Amgen Inc. (AMGN) Short Interest Up 29.5% in September
Amgen Inc. (NASDAQ:AMGN) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 9,412,565 shares, a growth of 29.5% from the August 31st total of 7,267,419 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily volume of 3,016,948 shares, the short-interest ratio is currently 3.1 days.
AMGN has been the topic of a number of recent analyst reports. Cann restated a “buy” rating on shares of Amgen in a research report on Monday, August 28th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $203.00 price target on shares of Amgen in a research report on Thursday, September 7th. Deutsche Bank AG initiated coverage on shares of Amgen in a research report on Friday, June 23rd. They issued a “hold” rating and a $172.00 price target on the stock. William Blair restated a “market perform” rating on shares of Amgen in a research report on Monday, June 26th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $195.00 price target on shares of Amgen in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Amgen currently has a consensus rating of “Buy” and a consensus price target of $188.41.
Shares of Amgen (NASDAQ AMGN) opened at 186.45 on Friday. The stock has a 50 day moving average of $175.99 and a 200 day moving average of $169.31. Amgen has a 1-year low of $133.64 and a 1-year high of $191.10. The company has a market cap of $136.05 billion, a price-to-earnings ratio of 16.98 and a beta of 1.35.
Amgen (NASDAQ:AMGN) last announced its quarterly earnings data on Tuesday, July 25th. The medical research company reported $3.27 EPS for the quarter, beating the consensus estimate of $3.11 by $0.16. The business had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.67 billion. Amgen had a return on equity of 29.85% and a net margin of 35.46%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.84 earnings per share. On average, equities analysts forecast that Amgen will post $12.57 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 17th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $4.60 annualized dividend and a dividend yield of 2.47%. Amgen’s payout ratio is presently 41.93%.
Several large investors have recently modified their holdings of AMGN. Naples Global Advisors LLC increased its holdings in shares of Amgen by 2.2% during the first quarter. Naples Global Advisors LLC now owns 16,942 shares of the medical research company’s stock valued at $2,780,000 after acquiring an additional 365 shares in the last quarter. V Wealth Management LLC increased its holdings in shares of Amgen by 45.7% during the first quarter. V Wealth Management LLC now owns 13,125 shares of the medical research company’s stock valued at $2,148,000 after acquiring an additional 4,117 shares in the last quarter. Hollencrest Securities LLC bought a new position in shares of Amgen during the first quarter valued at $562,000. Concorde Asset Management LLC increased its holdings in shares of Amgen by 5.9% during the first quarter. Concorde Asset Management LLC now owns 2,054 shares of the medical research company’s stock valued at $337,000 after acquiring an additional 114 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its holdings in shares of Amgen by 0.9% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 193,008 shares of the medical research company’s stock valued at $31,667,000 after acquiring an additional 1,677 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.
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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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