Candriam Luxembourg S.c.a. Lowers stake in Bristol-Myers Squibb Co (BMY)

Bristol-Myers Squibb Co (BMY) : Candriam Luxembourg S.c.a. reduced its stake in Bristol-Myers Squibb Co by 6.72% during the most recent quarter end. The investment management company now holds a total of 398,360 shares of Bristol-Myers Squibb Co which is valued at $30,462,589 after selling 28,691 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 0.77% of Candriam Luxembourg S.c.a.’s portfolio.

Other Hedge Funds, Including , Boston Advisors boosted its stake in BMY in the latest quarter, The investment management firm added 400,099 additional shares and now holds a total of 561,927 shares of Bristol-Myers Squibb Co which is valued at $42,970,558. Bristol-Myers Squibb Co makes up approx 1.04% of Boston Advisors’s portfolio. Destination Wealth Management added BMY to its portfolio by purchasing 4,536 company shares during the most recent quarter which is valued at $346,868. Bristol-Myers Squibb Co makes up approx 0.03% of Destination Wealth Management’s portfolio.Farmers Merchants Investments Inc boosted its stake in BMY in the latest quarter, The investment management firm added 2,546 additional shares and now holds a total of 81,019 shares of Bristol-Myers Squibb Co which is valued at $6,134,759. Bristol-Myers Squibb Co makes up approx 0.66% of Farmers Merchants Investments Inc’s portfolio.Curbstone Financial Management Corp reduced its stake in BMY by selling 300 shares or 2.29% in the most recent quarter. The Hedge Fund company now holds 12,804 shares of BMY which is valued at $963,885. Bristol-Myers Squibb Co makes up approx 0.32% of Curbstone Financial Management Corp’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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