Ffcm LLC increased its position in shares of Bristol-Myers Squibb Co (NYSE:BMY) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,646 shares of the biopharmaceutical company’s stock after purchasing an additional 3,966 shares during the quarter. Ffcm LLC’s holdings in Bristol-Myers Squibb were worth $3,984,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Trust Co. of Virginia VA boosted its stake in shares of Bristol-Myers Squibb by 105.7% in the 4th quarter. Trust Co. of Virginia VA now owns 50,048 shares of the biopharmaceutical company’s stock valued at $2,601,000 after purchasing an additional 25,712 shares during the last quarter. Highwater Wealth Management LLC bought a new position in shares of Bristol-Myers Squibb in the 4th quarter valued at about $170,000. Yorktown Management & Research Co Inc boosted its stake in shares of Bristol-Myers Squibb by 400.0% in the 3rd quarter. Yorktown Management & Research Co Inc now owns 20,000 shares of the biopharmaceutical company’s stock valued at $1,242,000 after purchasing an additional 16,000 shares during the last quarter. Hollencrest Capital Management boosted its stake in shares of Bristol-Myers Squibb by 176.1% in the 4th quarter. Hollencrest Capital Management now owns 9,604 shares of the biopharmaceutical company’s stock valued at $499,000 after purchasing an additional 6,126 shares during the last quarter. Finally, Northern Capital Management LLC bought a new position in shares of Bristol-Myers Squibb in the 4th quarter valued at about $3,907,000. 73.35% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on BMY. ValuEngine raised shares of Bristol-Myers Squibb from a “sell” rating to a “hold” rating in a research note on Friday, December 7th. Bank of America reduced their target price on shares of Bristol-Myers Squibb from $53.00 to $51.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 19th. Morgan Stanley set a $54.00 target price on shares of Bristol-Myers Squibb and gave the company a “hold” rating in a research note on Thursday, December 20th. Zacks Investment Research lowered shares of Bristol-Myers Squibb from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $59.00 target price on shares of Bristol-Myers Squibb in a research note on Friday, February 15th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $59.40.
Bristol-Myers Squibb stock opened at $49.96 on Friday. Bristol-Myers Squibb Co has a fifty-two week low of $44.30 and a fifty-two week high of $67.44. The company has a market cap of $80.88 billion, a P/E ratio of 12.55, a PEG ratio of 2.22 and a beta of 0.81. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.50 and a current ratio of 1.61.
Bristol-Myers Squibb (NYSE:BMY) last released its quarterly earnings data on Thursday, January 24th. The biopharmaceutical company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. Bristol-Myers Squibb had a net margin of 21.95% and a return on equity of 48.99%. The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same quarter last year, the firm earned $0.68 EPS. Bristol-Myers Squibb’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts expect that Bristol-Myers Squibb Co will post 4.15 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, April 5th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.28%. The ex-dividend date is Thursday, April 4th. Bristol-Myers Squibb’s payout ratio is 41.21%.
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Bristol-Myers Squibb Profile
Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. The company offers drugs in oncology, immunoscience, cardiovascular, and fibrotic diseases. The company's products include Opdivo, a biological product for anti-cancer indications; Eliquis, an oral inhibitor targeted at stroke prevention in adult patients with non-valvular atrial fibrillation, and the prevention and treatment of venous thromboembolic disorders; and Orencia, a biological product for adult patients with moderately to severely active RA and prostate-specific antigen, as well as reducing signs and symptoms in certain pediatric patients with moderately to severely active polyarticular juvenile idiopathic arthritis.
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