Harvest Fund Management Co. Ltd Sells 4,234 Shares of Amgen Inc. $AMGN

Key Points

• Harvest Fund trimmed its Amgen stake by 10.1% in Q3, selling 4,234 shares and leaving 37,734 shares valued at about $10.64 million.
• Amgen beat expectations — Q4 reported EPS $5.29 vs. $4.76 estimate and revenue $9.87B (+8.6% YoY), and the company set FY2026 EPS guidance of 21.60–23.00 (analysts expect ~20.62).
• Dividend and sentiment: Amgen declared a $2.52 quarterly dividend (annual $10.08, yield ~2.8%, payout ratio ~70.8%), while consensus analyst coverage is mixed with a MarketBeat consensus rating of "Hold" and a $354 price target.

Harvest Fund Management Co. Ltd lowered its holdings in Amgen Inc. (NASDAQ:AMGN - Free Report) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,734 shares of the medical research company's stock after selling 4,234 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Amgen were worth $10,643,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Evelyn Partners Investment Management LLP purchased a new position in shares of Amgen in the 2nd quarter valued at $32,000. Howard Hughes Medical Institute bought a new position in shares of Amgen in the 2nd quarter worth $32,000. Cloud Capital Management LLC purchased a new stake in shares of Amgen during the 3rd quarter worth $34,000. AXS Investments LLC purchased a new stake in shares of Amgen during the 3rd quarter worth $42,000. Finally, Winnow Wealth LLC bought a new stake in Amgen during the third quarter valued at about $47,000. Hedge funds and other institutional investors own 76.50% of the company's stock.

Amgen Stock Performance

Shares of AMGN stock opened at $366.21 on Friday. Amgen Inc. has a 52-week low of $261.43 and a 52-week high of $391.29. The company has a quick ratio of 0.90, a current ratio of 1.14 and a debt-to-equity ratio of 5.78. The stock has a market cap of $197.41 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 3.65 and a beta of 0.45. The business has a 50-day simple moving average of $357.73 and a 200-day simple moving average of $325.17.

Amgen (NASDAQ:AMGN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The medical research company reported $5.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.76 by $0.53. Amgen had a net margin of 20.98% and a return on equity of 148.37%. The firm had revenue of $9.87 billion for the quarter, compared to the consensus estimate of $9.46 billion. During the same period in the prior year, the firm posted $5.31 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. Amgen has set its FY 2026 guidance at 21.600-23.000 EPS. On average, equities analysts expect that Amgen Inc. will post 20.62 EPS for the current year.

Amgen Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be given a dividend of $2.52 per share. The ex-dividend date is Friday, May 15th. This represents a $10.08 dividend on an annualized basis and a yield of 2.8%. Amgen's dividend payout ratio is currently 70.84%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMGN. Sanford C. Bernstein cut shares of Amgen from an "outperform" rating to a "market perform" rating and set a $335.00 target price for the company. in a research report on Tuesday, January 20th. Barclays started coverage on Amgen in a research report on Friday, February 20th. They set an "equal weight" rating and a $350.00 price target on the stock. Wall Street Zen downgraded Amgen from a "buy" rating to a "hold" rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a "buy (b)" rating on shares of Amgen in a research note on Monday, December 29th. Finally, Morgan Stanley raised their price target on Amgen from $304.00 to $309.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Amgen presently has a consensus rating of "Hold" and a consensus price target of $354.00.

Key Stories Impacting Amgen

Here are the key news stories impacting Amgen this week:

• Positive Sentiment: Amgen will add medicines to the TrumpRx prescription site, which could expand patient access and volume for listed products if uptake follows; this is a near-term distribution win. GSK and Amgen to add medicines to TrumpRx, Fox Business reports
• Positive Sentiment: Product momentum — coverage highlights MariTide and osteoporosis treatments as sales drivers that have helped fuel recent rallies, supporting revenue growth expectations. Amgen: MariTide And Osteoporosis Sales Fuel The Rally
• Positive Sentiment: Institutional demand: Amgen is a notable holding in income-oriented funds, which supports steady shareholder demand given its long dividend track record. Starbucks, Amgen, and CVS Help This Income Fund Shine
• Positive Sentiment: Operational tie-ins: Rapid Micro Biosystems notes Amgen’s expansion of its Growth Direct system rollout — a small but constructive signal of ongoing manufacturing/capacity investments. Rapid Micro Biosystems Reports Record Fourth Quarter and Full Year 2025 Financial Results and Provides 2026 Guidance
• Neutral Sentiment: Analyst action: Jefferies issued a Hold on AMGN, a neutral rating that can dampen upside momentum vs. more bullish calls. Amgen NASDAQ: AMGN Earns Hold Rating from Analysts at Jefferies Financial Group
• Neutral Sentiment: Press roundups: Amgen appears in broader mega-cap watchlists and industry write-ups — visibility is high but these pieces are more contextual than catalytic. 2 Mega-Cap Stocks to Keep an Eye On and 1 Facing Headwinds
• Negative Sentiment: Dividend/valuation concerns: Independent analysis flags high debt levels, weaker risk-adjusted returns and questions around dividend attractiveness at current prices — these are potential longer‑term headwinds for the stock’s re-rating. Dividend Stock Analysis - Amgen, Inc.

Amgen Company Profile

Amgen Inc NASDAQ: AMGN is a global biotechnology company founded in 1980 and headquartered in Thousand Oaks, California. The company focuses on discovering, developing, manufacturing and delivering human therapeutics that address serious illnesses. Amgen's work centers on biologic medicines derived from cellular and molecular biology, with an emphasis on translating advances in human genetics and protein science into therapies for patients.

Amgen's commercial portfolio has historically included biologics used in oncology, supportive care, nephrology, bone health and cardiovascular disease.

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