BidaskClub Upgrades Amgen (AMGN) to "Hold"

Elias Hubbard
Января 20, 2018

Nomura Asset Management Company Ltd bought 43,205 shares as the company's stock declined 9.68% while stock markets rallied. Provise Management Group Llc who had been investing in Amgen Inc for a number of months, seems to be bullish on the $137.40 billion market cap company. The stock increased 0.90% or $1.69 during the last trading session, reaching $189.28. First PREMIER Bank now owns 8,742 shares of the medical research company's stock valued at $1,506,000 after acquiring an additional 460 shares during the period. LivePerson, Inc. (NASDAQ:LPSN) has risen 55.95% since January 19, 2017 and is uptrending. It has underperformed by 11.43% the S&P500. (AZO) by 73.05% based on its latest 2017Q3 regulatory filing with the SEC. The fund owned 184,006 shares of the medical research company's stock after buying an additional 8,513 shares during the period. The institutional investor held 116,860 shares of the restaurants company at the end of 2017Q3, valued at $2.97 million, up from 73,010 at the end of the previous reported quarter.

At the session level, shares of Weyerhaeuser Company (NYSE:WY) moved 0.4% from the open. Pioneer Trust Bank N A OR now owns 18,675 shares of the medical research company's stock valued at $3,217,000 after acquiring an additional 290 shares during the period.

Amgen (NASDAQ:AMGN) last released its quarterly earnings data on Tuesday, July 25th. It has underperformed by 22.06% the S&P500. It also reduced its holding in Intel Corp (NASDAQ:INTC) by 14,647 shares in the quarter, leaving it with 7,850 shares, and cut its stake in Blackrock Cr Allctn Inc Tr (BTZ). After $3.27 actual EPS reported by Amgen Inc. for the previous quarter, Wall Street now forecasts -7.65% negative EPS growth. Its down 0.09, from 0.88 in 2017Q2.

In other Amgen news, Director Carbonnel Francois De sold 4,000 shares of the stock in a transaction dated Wednesday, November 8th. 96 funds opened positions while 292 raised stakes. Laffer Investments holds 2,589 shares. Citadel Advisors Limited reported 38,870 shares. Finally, Hudock Capital Group LLC increased its stake in Amgen by 0.5% in the 2nd quarter. 181.16 million shares or 0.28% more from 180.66 million shares in 2017Q2 were reported. Royal Financial Bank Of Canada reported 16,396 shares stake. Raymond James Assocs holds 0.01% in HCA Healthcare, Inc. (NASDAQ:BIIB). Covington Cap Management owns 239 shares for 0% of their portfolio. Wetherby Asset invested in 0.05% or 4,104 shares. Parametric Port Assocs Llc holds 0% of its portfolio in Sonic Corp. (NASDAQ:AMGN) for 24,900 shares. Polar Asset Ptnrs reported 305,000 shares or 0.16% of all its holdings. Nationwide Fund Advsr has invested 0.25% in Biogen Inc. Argus Research has "Buy" rating and $185 target. Therefore 48% are positive. (NASDAQ:AMGN) for 345,822 shares. Canaccord Genuity has "Hold" rating and $24 target. The firm has "Buy" rating by Oppenheimer given on Wednesday, August 23. As per Wednesday, March 30, the company rating was maintained by Deutsche Bank. Credit Suisse Group reissued a "neutral" rating and set a $186.00 price objective (up previously from $177.00) on shares of Amgen in a research report on Friday, September 29th. (NYSE:AZO), 11 have Buy rating, 0 Sell and 12 Hold. The company was maintained on Tuesday, September 20 by UBS. (NYSE:SERV) rating on Thursday, September 28.

Since October 9, 2017, it had 0 insider buys, and 2 sales for $553,240 activity. $29,257 worth of Sonic Corp.

The investor is now holding $31.94 million shares due in part to a decrease of 1.11 million new shares in their portfolio. Its up 0.47, from 1.53 in 2017Q2.

Several other institutional investors have also sold shares of the company. The medical research company reported $3.27 earnings per share for the quarter, beating the Zacks' consensus estimate of $3.11 by $0.16. American National Bank now owns 25,957 shares of the medical research company's stock valued at $4,471,000 after acquiring an additional 231 shares during the period. (NASDAQ:AMGN) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. Investors of record on Thursday, February 15th will be given a dividend of $1.32 per share. Magellan Asset Mngmt Ltd has 3.59% invested in HCA Healthcare, Inc. Ftb Advisors Inc accumulated 0.66% or 34,520 shares. Financial Advisory Service Inc. lifted its stake in Amgen by 0.3% in the second quarter. Jefferies Group reissued a "buy" rating and set a $200.00 target price on shares of Amgen in a research report on Monday, September 25th. Johnson Gp reported 115 shares or 0% of all its holdings. Inv Centers Of America Inc owns 0.11% invested in Amgen Inc. (NASDAQ:LPSN) for 10,407 shares. (NASDAQ:BIIB) for 14.67M shares. (NASDAQ:AMGN). Stillwater Invest Mgmt Lc holds 1.37% in Amgen Inc. (NASDAQ:AMGN). Berkshire Asset Limited Pa owns 117,711 shares or 2.45% of their USA portfolio. Oppenheimer maintained Amgen Inc. Connable Office Incorporated has invested 0.54% in Amgen Inc. (NASDAQ:AMGN) for 10,019 shares. Amgen Inc. has $218 highest and $160 lowest target.

AMGN has been the topic of a number of analyst reports. One Trading Ltd Partnership has 3,764 shares for 0% of their portfolio. AMGN's profit will be $2.19B for 15.67 P/E if the $3.02 EPS becomes a reality.

Marshfield Associates increased its stake in Autozone Inc.

Fine tuning their focus in on Amgen Inc. BidaskClub raised shares of Amgen from a "sell" rating to a "hold" rating in a research report on Thursday. Therefore 46% are positive.

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