Ontario Teachers Pension Plan Board bought a new position in shares of Amgen, Inc. (NASDAQ:AMGN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,281 shares of the medical research company’s stock, valued at approximately $8,426,000.
Several other hedge funds have also made changes to their positions in the company. Ruggie Capital Group boosted its stake in shares of Amgen by 297.1% during the 4th quarter. Ruggie Capital Group now owns 135 shares of the medical research company’s stock worth $26,000 after acquiring an additional 101 shares during the period. Arlington Partners LLC lifted its holdings in Amgen by 86.7% during the 4th quarter. Arlington Partners LLC now owns 140 shares of the medical research company’s stock worth $27,000 after purchasing an additional 65 shares during the last quarter. Massey Quick Simon & CO. LLC lifted its holdings in Amgen by 710.5% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 154 shares of the medical research company’s stock worth $30,000 after purchasing an additional 135 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in Amgen during the 4th quarter worth approximately $39,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in Amgen during the 4th quarter worth approximately $42,000. Institutional investors own 79.18% of the company’s stock.
In other Amgen news, Director Ronald D. Sugar sold 2,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $188.88, for a total transaction of $377,760.00. Following the completion of the transaction, the director now directly owns 14,988 shares of the company’s stock, valued at $2,830,933.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 6,000 shares of company stock valued at $1,144,120. 0.27% of the stock is owned by corporate insiders.
Amgen (NASDAQ:AMGN) last issued its quarterly earnings data on Tuesday, January 29th. The medical research company reported $3.42 EPS for the quarter, topping the consensus estimate of $3.26 by $0.16. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $5.88 billion. Amgen had a return on equity of 66.74% and a net margin of 35.35%. During the same period in the prior year, the business posted $2.89 earnings per share. As a group, research analysts anticipate that Amgen, Inc. will post 13.96 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, May 16th. Amgen’s dividend payout ratio (DPR) is 40.28%.
Several brokerages have weighed in on AMGN. Zacks Investment Research cut Amgen from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. Goldman Sachs Group reissued a “buy” rating and set a $232.00 price target on shares of Amgen in a report on Thursday, January 17th. Oppenheimer set a $224.00 price target on Amgen and gave the stock a “buy” rating in a report on Sunday, January 27th. Royal Bank of Canada reissued a “neutral” rating and set a price target on shares of Amgen in a report on Monday, January 14th. Finally, Citigroup boosted their price objective on Amgen from $204.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, January 4th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Amgen presently has a consensus rating of “Hold” and a consensus price target of $209.11.
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Amgen Company Profile
Amgen Inc discovers, develops, manufactures, and delivers human therapeutics worldwide. It offers products for the treatment of oncology/hematology, cardiovascular, inflammation, bone health, and neuroscience. The company's products include Enbrel to treat plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Neulasta, a pegylated protein to treat cancer patients; Prolia to treat postmenopausal women with osteoporosis; Aranesp to treat anemia; Xgeva for skeletal-related events prevention; Sensipar/Mimpara products to treat sHPT in chronic kidney disease; and EPOGEN to treat a lower-than-normal number of red blood cells.
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