Amgen’s Investment Outlook downgraded: Trends in Fund Ownership
Fintel reports that on October 14, 2024, Truist Securities downgraded their outlook for Amgen (LSE:0R0T) from Buy to Hold.
Fund Sentiment Analysis
Currently, there are 4,098 funds or institutions that report their positions in Amgen. This represents an increase of 54 owners, or 1.34%, over the last quarter. The average portfolio weight vested in 0R0T by all funds is 0.55%, which has risen by 4.09%. Over the past three months, the total shares owned by institutions rose by 5.11%, amounting to 457,416K shares.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares currently holds 16,954K shares, representing 3.16% of the company. In its previous filing, the firm reported 16,847K shares, which indicates an increase of 0.63%. The firm has boosted its portfolio allocation in 0R0T by 7.54% during the last quarter.
Primecap Management possesses 14,447K shares, accounting for 2.69% ownership of Amgen. Earlier, they reported 14,602K shares, reflecting a decrease of 1.07%. However, their portfolio allocation in 0R0T increased by 5.54% over the previous quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 13,768K shares, giving them 2.56% ownership in Amgen. Their last report indicated ownership of 13,482K shares, marking an increase of 2.07%. The portfolio allocation in 0R0T has been raised by 6.23% recently.
Geode Capital Management now owns 12,019K shares, representing 2.24% ownership. In their prior filing, they noted ownership of 11,643K shares, which signifies an increase of 3.13%. Their portfolio allocation in 0R0T saw an uplift of 7.64% over the last quarter.
Invesco QQQ Trust, Series 1 holds 10,332K shares, representing 1.92% of Amgen. The previous filings show they owned 10,046K shares, marking an increase of 2.77%. Their portfolio allocation in 0R0T also increased by 1.74% recently.
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This story originally appeared on Fintel.
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