Gradient Investments buys $5,173,681 stake in Amgen (AMGN)

Amgen (AMGN) : Gradient Investments scooped up 537 additional shares in Amgen during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 30,739 shares of Amgen which is valued at $5,173,681.Amgen makes up approximately 0.51% of Gradient Investments’s portfolio.

Other Hedge Funds, Including , Raymond James Trust N.a. boosted its stake in AMGN in the latest quarter, The investment management firm added 289 additional shares and now holds a total of 37,127 shares of Amgen which is valued at $6,248,845. Amgen makes up approx 0.54% of Raymond James Trust N.a.’s portfolio. 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.Arvest Bank Trust Division boosted its stake in AMGN in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 1,495 shares of Amgen which is valued at $250,413. Amgen makes up approx 0.02% of Arvest Bank Trust Division’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in AMGN by selling 3,370 shares or 1.73% in the most recent quarter. The Hedge Fund company now holds 191,083 shares of AMGN which is valued at $32,006,403. Amgen makes up approx 0.67% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in AMGN by selling 105,960 shares or 9.02% in the most recent quarter. The Hedge Fund company now holds 1,069,080 shares of AMGN which is valued at $178,792,939. Amgen makes up approx 0.73% of Bnp Paribas Arbitrage Sa’s portfolio.

Amgen closed down -3.99 points or -2.37% at $164.32 with 27,61,896 shares getting traded on Tuesday. Post opening the session at $167.82, the shares hit an intraday low of $163.51 and an intraday high of $167.82 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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