Pegasus Partners Ltd. buys $2,486,441 stake in Amgen (AMGN)

Amgen (AMGN) : Pegasus Partners Ltd. scooped up 1,910 additional shares in Amgen during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 14,420 shares of Amgen which is valued at $2,486,441.Amgen makes up approximately 1.24% of Pegasus Partners Ltd.’s portfolio.

Other Hedge Funds, Including , Legacy Capital Partners added AMGN to its portfolio by purchasing 5,250 company shares during the most recent quarter which is valued at $904,785. Amgen makes up approx 0.55% of Legacy Capital Partners’s portfolio.Quadrant Capital Group reduced its stake in AMGN by selling 69 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 2,484 shares of AMGN which is valued at $427,323. Amgen makes up approx 0.27% of Quadrant Capital Group’s portfolio.Trust Co Of Toledo Na Oh reduced its stake in AMGN by selling 50 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 2,805 shares of AMGN which is valued at $478,757. Amgen makes up approx 0.14% of Trust Co Of Toledo Na Oh’s portfolio.Eastern Bank boosted its stake in AMGN in the latest quarter, The investment management firm added 68,650 additional shares and now holds a total of 74,754 shares of Amgen which is valued at $12,179,669. Amgen makes up approx 0.96% of Eastern Bank’s portfolio.

Amgen opened for trading at $172.01 and hit $174.5 on the upside on Wednesday, eventually ending the session at $174.31, with a gain of 1.25% or 2.15 points. The heightened volatility saw the trading volume jump to 25,80,941 shares. Company has a market cap of $130,447 M.

On the company’s financial health, Amgen reported $2.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $2.74. The company had revenue of $5688.00 million for the quarter, compared to analysts expectations of $5579.33 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.57 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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