Taylor Cottrill Erickson Associates buys $6,885,130 stake in Amgen (AMGN)

Amgen (AMGN) : Taylor Cottrill Erickson Associates scooped up 3,030 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 39,930 shares of Amgen which is valued at $6,885,130.Amgen makes up approximately 1.90% of Taylor Cottrill Erickson Associates’s portfolio.

Other Hedge Funds, Including , Systematic Financial Management Lp reduced its stake in AMGN by selling 17,998 shares or 16.39% in the most recent quarter. The Hedge Fund company now holds 91,794 shares of AMGN which is valued at $15,819,778. Amgen makes up approx 0.21% of Systematic Financial Management Lp’s portfolio.Gsa Capital Partners Llp boosted its stake in AMGN in the latest quarter, The investment management firm added 1,059 additional shares and now holds a total of 19,264 shares of Amgen which is valued at $3,345,386. Amgen makes up approx 0.17% of Gsa Capital Partners Llp’s portfolio.Alexandria Capital reduced its stake in AMGN by selling 146 shares or 18.39% in the most recent quarter. The Hedge Fund company now holds 648 shares of AMGN which is valued at $112,532. Amgen makes up approx 0.02% of Alexandria Capital’s portfolio.Cable Hill Partners boosted its stake in AMGN in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 1,233 shares of Amgen which is valued at $214,123. Amgen makes up approx 0.14% of Cable Hill Partners’s portfolio.Granite Investment Advisors reduced its stake in AMGN by selling 97 shares or 5.29% in the most recent quarter. The Hedge Fund company now holds 1,737 shares of AMGN which is valued at $287,769. Amgen makes up approx 0.06% of Granite Investment Advisors’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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