Bristol-Myers Squibb SVP Sells $997,800 in Stock (BMY)
Bristol-Myers Squibb (NYSE:BMY) SVP Autenried Paul Von unloaded 20,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $49.89, for a total transaction of $997,800.00. Following the transaction, the senior vice president now directly owns 37,523 shares in the company, valued at approximately $1,872,022. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on BMY. Analysts at Jefferies Group raised their price target on shares of Bristol-Myers Squibb from $43.50 to $45.00 in a research note on Monday, August 11th. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Bristol-Myers Squibb in a research note on Friday, July 25th. They now have a $52.00 price target on the stock. Finally, analysts at MKM Partners raised their price target on shares of Bristol-Myers Squibb from $29.00 to $34.00 in a research note on Friday, July 25th. They now have a “sell” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $51.81.
Shares of Bristol-Myers Squibb (NYSE:BMY) traded up 0.62% on Tuesday, hitting $50.30. The stock had a trading volume of 4,382,866 shares. Bristol-Myers Squibb has a 52 week low of $41.11 and a 52 week high of $57.49. The stock has a 50-day moving average of $49.18 and a 200-day moving average of $50.41. The company has a market cap of $83.393 billion and a price-to-earnings ratio of 31.05.
Bristol-Myers Squibb (NYSE:BMY) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, analysts predict that Bristol-Myers Squibb will post $1.81 earnings per share for the current fiscal year.
Bristol-Myers Squibb Company (NYSE:BMY) is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products on a global basis.
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