Robinson Value Management Ltd. Takes Position in Amgen Inc. (AMGN)
Robinson Value Management Ltd. acquired a new stake in shares of Amgen Inc. (NASDAQ:AMGN) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 5,150 shares of the medical research company’s stock, valued at approximately $753,000.
Several other hedge funds have also recently added to or reduced their stakes in AMGN. Morgan Stanley increased its stake in Amgen by 8.0% in the third quarter. Morgan Stanley now owns 8,678,786 shares of the medical research company’s stock valued at $1,447,708,000 after buying an additional 639,410 shares during the last quarter. Numeric Investors LLC increased its stake in Amgen by 58.2% in the second quarter. Numeric Investors LLC now owns 1,620,496 shares of the medical research company’s stock valued at $246,558,000 after buying an additional 596,160 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in Amgen by 172.8% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 812,391 shares of the medical research company’s stock valued at $135,514,000 after buying an additional 514,557 shares during the last quarter. Bahl & Gaynor Inc. increased its stake in Amgen by 106.6% in the third quarter. Bahl & Gaynor Inc. now owns 818,393 shares of the medical research company’s stock valued at $136,516,000 after buying an additional 422,246 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in Amgen by 69.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 907,738 shares of the medical research company’s stock valued at $150,255,000 after buying an additional 372,883 shares during the last quarter. Hedge funds and other institutional investors own 79.04% of the company’s stock.
Shares of Amgen Inc. (NASDAQ:AMGN) opened at 172.11 on Friday. The stock has a market cap of $127.02 billion, a price-to-earnings ratio of 16.81 and a beta of 1.15. The company has a 50-day moving average price of $158.68 and a 200-day moving average price of $159.34. Amgen Inc. has a 12 month low of $133.64 and a 12 month high of $176.85.
Amgen (NASDAQ:AMGN) last announced its earnings results on Thursday, February 2nd. The medical research company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.79 by $0.10. Amgen had a return on equity of 29.42% and a net margin of 33.59%. The company earned $5.97 billion during the quarter, compared to analysts’ expectations of $5.75 billion. During the same period last year, the business posted $2.61 EPS. Amgen’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts expect that Amgen Inc. will post $12.34 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 8th. Investors of record on Wednesday, February 15th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.67%. This is a boost from Amgen’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, February 13th. Amgen’s dividend payout ratio (DPR) is 44.92%.
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Several analysts recently weighed in on AMGN shares. RBC Capital Markets set a $190.00 price objective on Amgen and gave the company a “buy” rating in a report on Wednesday, January 4th. Zacks Investment Research downgraded Amgen from a “hold” rating to a “sell” rating in a report on Tuesday, January 3rd. Vetr upgraded Amgen from a “buy” rating to a “strong-buy” rating and set a $182.34 price objective for the company in a report on Monday, October 24th. Leerink Swann reiterated a “market perform” rating and issued a $163.00 target price (down from $193.00) on shares of Amgen in a report on Friday, October 28th. Finally, Bank of America Corporation upgraded shares of Amgen from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $156.68 to $192.00 in a report on Wednesday, February 1st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. Amgen currently has an average rating of “Hold” and an average target price of $181.90.
Amgen Company Profile
Amgen Inc is a biotechnology company. The Company discovers, develops, manufactures and delivers various human therapeutics. The Company’s business segment is human therapeutics. Its marketed products portfolio includes Neulasta (pegfilgrastim); erythropoiesis-stimulating agents (ESAs), such as Aranesp (darbepoetin alfa) and EPOGEN (epoetin alfa); Sensipar/Mimpara (cinacalcet); XGEVA (denosumab); Prolia (denosumab); NEUPOGEN (filgrastim), and other marketed products, such as Vectibix (panitumumab), Nplate (romiplostim) and Corlanor (ivabradine).
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