Mengis Capital Management buys $3,069,139 stake in Bristol-Myers Squibb Co (BMY)

Bristol-Myers Squibb Co (BMY) : Mengis Capital Management scooped up 14,995 additional shares in Bristol-Myers Squibb Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 43,118 shares of Bristol-Myers Squibb Co which is valued at $3,069,139.Bristol-Myers Squibb Co makes up approximately 2.88% of Mengis Capital Management’s portfolio.

Other Hedge Funds, Including , Anchor Capital Advisors sold out all of its stake in BMY during the most recent quarter. The investment firm sold 3,199 shares of BMY which is valued $227,705.Telemus Capital boosted its stake in BMY in the latest quarter, The investment management firm added 3,965 additional shares and now holds a total of 9,470 shares of Bristol-Myers Squibb Co which is valued at $683,545. Bristol-Myers Squibb Co makes up approx 0.11% of Telemus Capital’s portfolio.

Bristol-Myers Squibb Co closed down -0.1 points or -0.14% at $71.18 with 39,35,187 shares getting traded on Friday. Post opening the session at $71.27, the shares hit an intraday low of $71 and an intraday high of $71.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Bristol-Myers Squibb Co reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.65. The company had revenue of $4391.00 million for the quarter, compared to analysts expectations of $4268.65 million. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Many Wall Street Analysts have commented on Bristol-Myers Squibb Co. Company shares were Reiterated by UBS on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $73 .Company shares were Reiterated by Barclays on Apr 29, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 75 from a previous price target of $70 .Societe Generale Initiated Bristol-Myers Squibb Co on Apr 6, 2016 to “Sell”, Price Target of the shares are set at $48.

Bristol-Myers Squibb Company (BMS) is engaged in the discovery development licensing manufacturing marketing distribution and sale of biopharmaceutical products across the world. The Company’s products are sold to wholesalers retail pharmacies hospitals government entities and the medical profession. The Company manufactures its products in the United States Puerto Rico and in six foreign countries. The Company promotes the use of its products directly to healthcare professionals and providers such as doctors nurse practitioners physician assistants pharmacists technologists hospitals Pharmacy Benefit Managers (PBMs) and Managed Care Organizations (MCOs). It also provides information about the use of its products to consumers in the United States through direct-to-consumer print radio television and digital advertising and promotion. In addition the Company holds rights to F001287 which is a preclinical small-molecule IDO1-inhibitor.

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