Investors Sell Shares of Amgen Inc. (AMGN) on Strength (AMGN)

Investors sold shares of Amgen Inc. (NASDAQ:AMGN) on strength during trading on Monday. $146.53 million flowed into the stock on the tick-up and $196.22 million flowed out of the stock on the tick-down, for a money net flow of $49.69 million out of the stock. Of all equities tracked, Amgen had the 0th highest net out-flow for the day. Amgen traded up $5.85 for the day and closed at $186.49

Several analysts recently commented on the company. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $203.00 target price on shares of Amgen in a report on Thursday, September 7th. Cann reiterated a “buy” rating on shares of Amgen in a report on Monday, August 28th. Mizuho reiterated a “buy” rating and issued a $183.00 target price (down from $195.00) on shares of Amgen in a report on Monday, August 21st. BidaskClub cut Amgen from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Argus upped their target price on Amgen from $180.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Amgen currently has a consensus rating of “Buy” and a consensus target price of $186.04.

The stock has a market cap of $139.37 billion, a P/E ratio of 17.40 and a beta of 1.35. The stock has a 50-day moving average price of $173.95 and a 200 day moving average price of $168.82.

Amgen (NASDAQ:AMGN) last released its quarterly earnings results on Tuesday, July 25th. The medical research company reported $3.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.11 by $0.16. Amgen had a return on equity of 29.85% and a net margin of 35.46%. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same period in the previous year, the company posted $2.84 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts predict that Amgen Inc. will post $12.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 17th were given a dividend of $1.15 per share. The ex-dividend date was Tuesday, August 15th. This represents a $4.60 annualized dividend and a dividend yield of 2.41%. Amgen’s dividend payout ratio is presently 41.93%.

Institutional investors have recently added to or reduced their stakes in the business. TrimTabs Asset Management LLC boosted its holdings in Amgen by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 612 shares of the medical research company’s stock worth $100,000 after acquiring an additional 288 shares in the last quarter. Alpha Omega Wealth Management LLC boosted its holdings in Amgen by 19.0% in the first quarter. Alpha Omega Wealth Management LLC now owns 625 shares of the medical research company’s stock worth $103,000 after acquiring an additional 100 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its holdings in Amgen by 0.6% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 636 shares of the medical research company’s stock worth $104,000 after acquiring an additional 4 shares in the last quarter. American Beacon Advisors Inc. bought a new stake in Amgen in the first quarter worth $106,000. Finally, Phocas Financial Corp. bought a new stake in Amgen in the second quarter worth $110,000. 78.14% of the stock is currently owned by institutional investors and hedge funds.

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Amgen Company Profile

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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