Fulton Bank N.A. Raises Position in Amgen Inc. (AMGN)
Fulton Bank N.A. boosted its holdings in shares of Amgen Inc. (NASDAQ:AMGN) by 5.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,433 shares of the medical research company’s stock after buying an additional 640 shares during the quarter. Fulton Bank N.A.’s holdings in Amgen were worth $1,969,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Jackson Grant Investment Advisers Inc. increased its holdings in Amgen by 0.6% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 636 shares of the medical research company’s stock valued at $104,000 after buying an additional 4 shares during the period. Conservest Capital Advisors Inc. grew its holdings in Amgen by 0.4% in the second quarter. Conservest Capital Advisors Inc. now owns 3,130 shares of the medical research company’s stock worth $539,000 after purchasing an additional 13 shares during the last quarter. M Holdings Securities Inc. grew its holdings in Amgen by 0.6% in the first quarter. M Holdings Securities Inc. now owns 2,825 shares of the medical research company’s stock worth $463,000 after purchasing an additional 18 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Amgen by 1.2% in the first quarter. Kovitz Investment Group Partners LLC now owns 3,223 shares of the medical research company’s stock worth $529,000 after purchasing an additional 38 shares during the last quarter. Finally, AMG Funds LLC grew its holdings in Amgen by 0.4% in the first quarter. AMG Funds LLC now owns 10,089 shares of the medical research company’s stock worth $1,655,000 after purchasing an additional 41 shares during the last quarter. 78.09% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on AMGN shares. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $189.00 price target on shares of Amgen in a report on Friday, June 30th. BidaskClub raised shares of Amgen from a “buy” rating to a “strong-buy” rating in a report on Friday, June 23rd. Credit Suisse Group set a $177.00 price target on shares of Amgen and gave the stock a “hold” rating in a report on Friday, July 14th. Morgan Stanley lifted their price target on shares of Amgen from $183.00 to $184.00 and gave the stock an “overweight” rating in a report on Tuesday, June 13th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $174.00 price target (up from $172.00) on shares of Amgen in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $186.14.
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Amgen Inc. (NASDAQ:AMGN) traded down 0.47% on Friday, reaching $185.76. 2,275,630 shares of the company were exchanged. The stock has a 50-day moving average price of $175.99 and a 200 day moving average price of $169.31. The stock has a market capitalization of $135.54 billion, a price-to-earnings ratio of 16.92 and a beta of 1.35. Amgen Inc. has a 52 week low of $133.64 and a 52 week high of $191.10.
Amgen (NASDAQ:AMGN) last released its earnings results on Tuesday, July 25th. The medical research company reported $3.27 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $5.67 billion. During the same quarter last year, the business earned $2.84 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Analysts forecast that Amgen Inc. will post $12.57 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 17th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Tuesday, August 15th. Amgen’s dividend payout ratio (DPR) is presently 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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