Trust Investment Advisors buys $1,495,830 stake in Amgen (AMGN)

Amgen (AMGN) : Trust Investment Advisors scooped up 50 additional shares in Amgen during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 8,675 shares of Amgen which is valued at $1,495,830.Amgen makes up approximately 1.66% of Trust Investment Advisors’s portfolio.

Other Hedge Funds, Including , Zwj Investment Counsel Inc reduced its stake in AMGN by selling 30 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 1,353 shares of AMGN which is valued at $233,298. Amgen makes up approx 0.02% of Zwj Investment Counsel Inc’s portfolio.Boston Partners boosted its stake in AMGN in the latest quarter, The investment management firm added 35,489 additional shares and now holds a total of 1,491,369 shares of Amgen which is valued at $258,991,141. Amgen makes up approx 0.36% of Boston Partners’s portfolio. Quantitative Investment Management sold out all of its stake in AMGN during the most recent quarter. The investment firm sold 51,500 shares of AMGN which is valued $8,931,645.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.Hartford Investment Management Co reduced its stake in AMGN by selling 4,674 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 186,717 shares of AMGN which is valued at $30,933,405. Amgen makes up approx 0.63% of Hartford Investment Management Co’s portfolio.

Amgen opened for trading at $171.48 and hit $174.72 on the upside on Monday, eventually ending the session at $174.58, with a gain of 0.90% or 1.56 points. The heightened volatility saw the trading volume jump to 27,84,334 shares. Company has a market cap of $130,649 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.

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