Smead Capital Management Inc. reduced its stake in Amgen Inc. by 7.1% in the third quarter, now holding 857,384 shares, although Amgen remains its 9th largest position. Other institutional investors like Vanguard Group, State Street Corp, and Geode Capital Management increased their holdings in the medical research company. Amgen recently reported strong earnings, beating consensus estimates, and increased its quarterly dividend to $2.52 per share.
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Smead Capital Management Inc. Cuts Position in Amgen Inc. $AMGN
Smead Capital Management Inc. reduced its stake in Amgen Inc. by 7.1% in the third quarter, now holding 857,384 shares, although Amgen remains its 9th largest position. Other institutional investors like Vanguard Group, State Street Corp, and Geode Capital Management increased their holdings in the medical research company. Amgen recently reported strong earnings, beating consensus estimates, and increased its quarterly dividend to $2.52 per share.