Economy

Pictet Asset Management Ltd. Raises Stake in Bristol-Myers Squibb Company (BMY)

The mean target price as estimated by the analysts for the company has been recorded at $60.68. It has underperformed by 39.89% the S&P500.

Gradient Investments Llc decreased its stake in Lilly Eli & Co (LLY) by 98.66% based on its latest 2017Q2 regulatory filing with the SEC. Signature Estate & Investment Advisors Llc sold 170,984 shares as Danaher Corp Del (DHR)'s stock declined 2.27%. Danaher Corp Del now has $63.06B valuation. Beck Mack & Oliver LLC now owns 14,348 shares of the biopharmaceutical company's stock worth $780,000 after acquiring an additional 500 shares during the period. Another trade for 5,000 shares valued at $24,338 was made by Fonte Paul on Thursday, June 1. (NASDAQ:ABCD) has risen 8.00% since October 26, 2016 and is uptrending. It has underperformed by 10.02% the S&P500. Hartford Financial owns 69,154 shares for 1.73% of their portfolio.

Gradient Investments Llc, which manages about $696.72 million and $1.43B US Long portfolio, upped its stake in Taiwan Semiconductor Mfg Ltd (NYSE:TSM) by 14,395 shares to 22,615 shares, valued at $791,000 in 2017Q2, according to the filing. Ishares Tr (MTUM) was raised too. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Therefore 26% are positive. Credit Suisse maintained Danaher Corporation (NYSE:DHR) on Friday, October 20 with "Outperform" rating. On Thursday, July 13 the stock rating was maintained by Jefferies with "Buy". Finally, Cowen and Company reaffirmed a "hold" rating and issued a $65.00 price objective on shares of Bristol-Myers Squibb in a research note on Tuesday, September 19th. The firm has "Buy" rating given on Thursday, February 4 by Citigroup. Morgan Stanley upgraded Eli Lilly and Co (NYSE:LLY) on Friday, December 16 to "Overweight" rating. The company was maintained on Monday, June 5 by BMO Capital Markets. (The) reissued a buy rating and issued a $63.00 price target on shares of Bristol-Myers Squibb in a research note on Wednesday, August 9th. The rating was maintained by Citigroup with "Buy" on Wednesday, October 25. Berenberg has "Hold" rating and $70 target.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on October, 27. Blue Chip Partners Inc. now owns 2,141 shares of the biopharmaceutical company's stock worth $116,000 after acquiring an additional 17 shares during the last quarter.

Maximum and minimum EPS estimate for the current quarter is projected at $0.69 and $0.58, respectively, according to 18 analysts. During the same quarter in the prior year, the firm earned $0.69 EPS.

During that time period, shares are up 1.70% which has provided some nice profits for investors who may be looking to take advantage of the recent gains. Its down 0.03, from 0.98 in 2017Q1. It worsened, as 78 investors sold BMY shares while 520 reduced holdings. 92 funds opened positions while 651 raised stakes. 508.92 million shares or 0.25% less from 510.21 million shares in 2017Q1 were reported. Glenmede Tru Na holds 346,964 shares or 0.09% of its portfolio. Brown Advisory Secs Limited Liability owns 9,375 shares for 0.18% of their portfolio. It turned negative, as 4 investors sold Cambium Learning Group, Inc. shares while 11 reduced holdings. Clear Harbor Asset Mgmt Ltd Liability accumulated 10,722 shares. Quantum Cap, a California-based fund reported 12,044 shares. 1,778,294 shares of the company's stock were exchanged. Nordea Invest accumulated 737,268 shares. Corporate insiders own 0.23% of the company's stock. 296,172 are owned by Everett Harris Ca. Ls Ltd Liability holds 0.12% in Arthur J Gallagher & Co (NYSE:AJG) or 33,235 shares.

Investors sentiment decreased to 0.95 in 2017 Q2.

Since May 22, 2017, it had 0 insider buys, and 4 selling transactions for $1.91 million activity.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BMY. Beck Mack & Oliver LLC raised its holdings in Bristol-Myers Squibb by 3.6% in the 1st quarter. The 52-Week High range of the stock is $66.1, while the 52-week low range is $46.01. National Bank has invested 0.25% in Bristol-Myers Squibb Co (NYSE:BMY). Central Bank & Trust Co. boosted its stake in shares of Bristol-Myers Squibb by 2.8% during the 1st quarter. Moreover, Barrett Asset Management Ltd Liability Corp has 1.2% invested in Bristol-Myers Squibb Co (NYSE:BMY). Boston Family Office Limited Liability Corp owns 59,019 shares or 0.59% of their United States portfolio. Legal & General Pcl owns 8.43M shares or 0.38% of their USA portfolio. Cleararc Capital holds 0.04% or 4,396 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 0.28% of its portfolio in Bristol-Myers Squibb Co (NYSE:BMY) for 113,429 shares. Bristol-Myers Squibb's dividend payout ratio (DPR) is 56.73%. The stock now has an average rating of "Hold" and an average target price of $64.53. Hutchinson Cap Ca stated it has 0.06% in Bristol-Myers Squibb Co (NYSE:BMY). Teacher Retirement Systems Of Texas stated it has 765,531 shares. The biopharmaceutical company reported $0.69 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.66 by $0.03. Bristol-Myers Squibb Co (NYSE:BMY) has declined 23.19% since October 26, 2016 and is downtrending. On Friday, September 9 the stock rating was maintained by Barclays Capital with "Equal-Weight". The stock has "Buy" rating by Leerink Swann on Thursday, July 27. UBS maintained it with "Buy" rating and $72.0 target in Friday, October 6 report. The firm earned "Market Perform" rating on Monday, January 25 by BMO Capital Markets. On Tuesday, September 12 the stock rating was downgraded by Hilliard Lyons to "Hold".

Shares of Bristol-Myers Squibb Company (NYSE:BMY) have climbed in the previous month.



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