American Century Companies Inc Lowers stake in Bristol-Myers Squibb Co (BMY)

Bristol-Myers Squibb Co (BMY) : American Century Companies Inc reduced its stake in Bristol-Myers Squibb Co by 5.39% during the most recent quarter end. The investment management company now holds a total of 7,139,561 shares of Bristol-Myers Squibb Co which is valued at $545,962,230 after selling 406,535 shares in Bristol-Myers Squibb Co , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Bristol-Myers Squibb Co makes up approximately 0.60% of American Century Companies Inc’s portfolio.

Other Hedge Funds, Including , Hl Financial Services boosted its stake in BMY in the latest quarter, The investment management firm added 2,901 additional shares and now holds a total of 360,221 shares of Bristol-Myers Squibb Co which is valued at $27,546,100. Bristol-Myers Squibb Co makes up approx 0.63% of Hl Financial Services’s portfolio. E&g Advisors Lp sold out all of its stake in BMY during the most recent quarter. The investment firm sold 3,816 shares of BMY which is valued $291,810.Bennicas Associates reduced its stake in BMY by selling 900 shares or 2.51% in the most recent quarter. The Hedge Fund company now holds 35,025 shares of BMY which is valued at $2,652,093. Bristol-Myers Squibb Co makes up approx 2.33% of Bennicas Associates’s portfolio. Verus Financial Partners added BMY to its portfolio by purchasing 2,961 company shares during the most recent quarter which is valued at $224,918. Bristol-Myers Squibb Co makes up approx 0.10% of Verus Financial Partners’s portfolio.New England Research Management reduced its stake in BMY by selling 9,400 shares or 56.8% in the most recent quarter. The Hedge Fund company now holds 7,150 shares of BMY which is valued at $527,527. Bristol-Myers Squibb Co makes up approx 0.46% of New England Research Management’s portfolio.

Bristol-Myers Squibb Co opened for trading at $74.57 and hit $75.16 on the upside on Friday, eventually ending the session at $74.81, with a gain of 0.20% or 0.15 points. The heightened volatility saw the trading volume jump to 48,61,139 shares. Company has a market cap of $124,881 M.

On the company’s financial health, Bristol-Myers Squibb Co reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.66. The company had revenue of $4881.00 million for the quarter, compared to analysts expectations of $4657.63 million. The company’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Bristol-Myers Squibb Co. Bristol-Myers Squibb Co was Initiated by Hilliard Lyons to “Neutral” on May 23, 2016. 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 .

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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