Economy

Wall Street Analyst's Guidance: Amgen Inc. (AMGN), Altria Group, Inc. (MO)

Phocas Financial Corp. holds 1.97% of its portfolio in United Community Banks, Inc. for 687,563 shares. In the most recent quarter, institutional ownership decreased by a net of 2.68 million shares, or 0.46%.This is a bearish sign and indicates that institutions are feeling more pessimistic about the outlook for AMGN overall.726 holders increased their positions, 694 decreased their positions, and 261 holders held their positions. The fund owned 6,330 shares of the medical research company's stock after selling 1,435 shares during the quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company.

Investors and Traders continue to monitor technical levels of shares of Amgen Inc. Linscomb & Williams Inc. now owns 22,569 shares of the medical research company's stock worth $3,703,000 after buying an additional 1,788 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Amgen during the first quarter valued at $110,402,000. Investment Partners Ltd. OH ADV boosted its holdings in Amgen by 0.5% during the 2nd quarter.

Shares of the company are trading at $174.59 slightly below the 50 day moving average which is $184.70 and marginally over the 200 day moving average of $172.36. Bank of Nova Scotia boosted its stake in shares of Amgen by 414.4% during the first quarter. Glassman Wealth Services now owns 725 shares of the medical research company's stock valued at $110,000 after buying an additional 600 shares during the period.

Cornerstone Capital Inc. increased its stake in shares of Amgen Inc. The company has 734.84 Million shares outstanding and 722.81 Million shares were floated in market.

COPYRIGHT VIOLATION NOTICE: This report was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & worldwide copyright law. Among holders that decreased their positions, 87 sold out of the stock Amgen Inc.

Amgen Inc. (AMGN) performance during the last one year upgraded 20.26 percent, while its year to date (YTD) performance showed a positive trend of 19.41 percent.

The highest price AMGN stock touched in the last 12 month was $191.1 and the lowest price it hit in the same period was $133.64. Its Average True Range (ATR) shows a figure of 3.55. The firm has a market cap of $127.90 billion, a price-to-earnings ratio of 15.97 and a beta of 1.36.

Amgen (NASDAQ:AMGN) last announced its quarterly earnings data on Wednesday, October 25th. The medical research company reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.16.

According to 18 analysts, the Average Revenue Estimate for the current Fiscal quarter is $5.87 Billion and the Low Revenue estimate is $5.69 Billion, while the High Revenue estimate is $6.08 Billion. The firm's revenue was down.7% compared to the same quarter past year. The ROIC 5 year average is 0.436898 and the ROIC Quality ratio is 11.819699. According to the Analysts, the Low Earnings estimate for the current quarter is $2.91, while the High earnings estimate is $3.28.Comparatively, EPS for the same quarter a year ago was $3.15.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $1.15 per share. This dividend represents a yield of $2.62 which is the dividend as a percentage of the current share price. Amgen's dividend payout ratio (DPR) is 41.63%. The stock has a market cap of 124.53 Billion. Integrated Wealth Management now owns 930 shares of the medical research company's stock valued at $141,000 after buying an additional 3 shares during the period. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

Several research firms recently weighed in on AMGN. Finally, Robert W. Baird reiterated a "neutral" rating and set a $157.00 price target on shares of Amgen in a research note on Thursday, July 28th. Mizuho set a $198.00 price objective on Amgen and gave the stock a "buy" rating in a research note on Sunday. Oppenheimer Holdings, Inc. reaffirmed a "buy" rating and set a $203.00 price objective on shares of Amgen in a research note on Thursday, September 7th. RBC Capital added AMGN to its research portfolio with an initial rating of "Sector Perform". Eleven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. $190.28's average target is 8.99% above currents $174.59 stock price.

In related news, EVP Sean E. Harper sold 1,525 shares of the business's stock in a transaction dated Monday, October 9th.

The Price to Book ratio (Current share price / Book value per share) is a good valuation measure you can use to find undervalued investment ideas.

In the market the company is trading down by 0.39%% since yesterday's close of 175.28.



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