Amgen (AMGN) : Timber Creek Capital Management scooped up 160 additional shares in Amgen during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 23,219 shares of Amgen which is valued at $4,017,351.Amgen makes up approximately 3.17% of Timber Creek Capital Management’s portfolio.
Other Hedge Funds, Including , Pioneer Investment Management Inc reduced its stake in AMGN by selling 31,983 shares or 20.26% in the most recent quarter. The Hedge Fund company now holds 125,883 shares of AMGN which is valued at $21,780,277. Amgen makes up approx 0.08% of Pioneer Investment Management Inc’s portfolio.P.a.w. Capital Corp boosted its stake in AMGN in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 8,000 shares of Amgen which is valued at $1,389,280. Amgen makes up approx 1.53% of P.a.w. Capital Corp’s portfolio.Shelton Capital Management boosted its stake in AMGN in the latest quarter, The investment management firm added 4,058 additional shares and now holds a total of 62,943 shares of Amgen which is valued at $10,916,204. Amgen makes up approx 0.95% of Shelton Capital Management’s portfolio.Davis R M Inc boosted its stake in AMGN in the latest quarter, The investment management firm added 668 additional shares and now holds a total of 8,005 shares of Amgen which is valued at $1,304,255. Amgen makes up approx 0.06% of Davis R M Inc’s portfolio.
Amgen closed down -1.13 points or -0.65% at $173.62 with 26,96,372 shares getting traded on Friday. Post opening the session at $174.1, the shares hit an intraday low of $172.26 and an intraday high of $174.96 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.