Bristol-Myers Squibb Co (BMY) : Advent Capital Management De added new position in Bristol-Myers Squibb Co during the most recent quarter end. The investment management firm now holds 95,000 shares of Bristol-Myers Squibb Co which is valued at $6.8 Million , the company said in a statement filed on May 13, 2016 with the SEC.Bristol-Myers Squibb Co makes up approximately 0.84% of Advent Capital Management De’s portfolio.
Other Hedge Funds, Including , Geode Capital Management boosted its stake in BMY in the latest quarter, The investment management firm added 254,653 additional shares and now holds a total of 13,534,575 shares of Bristol-Myers Squibb Co which is valued at $963.4 Million. Bristol-Myers Squibb Co makes up approx 0.54% of Geode Capital Management’s portfolio.Meeder Asset Management Inc boosted its stake in BMY in the latest quarter, The investment management firm added 36,102 additional shares and now holds a total of 45,771 shares of Bristol-Myers Squibb Co which is valued at $3.3 Million. Bristol-Myers Squibb Co makes up approx 0.31% of Meeder Asset Management Inc’s portfolio. Fdo Partners sold out all of its stake in BMY during the most recent quarter. The investment firm sold 20,716 shares of BMY which is valued $1.5 Million.Andra Ap-fonden reduced its stake in BMY by selling 22,000 shares or 7.58% in the most recent quarter. The Hedge Fund company now holds 268,300 shares of BMY which is valued at $19.1 Million. Bristol-Myers Squibb Co makes up approx 0.51% of Andra Ap-fonden’s portfolio.
Bristol-Myers Squibb Co closed down -0.54 points or -0.76% at $70.69 with 58,15,767 shares getting traded on Wednesday. Post opening the session at $71.3, the shares hit an intraday low of $70.535 and an intraday high of $71.57 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. 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.