Sean E. Harper Sells 1,525 Shares of Amgen, Inc. (AMGN) Stock
Amgen, Inc. (NASDAQ:AMGN) EVP Sean E. Harper sold 1,525 shares of Amgen stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $185.62, for a total value of $283,070.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Amgen, Inc. (NASDAQ AMGN) opened at $187.59 on Friday. The company has a current ratio of 6.07, a quick ratio of 5.72 and a debt-to-equity ratio of 1.05. Amgen, Inc. has a twelve month low of $150.38 and a twelve month high of $191.10. The company has a market capitalization of $136,478.44, a PE ratio of 16.98, a P/E/G ratio of 2.75 and a beta of 1.36.
Amgen (NASDAQ:AMGN) last released its earnings results on Wednesday, October 25th. The medical research company reported $3.27 EPS for the quarter, topping the Zacks’ consensus estimate of $3.11 by $0.16. Amgen had a return on equity of 29.90% and a net margin of 35.54%. The firm had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the previous year, the company posted $3.02 earnings per share. The company’s revenue was down .7% compared to the same quarter last year. analysts expect that Amgen, Inc. will post 12.71 EPS for the current fiscal year.
Amgen announced that its board has approved a share buyback program on Wednesday, October 25th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the medical research company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership 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 issued a dividend of $1.32 per share. 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 dividend yield of 2.81%. Amgen’s payout ratio is 41.63%.
Several institutional investors have recently added to or reduced their stakes in the stock. Syntal Capital Partners LLC acquired a new position in Amgen in the fourth quarter valued at approximately $210,000. Butensky & Cohen Financial Security Inc. lifted its holdings in Amgen by 4.5% in the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 7,435 shares of the medical research company’s stock valued at $1,293,000 after acquiring an additional 320 shares during the period. Fox Run Management L.L.C. lifted its holdings in Amgen by 57.7% in the fourth quarter. Fox Run Management L.L.C. now owns 4,257 shares of the medical research company’s stock valued at $740,000 after acquiring an additional 1,557 shares during the period. Cardinal Capital Management Inc. lifted its holdings in Amgen by 1,394.8% in the fourth quarter. Cardinal Capital Management Inc. now owns 60,540 shares of the medical research company’s stock valued at $10,528,000 after acquiring an additional 56,490 shares during the period. Finally, Westpac Banking Corp lifted its holdings in Amgen by 9.1% in the fourth quarter. Westpac Banking Corp now owns 88,303 shares of the medical research company’s stock valued at $15,356,000 after acquiring an additional 7,363 shares during the period. 78.48% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on AMGN. BidaskClub upgraded Amgen from a “sell” rating to a “hold” rating in a research report on Thursday. Oppenheimer set a $205.00 target price on Amgen and gave the stock a “buy” rating in a research report on Friday, January 5th. BMO Capital Markets reiterated a “hold” rating and set a $199.00 target price on shares of Amgen in a research report on Monday, September 25th. Vetr downgraded Amgen from a “buy” rating to a “hold” rating and set a $184.25 target price for the company. in a research report on Wednesday, January 3rd. Finally, Credit Suisse Group restated a “neutral” rating and issued a $186.00 price objective (up from $177.00) on shares of Amgen in a report on Friday, September 29th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $190.15.
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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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