Investors sold shares of Amgen Inc. (NASDAQ:AMGN) on strength during trading on Thursday. $112.13 million flowed into the stock on the tick-up and $150.10 million flowed out of the stock on the tick-down, for a money net flow of $37.97 million out of the stock. Of all equities tracked, Amgen had the 26th highest net out-flow for the day. Amgen traded up $2.33 for the day and closed at $180.71

Several brokerages have recently issued reports on AMGN. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $203.00 price target on shares of Amgen in a research note on Thursday. Cann restated a “buy” rating on shares of Amgen in a research note on Monday, August 28th. Mizuho restated a “buy” rating and set a $183.00 price target (down previously from $195.00) on shares of Amgen in a research note on Monday, August 21st. BidaskClub lowered shares of Amgen from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Argus raised their price target on shares of Amgen from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Amgen has an average rating of “Buy” and an average price target of $186.04.

The company has a market capitalization of $131.86 billion, a P/E ratio of 16.46 and a beta of 1.35. The stock has a 50 day moving average price of $173.73 and a 200-day moving average price of $168.71.

Amgen (NASDAQ:AMGN) last posted its earnings results on Tuesday, July 25th. The medical research company reported $3.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.11 by $0.16. The company had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.67 billion. Amgen had a net margin of 35.46% and a return on equity of 29.85%. Amgen’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $2.84 earnings per share. On average, analysts predict that Amgen Inc. will post $12.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 17th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $4.60 annualized dividend and a yield of 2.55%. Amgen’s payout ratio is 41.93%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Intl Fcstone Inc. purchased a new position in Amgen during the second quarter valued at $1,769,000. Gs Investments Inc. purchased a new position in Amgen during the second quarter valued at $2,119,000. Lord Abbett & CO. LLC purchased a new position in Amgen during the second quarter valued at $14,175,000. United Bank VA grew its stake in Amgen by 7.4% during the second quarter. United Bank VA now owns 28,581 shares of the medical research company’s stock valued at $4,923,000 after acquiring an additional 1,960 shares in the last quarter. Finally, Farmers National Bank grew its stake in Amgen by 5.4% during the second quarter. Farmers National Bank now owns 5,166 shares of the medical research company’s stock valued at $890,000 after acquiring an additional 264 shares in the last quarter. 78.13% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This story was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.dailypolitical.com/2017/09/07/investors-sell-amgen-inc-amgn-on-strength-amgn-4.html.

Amgen Company Profile

Amgen Inc is a biotechnology company. The Company discovers, develops, manufactures and delivers various human therapeutics. It operates in human therapeutics segment. 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 KYPROLIS (carfilzomib), Vectibix (panitumumab), Nplate (romiplostim), Repatha (evolocumab), BLINCYTO (blinatumomab), IMLYGIC (talimogene laherparepvec) and Corlanor (ivabradine).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.