Economy

Bristol Myers Squibb Ord (BMY) Shareholder Canal Insurance Company Boosted Its Stake

Bristol Myers Squibb Ord (BMY) Shareholder Canal Insurance Company Boosted Its Stake”

Pettyjohn Wood & White Inc sold 6,372 shares as the company's stock rose 4.63% while stock markets declined. Pinnacle Associates Ltd. now owns 243,763 shares of the biopharmaceutical company's stock valued at $14,938,000 after buying an additional 9,157 shares in the last quarter. Hedge funds and other institutional investors own 71.51% of the company's stock. About 22.40 million shares traded. (NYSE:RUBI) has declined 66.61% since March 29, 2017 and is downtrending. It has underperformed by 18.98% the S&P500.

Raymond James Trust decreased Bristol Myers Squibb (BMY) stake by 7.05% reported in 2017Q4 SEC filing. Vanguard Group Inc. now owns 118,661,690 shares of the biopharmaceutical company's stock worth $6,611,829,000 after purchasing an additional 333,685 shares in the last quarter. Pettyjohn Wood & White Inc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $695.25B market cap company. The stock has a market capitalization of $103,505.77, a price-to-earnings ratio of 106.05, a PEG ratio of 1.65 and a beta of 0.98. About 4.71M shares traded. Bank of America increased their price objective on Bristol-Myers Squibb from $64.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday, March 5th. It has underperformed by 0.18% the S&P500. On this news, Bristol-Myers's share price fell $12.04, or 16%, to close at $63.28 on August 5, 2016. Therefore 36% are positive. On Thursday, August 11 the stock rating was downgraded by Berenberg to "Hold". The stock has "Buy" rating by UBS on Friday, August 19. Barclays Capital maintained it with "Equal Weight" rating and $75 target in Friday, April 29 report. As per Wednesday, October 25, the company rating was maintained by Citigroup.

Bristol-Myers Squibb (BMY) opened at $62.57 on Thursday. Atlantic Securities initiated Bristol-Myers Squibb Company (NYSE:BMY) on Friday, December 18 with "Underweight" rating. RBC Capital Markets maintained the shares of V in report on Thursday, February 1 with "Buy" rating. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company's stock.

Since December 12, 2017, it had 1 buy, and 1 insider sale for $85,985 activity. On Friday, December 15 the insider Samuels Theodore R. II bought $249,187.

Investors sentiment decreased to 0.77 in Q4 2017. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.43 and a current ratio of 1.55.

ILLEGAL ACTIVITY WARNING: "Bristol-Myers Squibb (NYSE:BMY) Shares Sold by US Bancorp DE" was originally published by Week Herald and is the sole property of of Week Herald. Verition Fund Management LLC raised its stake in shares of Bristol-Myers Squibb by 1.0% during the 2nd quarter. The biopharmaceutical company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. Specifically, BMY failed to disclose that BMY's CheckMate-026 trial was more likely to fail than BMY represented; Bristol-Myers' CheckMate-026 trial failed more severely than Bristol-Myers indicated it did in its August 5, 2016 announcements and disclosures; and, as a result, Bristol-Myers' statements about its business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis. Moreover, Jpmorgan Chase And has 0.32% invested in Bristol-Myers Squibb Company (NYSE:BMY). Jefferies Group set a $72.00 price objective on Bristol-Myers Squibb and gave the stock a "hold" rating in a research report on Monday, February 26th. Becker Cap Management stated it has 0.01% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). Hbk Investments LP holds 274,300 shares or 0.22% of its portfolio. Highbridge Management Lc accumulated 254,141 shares. Rubicon Proj Inc now has $90.46M valuation. Pictet Asset Management has invested 0.27% in Bristol-Myers Squibb Company (NYSE:BMY). Clearbridge Lc holds 565,980 shares.

Investors sentiment decreased to 0.73 in 2017 Q4. Its up 0.05, from 1 in 2017Q3. It dropped, as 47 investors sold RNR shares while 100 reduced holdings. 141 funds opened positions while 552 raised stakes. Arrowstreet Capital Limited Partnership now owns 3,331,549 shares of the biopharmaceutical company's stock worth $185,634,000 after purchasing an additional 3,323,649 shares during the period. Deutsche Bancorporation Ag has 19.63M shares. Beck Mack Oliver Ltd Company owns 7,160 shares. Prudential Public Ltd Co holds 12.99 million shares. 10,100 are held by Louisiana State Employees Retirement. 13,013 are held by Joel Isaacson Co Limited Liability. Meiji Yasuda Asset Mgmt Limited has invested 0.31% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). Numeric Investors owns 3,300 shares or 0% of their USA portfolio. Bessemer Grp accumulated 286,961 shares. Trillium Asset Limited Liability Corp holds 0.01% or 4,404 shares. Jefferies Grp Ltd Liability Com has invested 0.02% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR).

Focused Wealth Management Inc increased General Mtrs Co (NYSE:GM) stake by 8,677 shares to 10,548 valued at $432,000 in 2017Q4. It also reduced its holding in Keycorp New (NYSE:KEY) by 15,100 shares in the quarter, leaving it with 580,300 shares, and cut its stake in Berkshire Hathaway Inc Del (BRKB).



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