Exxonmobil Investment Management Inc Tx Lowers stake in Amgen (AMGN)

Amgen (AMGN) : Exxonmobil Investment Management Inc Tx reduced its stake in Amgen by 1.73% during the most recent quarter end. The investment management company now holds a total of 191,083 shares of Amgen which is valued at $32,006,403 after selling 3,370 shares in Amgen , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Amgen makes up approximately 0.67% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Sadoff Investment Management added AMGN to its portfolio by purchasing 1,317 company shares during the most recent quarter which is valued at $220,598. Amgen makes up approx 0.02% of Sadoff Investment Management’s portfolio.Independence Advisors boosted its stake in AMGN in the latest quarter, The investment management firm added 1,888 additional shares and now holds a total of 3,393 shares of Amgen which is valued at $568,328. Amgen makes up approx 0.27% of Independence Advisors’s portfolio.Telemus Capital boosted its stake in AMGN in the latest quarter, The investment management firm added 835 additional shares and now holds a total of 20,649 shares of Amgen which is valued at $3,453,339. Amgen makes up approx 0.38% of Telemus Capital’s portfolio.Burns J W Co Incny boosted its stake in AMGN in the latest quarter, The investment management firm added 4,708 additional shares and now holds a total of 9,978 shares of Amgen which is valued at $1,668,721. Amgen makes up approx 0.52% of Burns J W Co Incny’s portfolio.

Amgen opened for trading at $167.94 and hit $168.1499 on the upside on Friday, eventually ending the session at $167.5, with a gain of 0.36% or 0.6 points. The heightened volatility saw the trading volume jump to 16,79,823 shares. Company has a market cap of $125,350 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.

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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