Economy

Bristol-Myers Squibb Company (BMY) Stake Raised by AMP Capital Investors Ltd

Bristol-Myers Squibb Company (BMY) Stake Raised by AMP Capital Investors Ltd”

The firm owned 2,633,198 shares of the biopharmaceutical company's stock after selling 229,311 shares during the quarter. Mn Services Vermogensbeheer B.V. now owns 43,185 shares of the biopharmaceutical company's stock worth $2,329,000 after buying an additional 812 shares during the last quarter.

Bristol-Myers Squibb Company (NYSE BMY) traded up 0.80% during midday trading on Thursday, hitting $62.98. About 725 shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since September 14, 2016 and is uptrending. It has underperformed by 5.01% the S&P500.

Bristol Myers Squibb Company (NYSE:BMY) had an increase of 1.12% in short interest.

Shufro Rose & Co Llc, which manages about $1.64 billion and $895.59 million US Long portfolio, decreased its stake in M & T Bk Corp (NYSE:MTB) by 26,785 shares to 23,163 shares, valued at $3.62 million in 2016Q4, according to the filing. Its up 140% from 1,500 shares previously. With 472,700 avg volume, 3 days are for Aerovironment Incorporated (NASDAQ:AVAV)'s short sellers to cover AVAV's short positions. The stock of Bristol-Myers Squibb Co (NYSE:BMY) has "Hold" rating given on Tuesday, June 14 by Jefferies. It has underperformed by 39.89% the S&P500. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Therefore 73% are positive. AeroVironment had 17 analyst reports since August 21, 2015 according to SRatingsIntel.

BMY has been the topic of a number of recent research reports. Standpoint Research downgraded the shares of AVH in report on Wednesday, December 7 to "Reduce" rating. The rating was upgraded by Guggenheim to "Buy" on Wednesday, December 2. The firm has "Hold" rating by Hilliard Lyons given on Tuesday, September 12. The firm has "Hold" rating given on Wednesday, September 2 by Canaccord Genuity. The firm has "Outperform" rating by Robert W. Baird given on Wednesday, April 26. Jefferies has "Buy" rating and $116 target. On Friday, July 28 the stock rating was maintained by BMO Capital Markets with "Underperform". Beech Hill Advsrs reported 9,400 shares. These ratios are important while doing valuation of the company or the shares of the company. Morgan Stanley (NYSE:MS) was reduced too.

Investors sentiment increased to 1.03 in Q4 2016. Its down 0.03, from 0.98 in 2016Q3.

Other hedge funds have also recently bought and sold shares of the company. 120 funds opened positions while 617 raised stakes. Aperio Limited Com holds 762,662 shares or 0.34% of its portfolio. Arrow reported 50,758 shares. Stratos Wealth Partners Limited accumulated 68,311 shares. Counselors invested in 0.37% or 119,962 shares. Argent Cap Mngmt Ltd reported 7,958 shares. Monroe Retail Bank Trust Mi stated it has 1,893 shares or 0.04% of all its holdings. Whittier Tru holds 127,975 shares. Cibc Asset Management holds 0.06% or 147,610 shares.

Bristol-Myers Squibb Company is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products. The company has a market cap of $103.28 billion, a price-to-earnings ratio of 23.00 and a beta of 1.18. The Company's pharmaceutical products include chemically synthesized drugs, or small molecules, and products produced from biological processes called biologics.

Investors of record on Friday, January 6th were given a dividend of $0.39 per share.

Several other hedge funds have also added to or reduced their stakes in the stock.

Bristol-Myers Squibb Company (NYSE:BMY) plunged -0.86% with the closing price of $62.48. Tiemann Investment Advisors Limited invested in 11,553 shares.

For Bristol-Myers Squibb, the transaction is expected to be dilutive to Non-GAAP earnings per share (EPS) in 2017 and 2018 by approximately $0.01, and by approximately $0.05 in 2019. Cincinnati Casualty Co owns 46,000 shares or 5.97% of their USA portfolio. The institutional investor held 8,654 shares of the investment bankers and brokers and service company at the end of 2016Q4, valued at $488,000, up from 911 at the end of the previous reported quarter. Kbc Group Nv has 323,875 shares. Mason Street Ltd Liability Corp reported 228,616 shares. BidaskClub raised shares of Bristol-Myers Squibb from a "sell" rating to a "hold" rating in a research report on Saturday, August 12th. Natl Asset Mgmt reported 67,843 shares. Perigon Wealth Management, LLC divested its holdings by shedding 1,125 shares a decrease of 8.3% from 03/31/2017 to 06/30/2017. Bristol-Myers Squibb Company has a 52-week low of $46.01 and a 52-week high of $63.47. Therefore 32% are positive. Meridian Mngmt invested 1.76% in Bristol-Myers Squibb Co (NYSE:BMY). On Monday, July 17 the stock rating was maintained by Deutsche Bank with "Hold". The rating was maintained by Leerink Swann with "Buy" on Thursday, July 27. Trading volume for Bristol-Myers Squibb Company was 4,321K on Thursday. Bristol-Myers Squibb now has an average rating of "Hold" and a consensus target price of $62.31. The rating was maintained by UBS on Friday, August 19 with "Buy". The stock of Bristol-Myers Squibb Co (NYSE:BMY) has "Underweight" rating given on Monday, August 24 by Piper Jaffray. The firm earned "Neutral" rating on Monday, July 11 by Bank of America. The stock of Bristol-Myers Squibb Co (NYSE:BMY) has "Market Perform" rating given on Wednesday, April 5 by BMO Capital Markets. Moreover, Somerville Kurt F has 0.28% invested in Bristol-Myers Squibb Co (NYSE:BMY) for 22,000 shares.



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