Bennicas Associates Lowers stake in Bristol-Myers Squibb Co (BMY)

Bristol-Myers Squibb Co (BMY) : Bennicas Associates reduced its stake in Bristol-Myers Squibb Co by 4.77% during the most recent quarter end. The investment management company now holds a total of 35,925 shares of Bristol-Myers Squibb Co which is valued at $2,539,179 after selling 1,800 shares in Bristol-Myers Squibb Co , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Bristol-Myers Squibb Co makes up approximately 2.36% of Bennicas Associates’s portfolio.

Bristol-Myers Squibb Co opened for trading at $70.25 and hit $71.07 on the upside on Friday, eventually ending the session at $70.68, with a gain of 0.74% or 0.52 points. The heightened volatility saw the trading volume jump to 58,03,996 shares. Company has a market cap of $117,997 M.

Other Hedge Funds, Including , Fisher Asset Management boosted its stake in BMY in the latest quarter, The investment management firm added 501,260 additional shares and now holds a total of 636,060 shares of Bristol-Myers Squibb Co which is valued at $44,956,721. Bristol-Myers Squibb Co makes up approx 0.09% of Fisher Asset Management’s portfolio. Marquette Asset Management sold out all of its stake in BMY during the most recent quarter. The investment firm sold 3,100 shares of BMY which is valued $210,955.Franklin Street Advisors Inc Nc boosted its stake in BMY in the latest quarter, The investment management firm added 5,142 additional shares and now holds a total of 116,949 shares of Bristol-Myers Squibb Co which is valued at $7,958,379. Bristol-Myers Squibb Co makes up approx 1.55% of Franklin Street Advisors Inc Nc’s portfolio.First National Bank Of Mount Dora Trust Investment Services boosted its stake in BMY in the latest quarter, The investment management firm added 90 additional shares and now holds a total of 8,528 shares of Bristol-Myers Squibb Co which is valued at $562,677. Bristol-Myers Squibb Co makes up approx 0.33% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.

On the company’s financial health, Bristol-Myers Squibb Co reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.28. The company had revenue of $4287.00 million for the quarter, compared to analysts expectations of $4154.19 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Bristol-Myers Squibb Co. 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 Co was Upgraded by Berenberg to ” Buy” on Jan 22, 2016.

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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