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D L Carlson Investment Group sold shares of Amgen, but the company still attracts institutional investors and raised its dividend.
D L Carlson Investment Group Inc. decreased its holdings in Amgen Inc. by selling 232 shares in Q4 2020, leaving them with 10,935 shares worth $2.85 million.
Amgen reported earnings of $5.31 per share for Q4, exceeding analyst estimates by $0.27.
Despite insider sales totaling 69,341 shares, the company's stock performance and product portfolio continue to attract institutional investors like CIBC Private Wealth and Franklin Resources, who increased their holdings.
Amgen also announced a quarterly dividend of $2.38 per share.
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