Amgen, Inc. (AMGN) Shares Sold by Family Management Corp
Family Management Corp lowered its stake in Amgen, Inc. (NASDAQ:AMGN) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,956 shares of the medical research company’s stock after selling 1,047 shares during the quarter. Amgen makes up approximately 2.8% of Family Management Corp’s investment portfolio, making the stock its 10th largest position. Family Management Corp’s holdings in Amgen were worth $4,759,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in AMGN. FMR LLC increased its position in shares of Amgen by 4.4% in the third quarter. FMR LLC now owns 35,823,268 shares of the medical research company’s stock valued at $7,425,805,000 after acquiring an additional 1,505,266 shares during the last quarter. Natixis increased its position in shares of Amgen by 2,612.1% in the second quarter. Natixis now owns 529,816 shares of the medical research company’s stock valued at $97,799,000 after acquiring an additional 510,281 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Amgen by 54.8% in the third quarter. Candriam Luxembourg S.C.A. now owns 1,075,050 shares of the medical research company’s stock valued at $222,847,000 after acquiring an additional 380,562 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Amgen by 404.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 456,500 shares of the medical research company’s stock valued at $94,333,000 after acquiring an additional 366,027 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Amgen by 17.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,365,045 shares of the medical research company’s stock valued at $436,551,000 after acquiring an additional 343,690 shares during the last quarter. 76.94% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Cynthia M. Patton sold 1,777 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $202.88, for a total transaction of $360,517.76. Following the completion of the sale, the senior vice president now owns 23,090 shares in the company, valued at $4,684,499.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.19% of the company’s stock.
Shares of NASDAQ AMGN opened at $191.44 on Friday. The company has a market cap of $126.81 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 2.07 and a beta of 1.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.84 and a current ratio of 3.08. Amgen, Inc. has a twelve month low of $163.31 and a twelve month high of $210.19.
Amgen (NASDAQ:AMGN) last issued its quarterly earnings data on Tuesday, October 30th. The medical research company reported $3.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.45 by $0.24. Amgen had a return on equity of 54.14% and a net margin of 9.44%. The company had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.78 billion. During the same quarter in the previous year, the company posted $3.27 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. On average, analysts anticipate that Amgen, Inc. will post 14.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 15th will be issued a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 3.03%. This is a boost from Amgen’s previous quarterly dividend of $1.32. Amgen’s payout ratio is currently 41.97%.
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Amgen Inc discovers, develops, manufactures, and delivers human therapeutics worldwide. It offers products for the treatment of oncology/hematology, cardiovascular, inflammation, bone health, nephrology, and neuroscience. The company's products include Evenity to treat osteoporosis in postmenopausal women; Prolia to treat postmenopausal women with osteoporosis; Xgeva for skeletal-related events prevention; Repatha to treat coronary diseases; Enbrel to treat plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Parsabiv to treat secondary hyperparathyroidism (sHPT); and Aimovig for the prevention of migraine.
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