Capital Advisors Ltd. buys $433,547 stake in Bristol-Myers Squibb Co (BMY)

Bristol-Myers Squibb Co (BMY) : Capital Advisors Ltd. scooped up 6 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 Apr 15, 2016. The investment management firm now holds a total of 6,371 shares of Bristol-Myers Squibb Co which is valued at $433,547.Bristol-Myers Squibb Co makes up approximately 0.21% of Capital Advisors Ltd.’s portfolio.

Bristol-Myers Squibb Co opened for trading at $69.02 and hit $70.24 on the upside on Wednesday, eventually ending the session at $70.16, with a gain of 1.34% or 0.93 points. The heightened volatility saw the trading volume jump to 54,20,497 shares. Company has a market cap of $117,129 M.

Other Hedge Funds, Including , Patten Patten Inctn boosted its stake in BMY in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 23,571 shares of Bristol-Myers Squibb Co which is valued at $1,604,007. Bristol-Myers Squibb Co makes up approx 0.23% of Patten Patten Inctn’s portfolio.Howland Capital Management reduced its stake in BMY by selling 1,350 shares or 3.51% in the most recent quarter. The Hedge Fund company now holds 37,094 shares of BMY which is valued at $2,524,247. Bristol-Myers Squibb Co makes up approx 0.25% of Howland Capital Management’s portfolio.Capital Asset Advisory Services reduced its stake in BMY by selling 120 shares or 2.32% in the most recent quarter. The Hedge Fund company now holds 5,053 shares of BMY which is valued at $343,857. Bristol-Myers Squibb Co makes up approx 0.39% of Capital Asset Advisory Services’s portfolio.Triangle Securities Wealth Management reduced its stake in BMY by selling 840 shares or 5.84% in the most recent quarter. The Hedge Fund company now holds 13,551 shares of BMY which is valued at $894,095. Bristol-Myers Squibb Co makes up approx 0.59% of Triangle Securities Wealth Management’s portfolio.New England Research Management boosted its stake in BMY in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 16,550 shares of Bristol-Myers Squibb Co which is valued at $1,091,969. Bristol-Myers Squibb Co makes up approx 0.94% of New England Research Management’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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