Amgen, Inc. (AMGN) Holdings Trimmed by Private Capital Management Inc.

Private Capital Management Inc. lessened its stake in shares of Amgen, Inc. (NASDAQ:AMGN) by 23.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,150 shares of the medical research company’s stock after selling 1,550 shares during the quarter. Amgen comprises 1.1% of Private Capital Management Inc.’s portfolio, making the stock its 19th largest holding. Private Capital Management Inc.’s holdings in Amgen were worth $960,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. TrimTabs Asset Management LLC grew its holdings in shares of Amgen by 88.9% during the first quarter. TrimTabs Asset Management LLC now owns 612 shares of the medical research company’s stock worth $100,000 after purchasing an additional 288 shares in the last quarter. Baker Ellis Asset Management LLC purchased a new position in shares of Amgen during the third quarter worth about $108,000. Jackson Grant Investment Advisers Inc. grew its holdings in shares of Amgen by 0.8% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 641 shares of the medical research company’s stock worth $110,000 after purchasing an additional 5 shares in the last quarter. Phocas Financial Corp. purchased a new position in shares of Amgen during the second quarter worth about $110,000. Finally, Omnia Family Wealth LLC grew its holdings in shares of Amgen by 25.3% during the second quarter. Omnia Family Wealth LLC now owns 729 shares of the medical research company’s stock worth $125,000 after purchasing an additional 147 shares in the last quarter. 78.46% of the stock is owned by institutional investors and hedge funds.

Shares of Amgen, Inc. (NASDAQ:AMGN) opened at $175.25 on Friday. The firm has a market capitalization of $127,220.00, a P/E ratio of 15.83, a P/E/G ratio of 2.55 and a beta of 1.36. Amgen, Inc. has a 12-month low of $145.62 and a 12-month high of $191.10. The company has a debt-to-equity ratio of 1.05, a current ratio of 6.07 and a quick ratio of 5.72.

Amgen (NASDAQ:AMGN) last released its earnings results on Wednesday, October 25th. The medical research company reported $3.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.11 by $0.16. The company had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.75 billion. Amgen had a return on equity of 29.90% and a net margin of 35.54%. Amgen’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.02 EPS. analysts expect that Amgen, Inc. will post 12.67 earnings per share for the current fiscal year.

Amgen announced that its Board of Directors has authorized a stock buyback plan on Wednesday, October 25th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the medical research company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a $1.32 dividend. This is an increase from Amgen’s previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, February 14th. This represents a $5.28 dividend on an annualized basis and a yield of 3.01%. Amgen’s payout ratio is presently 41.55%.

In other Amgen news, EVP Sean E. Harper sold 1,525 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $176.83, for a total value of $269,665.75. Following the completion of the sale, the executive vice president now owns 56,106 shares in the company, valued at $9,921,223.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carbonnel Francois De sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $173.61, for a total value of $694,440.00. The disclosure for this sale can be found here. Insiders sold a total of 8,575 shares of company stock valued at $1,509,339 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

AMGN has been the subject of several recent analyst reports. Oppenheimer reissued a “buy” rating and set a $203.00 price objective on shares of Amgen in a report on Friday, October 6th. Mizuho reissued a “buy” rating and set a $198.00 price objective on shares of Amgen in a report on Friday, October 6th. Cann reissued a “buy” rating and set a $203.00 price objective on shares of Amgen in a report on Friday, October 6th. Bank of America boosted their price objective on Amgen to $210.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, Jefferies Group reissued a “buy” rating and set a $200.00 price objective on shares of Amgen in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Amgen currently has a consensus rating of “Hold” and an average price target of $189.94.

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About Amgen

Amgen Inc is a biotechnology company. The Company discovers, develops, manufactures and delivers various human therapeutics. It operates in human therapeutics segment. Its marketed products portfolio includes Neulasta (pegfilgrastim); erythropoiesis-stimulating agents (ESAs), such as Aranesp (darbepoetin alfa) and EPOGEN (epoetin alfa); Sensipar/Mimpara (cinacalcet); XGEVA (denosumab); Prolia (denosumab); NEUPOGEN (filgrastim), and other marketed products, such as KYPROLIS (carfilzomib), Vectibix (panitumumab), Nplate (romiplostim), Repatha (evolocumab), BLINCYTO (blinatumomab), IMLYGIC (talimogene laherparepvec) and Corlanor (ivabradine).

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Institutional Ownership by Quarter for Amgen (NASDAQ:AMGN)

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