (AMGN) : American National Bank scooped up 4,323 additional shares in Amgen during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 28,395 shares of Amgen which is valued at $4,597,151.Amgen makes up approximately 1.56% of American National Bank’s portfolio.

Other Hedge Funds, Including , Eastern Bank boosted its stake in AMGN in the latest quarter, The investment management firm added 874 additional shares and now holds a total of 75,628 shares of Amgen which is valued at $12,244,173. Amgen makes up approx 1.00% of Eastern Bank’s portfolio.Msi Financial Services Inc reduced its stake in AMGN by selling 665 shares or 3.05% in the most recent quarter. The Hedge Fund company now holds 21,123 shares of AMGN which is valued at $3,470,298. Amgen makes up approx 0.12% of Msi Financial Services Inc’s portfolio.Banced Corp reduced its stake in AMGN by selling 40 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 2,355 shares of AMGN which is valued at $386,974. Amgen makes up approx 0.77% of Banced Corp’s portfolio.Washington Trust Bank reduced its stake in AMGN by selling 83 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 6,476 shares of AMGN which is valued at $1,083,046. Amgen makes up approx 0.26% of Washington Trust Bank’s portfolio.

Amgen closed down -2.39 points or -1.45% at $161.9 with 28,17,469 shares getting traded on Friday. Post opening the session at $165.05, the shares hit an intraday low of $161.84 and an intraday high of $165.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

Investors should note that on Oct 14, 2016, Amgen announced a cash dividend of $1.0000. The company’s management has announced Nov 14, 2016 as the ex-dividend date and fixed the record date on Nov 16, 2016. The payable date has been fixed on Dec 8, 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.

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