MW Advisory LLC Makes New $1.05 Million Investment in Amgen Inc. $AMGN

Key Points

• MW Advisory LLC purchased 2,910 Amgen shares worth approximately $1.05 million during the second quarter. Institutional investors collectively own 76.5% of Amgen’s outstanding stock, with major holders including BlackRock, State Street and Capital World Investors.
• Amgen reported quarterly earnings of $6.29 per share, exceeding the $5.62 consensus estimate, while revenue rose 9.5% year over year to $10.05 billion. The company also maintained 2026 EPS guidance of $22.30–$23.50 and announced a quarterly dividend of $2.52 per share.
• Amgen’s outlook includes potential growth from Repatha and investigational obesity treatment MariTide, but regulatory pressure on Tavneos remains a major risk. Analysts’ consensus rating is “Hold,” with an average price target of $381.68.

MW Advisory LLC purchased a new stake in shares of Amgen Inc. (NASDAQ:AMGN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,910 shares of the medical research company's stock, valued at approximately $1,054,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its holdings in Amgen by 4.8% in the 2nd quarter. BlackRock Inc. now owns 49,362,016 shares of the medical research company's stock worth $17,874,974,000 after buying an additional 2,261,544 shares during the period. State Street Corp increased its stake in Amgen by 4.4% in the 4th quarter. State Street Corp now owns 30,591,403 shares of the medical research company's stock worth $10,012,872,000 after buying an additional 1,287,310 shares in the last quarter. Capital World Investors raised its holdings in Amgen by 22.9% during the fourth quarter. Capital World Investors now owns 23,097,711 shares of the medical research company's stock valued at $7,560,249,000 after acquiring an additional 4,302,237 shares during the period. Geode Capital Management LLC raised its holdings in Amgen by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 14,303,294 shares of the medical research company's stock valued at $4,665,822,000 after acquiring an additional 1,035,779 shares during the period. Finally, Norges Bank purchased a new position in shares of Amgen in the fourth quarter valued at about $2,164,162,000. 76.50% of the stock is currently owned by institutional investors.

Amgen News Summary

Here are the key news stories impacting Amgen this week:

• Positive Sentiment: Repatha data could expand its addressable market. Amgen reported that Repatha reduced all-cause mortality by 20% in a prespecified analysis of the Phase 3 VESALIUS-CV trial, which studied more than 12,000 high-risk adults who had not previously experienced a heart attack or stroke. Earlier use could support broader adoption of the cardiovascular drug. Amgen Repatha VESALIUS-CV article
• Positive Sentiment: MariTide retains a potential convenience advantage in obesity treatment. Amgen’s investigational therapy could require less-frequent dosing than competing treatments from Eli Lilly and Novo Nordisk. That feature may help differentiate MariTide if its clinical and regulatory profile supports approval, although competition in the market remains intense. Amgen MariTide obesity article
• Neutral Sentiment: Shares had recently approached a 52-week high. Recent strength followed better-than-expected quarterly earnings and raised 2026 guidance, but the stock’s elevated valuation and gains left it more vulnerable to profit-taking when adverse regulatory news emerged. Amgen stock and 2026 guidance article
• Negative Sentiment: U.K. action against Tavneos intensified regulatory risk. The U.K. regulator suspended Tavneos for new patients and indicated a path toward revoking its authorization in March 2027, saying the drug’s benefit-risk balance was no longer favorable and that its pivotal efficacy study could not be relied upon. This compounds the FDA’s April proposal to withdraw U.S. approval over effectiveness, application-disclosure and liver-safety concerns, raising the possibility of broader loss of value for the drug. Amgen Tavneos regulatory pressure article
• Negative Sentiment: Insider selling added a modest sentiment headwind. Reported insider transactions showed seven sales and no purchases over the past six months, though these trades are less significant than the Tavneos developments. Amgen trading disclosures article

Amgen Trading Down 1.6%

Shares of AMGN stock opened at $437.23 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.13 and a debt-to-equity ratio of 4.44. The stock has a market capitalization of $236.38 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 3.20 and a beta of 0.43. Amgen Inc. has a 12-month low of $269.77 and a 12-month high of $447.03. The stock's 50-day moving average price is $397.39 and its 200-day moving average price is $367.15.

Amgen (NASDAQ:AMGN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The medical research company reported $6.29 EPS for the quarter, beating analysts' consensus estimates of $5.62 by $0.67. The company had revenue of $10.05 billion during the quarter, compared to analyst estimates of $9.43 billion. Amgen had a return on equity of 124.14% and a net margin of 22.95%.The firm's revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned $6.02 earnings per share. Amgen has set its FY 2026 guidance at 22.300-23.500 EPS. Equities research analysts predict that Amgen Inc. will post 22.97 EPS for the current fiscal year.

Amgen Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a dividend of $2.52 per share. This represents a $10.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, August 21st. Amgen's dividend payout ratio is currently 62.65%.

Analysts Set New Price Targets

AMGN has been the subject of a number of recent analyst reports. Robert W. Baird upped their price objective on Amgen from $215.00 to $230.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 5th. Piper Sandler boosted their price target on Amgen from $427.00 to $457.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. TD Cowen upped their price target on Amgen from $420.00 to $452.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Truist Financial increased their price objective on shares of Amgen from $340.00 to $362.00 and gave the company a "hold" rating in a report on Wednesday, August 5th. Finally, Bank of America lifted their price objective on shares of Amgen from $312.00 to $317.00 and gave the company an "underperform" rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Amgen has an average rating of "Hold" and a consensus price target of $381.68.

Insider Buying and Selling

In related news, SVP Nancy A. Grygiel sold 2,970 shares of the company's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $402.16, for a total transaction of $1,194,415.20. Following the sale, the senior vice president owned 7,340 shares of the company's stock, valued at $2,951,854.40. This represents a 28.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Rachna Khosla sold 2,000 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $412.57, for a total transaction of $825,140.00. Following the sale, the senior vice president directly owned 6,404 shares in the company, valued at approximately $2,642,098.28. The trade was a 23.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,222 shares of company stock valued at $2,540,926 over the last quarter. Corporate insiders own 0.85% of the company's stock.

About Amgen

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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