Amgen (AMGN) : Marco Investment Management scooped up 3,845 additional shares in Amgen during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 81,529 shares of Amgen which is valued at $14,106,148.Amgen makes up approximately 2.05% of Marco Investment Management’s portfolio.
Other Hedge Funds, Including , Banque Pictet Cie Sa boosted its stake in AMGN in the latest quarter, The investment management firm added 5,071 additional shares and now holds a total of 11,444 shares of Amgen which is valued at $1,980,041. Amgen makes up approx 0.05% of Banque Pictet Cie Sa’s portfolio.Janney Montgomery Scott reduced its stake in AMGN by selling 4,009 shares or 4.04% in the most recent quarter. The Hedge Fund company now holds 95,301 shares of AMGN which is valued at $16,549,972. Amgen makes up approx 0.25% of Janney Montgomery Scott’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in AMGN in the latest quarter, The investment management firm added 2,762 additional shares and now holds a total of 116,803 shares of Amgen which is valued at $20,257,144. Amgen makes up approx 0.51% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Ifc Holdings Incorporatedfl boosted its stake in AMGN in the latest quarter, The investment management firm added 714 additional shares and now holds a total of 12,275 shares of Amgen which is valued at $2,128,853. Amgen makes up approx 0.24% of Ifc Holdings Incorporatedfl’s portfolio.Highland Capital Management reduced its stake in AMGN by selling 10 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 17,728 shares of AMGN which is valued at $2,894,096. Amgen makes up approx 0.24% of Highland Capital Management’s portfolio.
Amgen closed down -1.13 points or -0.65% at $173.62 with 26,96,372 shares getting traded on Friday. Post opening the session at $174.1, the shares hit an intraday low of $172.26 and an intraday high of $174.96 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.
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.