Louisiana State Employees Retirement System decreased its holdings in Amgen, Inc. (NASDAQ:AMGN) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 43,900 shares of the medical research company’s stock after selling 1,700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Amgen were worth $7,634,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. FMR LLC grew its position in shares of Amgen by 4.8% during the 2nd quarter. FMR LLC now owns 56,999,572 shares of the medical research company’s stock worth $9,817,037,000 after buying an additional 2,587,041 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Amgen by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 52,146,935 shares of the medical research company’s stock worth $8,981,266,000 after buying an additional 489,720 shares in the last quarter. BlackRock Inc. grew its position in shares of Amgen by 1.9% during the 2nd quarter. BlackRock Inc. now owns 49,451,203 shares of the medical research company’s stock worth $8,516,980,000 after buying an additional 909,689 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Amgen by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,166,002 shares of the medical research company’s stock worth $1,522,551,000 after buying an additional 140,117 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Amgen by 12.9% during the 2nd quarter. Nordea Investment Management AB now owns 7,040,599 shares of the medical research company’s stock worth $1,212,602,000 after buying an additional 806,119 shares in the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.
In other Amgen news, EVP Sean E. Harper sold 1,525 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 4,575 shares of company stock valued at $818,361. 0.19% of the stock is currently owned by company insiders.
Shares of Amgen, Inc. (NASDAQ:AMGN) opened at $183.55 on Monday. The company has a quick ratio of 5.17, a current ratio of 5.49 and a debt-to-equity ratio of 1.35. Amgen, Inc. has a 12 month low of $152.16 and a 12 month high of $201.23. The company has a market capitalization of $132,259.19, a PE ratio of 14.59, a price-to-earnings-growth ratio of 2.19 and a beta of 1.42.
Amgen (NASDAQ:AMGN) last released its quarterly earnings results on Thursday, February 1st. The medical research company reported $2.89 EPS for the quarter, missing analysts’ consensus estimates of $3.03 by ($0.14). Amgen had a net margin of 8.66% and a return on equity of 30.87%. The business had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.84 billion. During the same quarter last year, the business posted $2.89 earnings per share. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. equities research analysts predict that Amgen, Inc. will post 13.21 EPS for the current year.
Amgen announced that its board has approved a share repurchase plan on Wednesday, October 25th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the medical research company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a $1.32 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from Amgen’s previous quarterly dividend of $1.15. This represents a $5.28 dividend on an annualized basis and a yield of 2.88%. Amgen’s dividend payout ratio (DPR) is 205.45%.
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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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