Beaumont Financial Partners LLC Purchases Shares of 736 Biogen Inc. (NASDAQ:BIIB)

Beaumont Financial Partners LLC acquired a new position in shares of Biogen Inc. (NASDAQ:BIIB) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 736 shares of the biotechnology company’s stock, valued at approximately $206,000.

Other institutional investors have also modified their holdings of the company. Annapolis Financial Services LLC bought a new stake in Biogen in the fourth quarter valued at $25,000. Signet Investment Advisory Group Inc. acquired a new stake in shares of Biogen during the 4th quarter worth about $26,000. Sittner & Nelson LLC bought a new position in Biogen during the 4th quarter valued at about $28,000. Coastal Capital Group Inc. acquired a new position in Biogen in the first quarter valued at about $28,000. Finally, CVA Family Office LLC acquired a new position in Biogen in the first quarter valued at about $31,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Shares of NASDAQ BIIB opened at $280.21 on Monday. Biogen Inc. has a 52-week low of $223.25 and a 52-week high of $363.92. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.79 and a current ratio of 2.06. The stock has a market cap of $42.19 billion, a P/E ratio of 9.28, a P/E/G ratio of 1.04 and a beta of 0.53. The firm has a 50 day moving average price of $271.34 and a 200 day moving average price of $264.10.

Biogen (NASDAQ:BIIB) last announced its quarterly earnings results on Wednesday, April 21st. The biotechnology company reported $5.34 earnings per share for the quarter, topping analysts’ consensus estimates of $5.06 by $0.28. Biogen had a net margin of 35.63% and a return on equity of 51.00%. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period last year, the firm posted $9.14 earnings per share. The business’s quarterly revenue was down 23.8% compared to the same quarter last year. Analysts predict that Biogen Inc. will post 33.63 earnings per share for the current fiscal year.

Several research analysts have recently commented on BIIB shares. Wedbush boosted their target price on Biogen from $236.00 to $245.00 and gave the stock a “neutral” rating in a report on Monday, April 19th. SVB Leerink decreased their target price on Biogen from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Thursday, February 4th. Cantor Fitzgerald cut their price target on Biogen from $278.00 to $268.00 and set a “neutral” rating for the company in a report on Wednesday, February 17th. DZ Bank lowered shares of Biogen from a “buy” rating to a “hold” rating and set a $264.00 price objective on the stock. in a report on Friday, February 5th. Finally, Morgan Stanley lowered their price objective on shares of Biogen from $351.00 to $343.00 and set an “overweight” rating for the company in a research report on Monday, April 26th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $305.57.

About Biogen

Biogen Inc discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases worldwide. The company offers TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; and FUMADERM to treat plaque psoriasis.

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Institutional Ownership by Quarter for Biogen (NASDAQ:BIIB)

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