D.A. Davidson & CO. lowered its stake in Bristol-Myers Squibb Co (NYSE:BMY) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 207,967 shares of the biopharmaceutical company’s stock after selling 1,519 shares during the period. D.A. Davidson & CO.’s holdings in Bristol-Myers Squibb were worth $12,911,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Cypress Capital Management LLC WY lifted its position in shares of Bristol-Myers Squibb by 154.7% in the third quarter. Cypress Capital Management LLC WY now owns 1,910 shares of the biopharmaceutical company’s stock worth $119,000 after buying an additional 1,160 shares during the last quarter. CSat Investment Advisory L.P. acquired a new stake in shares of Bristol-Myers Squibb in the second quarter worth about $113,000. Landaas & Co. WI ADV acquired a new stake in shares of Bristol-Myers Squibb in the second quarter worth about $131,000. Selective Wealth Management acquired a new stake in shares of Bristol-Myers Squibb in the third quarter worth about $184,000. Finally, LFA Lugano Financial Advisors SA lifted its position in shares of Bristol-Myers Squibb by 85.8% in the third quarter. LFA Lugano Financial Advisors SA now owns 3,207 shares of the biopharmaceutical company’s stock worth $199,000 after buying an additional 1,481 shares during the last quarter. 72.90% of the stock is owned by institutional investors.
NYSE BMY opened at $52.93 on Friday. Bristol-Myers Squibb Co has a twelve month low of $46.94 and a twelve month high of $70.05. The company has a quick ratio of 1.40, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The stock has a market cap of $86.39 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 1.48 and a beta of 1.08.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Friday, October 5th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $1.60 annualized dividend and a yield of 3.02%. Bristol-Myers Squibb’s dividend payout ratio is 53.16%.
A number of analysts have weighed in on BMY shares. Zacks Investment Research raised Bristol-Myers Squibb from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Friday, October 5th. SunTrust Banks reissued a “buy” rating and set a $67.00 price objective on shares of Bristol-Myers Squibb in a research report on Tuesday, July 31st. Barclays boosted their price objective on Bristol-Myers Squibb from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, October 12th. Credit Suisse Group reissued a “hold” rating and set a $61.00 price objective on shares of Bristol-Myers Squibb in a research report on Wednesday, September 12th. Finally, Morgan Stanley cut their price objective on Bristol-Myers Squibb from $63.00 to $59.00 and set a “hold” rating for the company in a research report on Tuesday, November 6th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. Bristol-Myers Squibb currently has an average rating of “Hold” and an average target price of $61.84.
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Bristol-Myers Squibb Profile
Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, and distributes biopharmaceutical products worldwide. The company offers drugs in various therapeutic classes, such as oncology; cardiovascular; immunoscience; and virology, including human immunodeficiency virus (HIV) infection.
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