Bristol Myers Squibb Company $BMY Shares Sold by First Bank & Trust

First Bank & Trust reduced its stake in shares of Bristol Myers Squibb Company (NYSE:BMYFree Report) by 76.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,719 shares of the biopharmaceutical company’s stock after selling 21,612 shares during the period. First Bank & Trust’s holdings in Bristol Myers Squibb were worth $303,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. New England Asset Management Inc. grew its holdings in shares of Bristol Myers Squibb by 0.8% during the 1st quarter. New England Asset Management Inc. now owns 39,476 shares of the biopharmaceutical company’s stock worth $2,408,000 after purchasing an additional 305 shares during the period. Commonwealth Retirement Investments LLC grew its stake in Bristol Myers Squibb by 24.6% during the second quarter. Commonwealth Retirement Investments LLC now owns 59,183 shares of the biopharmaceutical company’s stock worth $2,740,000 after buying an additional 11,690 shares during the period. Norges Bank acquired a new stake in shares of Bristol Myers Squibb in the second quarter worth $1,554,154,000. Wealth Quarterback LLC raised its stake in shares of Bristol Myers Squibb by 42.6% in the 2nd quarter. Wealth Quarterback LLC now owns 25,443 shares of the biopharmaceutical company’s stock valued at $1,178,000 after acquiring an additional 7,603 shares during the period. Finally, Sound View Wealth Advisors Group LLC lifted its holdings in shares of Bristol Myers Squibb by 438.0% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 307,849 shares of the biopharmaceutical company’s stock valued at $14,250,000 after acquiring an additional 250,624 shares in the last quarter. 76.41% of the stock is currently owned by hedge funds and other institutional investors.

Bristol Myers Squibb Stock Up 1.5%

BMY stock opened at $54.15 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 2.39. The firm has a 50 day simple moving average of $47.73 and a 200-day simple moving average of $47.14. The company has a market capitalization of $110.24 billion, a P/E ratio of 18.29, a PEG ratio of 8.29 and a beta of 0.29. Bristol Myers Squibb Company has a twelve month low of $42.52 and a twelve month high of $63.33.

Bristol Myers Squibb (NYSE:BMYGet Free Report) last posted its quarterly earnings results on Thursday, October 30th. The biopharmaceutical company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.11. The firm had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Bristol Myers Squibb had a net margin of 12.57% and a return on equity of 76.53%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.80 earnings per share. Bristol Myers Squibb has set its FY 2025 guidance at 6.400-6.600 EPS. On average, equities research analysts predict that Bristol Myers Squibb Company will post 6.74 earnings per share for the current fiscal year.

Bristol Myers Squibb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 2nd will be issued a $0.63 dividend. This is an increase from Bristol Myers Squibb’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, January 2nd. Bristol Myers Squibb’s dividend payout ratio is presently 83.78%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BMY shares. Wall Street Zen upgraded Bristol Myers Squibb from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Bank of America upgraded Bristol Myers Squibb from a “neutral” rating to a “buy” rating and increased their target price for the company from $52.00 to $61.00 in a research note on Monday, December 15th. The Goldman Sachs Group reiterated a “neutral” rating and set a $57.00 target price (up from $51.00) on shares of Bristol Myers Squibb in a report on Tuesday, December 2nd. Scotiabank restated a “sector perform” rating and issued a $53.00 price target (up previously from $45.00) on shares of Bristol Myers Squibb in a report on Thursday, December 4th. Finally, Wells Fargo & Company lifted their price objective on shares of Bristol Myers Squibb from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 10th. Five analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $54.62.

Read Our Latest Stock Analysis on BMY

Bristol Myers Squibb News Roundup

Here are the key news stories impacting Bristol Myers Squibb this week:

Bristol Myers Squibb Profile

(Free Report)

Bristol Myers Squibb is a global biopharmaceutical company headquartered in Princeton, New Jersey, focused on discovering, developing and delivering medicines for serious diseases. The company’s core activities include research and development, clinical development, manufacturing and commercialization of prescription pharmaceuticals across multiple therapeutic areas. BMS concentrates on advancing therapies in oncology, hematology, immunology, cardiovascular disease and specialty areas through both small molecules and biologics.

BMS’s marketed portfolio and late‑stage pipeline reflect a strong emphasis on cancer and immune‑mediated conditions.

See Also

Want to see what other hedge funds are holding BMY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bristol Myers Squibb Company (NYSE:BMYFree Report).

Institutional Ownership by Quarter for Bristol Myers Squibb (NYSE:BMY)

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