Amgen (AMGN) : Cape Cod Five Cents Savings Bank scooped up 1,555 additional shares in Amgen during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 43,753 shares of Amgen which is valued at $6,926,100.Amgen makes up approximately 1.31% of Cape Cod Five Cents Savings Bank’s portfolio.
Amgen opened for trading at $158.62 and hit $159.42 on the upside on Monday, eventually ending the session at $158.99, with a gain of 0.44% or 0.69 points. The heightened volatility saw the trading volume jump to 24,33,704 shares. Company has a market cap of $119,575 M.
Other Hedge Funds, Including , Westbourne Investment Advisors reduced its stake in AMGN by selling 125 shares or 3.08% in the most recent quarter. The Hedge Fund company now holds 3,935 shares of AMGN which is valued at $622,911. Amgen makes up approx 0.60% of Westbourne Investment Advisors’s portfolio.Seaward Management Limited Partnership reduced its stake in AMGN by selling 2,170 shares or 3.47% in the most recent quarter. The Hedge Fund company now holds 60,281 shares of AMGN which is valued at $9,837,256. Amgen makes up approx 0.52% of Seaward Management Limited Partnership’s portfolio.Northstar Group reduced its stake in AMGN by selling 210 shares or 7.66% in the most recent quarter. The Hedge Fund company now holds 2,530 shares of AMGN which is valued at $405,129. Amgen makes up approx 0.31% of Northstar Group’s portfolio.
On the company’s financial health, Amgen reported $2.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.29 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $2.61. The company had revenue of $5527.00 million for the quarter, compared to analysts expectations of $5321.84 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.48 EPS.
Investors should note that on Mar 2, 2016, Amgen announced a cash dividend of $1.0000. The company’s management has announced May 13, 2016 as the ex-dividend date and fixed the record date on May 17, 2016. The payable date has been fixed on Jun 8, 2016.
Many Wall Street Analysts have commented on Amgen. Citigroup Initiated Amgen on Feb 25, 2016 to “Neutral”, Price Target of the shares are set at $165.Shares were Reiterated by Argus on Feb 8, 2016 to “Buy” and Lowered the Price Target to $ 185 from a previous price target of $202 .
Amgen Inc. (Amgen) is a biotechnology company. The Company is engaged in discovering developing manufacturing and delivering human therapeutics. The Company’s sales and marketing forces are located in the United States and Europe. In the United States it sells its products to pharmaceutical wholesale distributors. The Company also markets certain products directly to consumers through direct-to-consumer print and television advertising as well as through the Internet. Outside the United States the Company sells its products to healthcare providers and/or pharmaceutical wholesale distributors. The Company’s products include Neulasta (pegfilgrastim)/NEUPOGEN (filgrastim) Enbrel (etanercept) XGEVA/Prolia (denosumab) ESAs (erythropoiesis-stimulating agents) Sensipar/Mimpara (cinacalcet) Kyprolis and Evolocumab among others.