Pennsylvania Trust Co Lowers stake in Amgen (AMGN)

Amgen (AMGN) : Pennsylvania Trust Co reduced its stake in Amgen by 0.18% during the most recent quarter end. The investment management company now holds a total of 101,908 shares of Amgen which is valued at $16,636,481 after selling 186 shares in Amgen , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Amgen makes up approximately 1.31% of Pennsylvania Trust Co’s portfolio.

Other Hedge Funds, Including , Abner Herrman Brock boosted its stake in AMGN in the latest quarter, The investment management firm added 2,908 additional shares and now holds a total of 34,044 shares of Amgen which is valued at $5,464,743. Amgen makes up approx 1.26% of Abner Herrman Brock’s portfolio.Cutler Group Lp boosted its stake in AMGN in the latest quarter, The investment management firm added 19,849 additional shares and now holds a total of 21,886 shares of Amgen which is valued at $3,513,141. Amgen makes up approx 0.24% of Cutler Group Lp’s portfolio.Pacwest Financial Management Inc reduced its stake in AMGN by selling 25 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 11,465 shares of AMGN which is valued at $1,840,362. Amgen makes up approx 1.12% of Pacwest Financial Management Inc’s portfolio.Stock Yards Bank Trust Co reduced its stake in AMGN by selling 25,379 shares or 62.44% in the most recent quarter. The Hedge Fund company now holds 15,267 shares of AMGN which is valued at $2,355,240. Amgen makes up approx 0.31% of Stock Yards Bank Trust Co’s portfolio.

Amgen opened for trading at $162.45 and hit $163.65 on the upside on Wednesday, eventually ending the session at $163.25, with a gain of 0.47% or 0.76 points. The heightened volatility saw the trading volume jump to 21,61,425 shares. Company has a market cap of $122,636 M.

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.

Many Wall Street Analysts have commented on Amgen. Amgen was Initiated by Bernstein to “Mkt Perform” on Jun 29, 2016.

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.

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