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HM Payson & Co. boosts Amgen holdings amid the company’s strong earnings and positive outlook.
HM Payson & Co. increased its holdings in medical research company Amgen Inc. by 5.6% in the first quarter, bringing its total to 218,010 shares.
Amgen reported strong earnings, with revenue at $8.15 billion, beating expectations.
The company develops treatments for conditions like arthritis and osteoporosis.
Despite some institutions like Simmons Bank reducing their holdings, Amgen's stock value has increased, with analysts predicting a positive outlook for the company.
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HM Payson & Co. aumenta las tenencias de Amgen en medio de las fuertes ganancias y perspectivas positivas de la compañía.