Evanson Asset Management LLC Decreases Position in Amgen Inc. (AMGN)
Evanson Asset Management LLC trimmed its position in Amgen Inc. (NASDAQ:AMGN) by 0.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,475 shares of the medical research company’s stock after selling 1 shares during the period. Evanson Asset Management LLC’s holdings in Amgen were worth $254,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Camelot Portfolios LLC acquired a new position in Amgen in the first quarter worth about $1,429,000. Shelton Capital Management grew its stake in Amgen by 82.7% in the first quarter. Shelton Capital Management now owns 108,997 shares of the medical research company’s stock worth $17,883,000 after purchasing an additional 49,354 shares in the last quarter. Cadence Bank NA grew its stake in Amgen by 6.2% in the first quarter. Cadence Bank NA now owns 3,376 shares of the medical research company’s stock worth $554,000 after purchasing an additional 197 shares in the last quarter. Telos Capital Management Inc. grew its stake in Amgen by 1.6% in the first quarter. Telos Capital Management Inc. now owns 14,348 shares of the medical research company’s stock worth $2,354,000 after purchasing an additional 227 shares in the last quarter. Finally, Palladium Partners LLC grew its stake in Amgen by 1.9% in the first quarter. Palladium Partners LLC now owns 112,042 shares of the medical research company’s stock worth $18,382,000 after purchasing an additional 2,079 shares in the last quarter. Institutional investors and hedge funds own 78.09% of the company’s stock.
A number of equities analysts recently commented on AMGN shares. Oppenheimer Holdings, Inc. set a $189.00 price target on Amgen and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Mizuho reiterated a “buy” rating and issued a $195.00 price target on shares of Amgen in a research note on Sunday, July 9th. ValuEngine upgraded Amgen from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $195.00 price target on shares of Amgen in a research note on Tuesday, July 11th. Finally, Cann reiterated a “buy” rating and issued a $203.00 price target (up from $189.00) on shares of Amgen in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $186.14.
Shares of Amgen Inc. (NASDAQ:AMGN) traded down 0.23% during midday trading on Thursday, reaching $187.74. The company had a trading volume of 755,475 shares. Amgen Inc. has a 12 month low of $133.64 and a 12 month high of $191.10. The firm’s 50 day moving average price is $175.99 and its 200-day moving average price is $169.31. The company has a market capitalization of $136.99 billion, a P/E ratio of 17.10 and a beta of 1.35.
Amgen (NASDAQ:AMGN) last announced its earnings results on Tuesday, July 25th. The medical research company reported $3.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.11 by $0.16. Amgen had a net margin of 35.46% and a return on equity of 29.85%. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same period in the prior year, the business earned $2.84 earnings per share. Amgen’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts anticipate that Amgen Inc. will post $12.57 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 17th were given a dividend of $1.15 per share. The ex-dividend date was Tuesday, August 15th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.44%. Amgen’s payout ratio is 41.93%.
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).
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