Buys an Sells for the Week 10/15

Big Banks reported strong earnings mid-week and the markets rallied. Phillips 66 (PSX) was my only dividend raise this week coming with a 2% raise, not big but I was not expecting a raise from them this year. Here are my trades for the week:

  1. Amgen Inc (AMGN) – new position – AMGN dropped pretty far on Tuesday and it was a good entry price to start a position. Grabbed 4 shares @ $201.27 and a 3.5% yield.
  2. Viatris Inc (VTRS) – sold position – Sold VTRS and used the proceeds for my AMGN buy, I’m not as enamored as some over the growth prospects and exited the position entirely. Sold 71 shares @ $13.37.

2 thoughts on “Buys an Sells for the Week 10/15

  1. AMGN was a recent buy of mine as well and I’ve been adding a share or two as it continues to drift down. I do think there is some risk with the patents expiring but I think they’ll be okay and they’ve won some favorable court rulings in that vain recently as well. Also they should be raising the dividend with the next announcement – and assuming its close to the same percentage increases in the past the forward yield at today’s prices puts it somewhere around 3.75%.

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