Has $16.90 Million Position in Bristol-Myers Squibb Company (BMY)

Marco Green
October 13, 2017

The institutional investor held 26,700 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $1.49 million, up from 15,310 at the end of the previous reported quarter. Mercury Gen Corp New now has $3.10 billion valuation. The stock declined 0.15% or $0.24 reaching $156.31 on the news. (NYSE:WD) has risen 103.91% since October 12, 2016 and is uptrending. It has underperformed by 16.37% the S&P500.

The average 1-year price target for Bristol-Myers Squibb Company (BMY) - averaging the work of different analysts - reveals a mean PT of $59.79/share. About shares traded. Bristol-Myers Squibb Co (NYSE:BMY) has declined 23.19% since October 12, 2016 and is downtrending. The Franklin Street Advisors Inc holds 74,623 shares with $4.16M value, down from 101,458 last quarter.

Bristol-Myers Squibb Company (NYSE:BMY) has 20 days moving average price of 2.47% from last close price of 65.11 and act as support or resistance of price limit. The stock increased 0.37% or $0.24 during the last trading session, reaching $65.35.

Tracking some recent stock price action, we can see that Bristol-Myers Squibb Company (BMY) recently touched 65.31. It has underperformed by 39.89% the S&P500.The move comes after 8 months positive chart setup for the $106.81B company. On average, equities research analysts anticipate that Bristol-Myers Squibb Company will post $2.98 EPS for the current year. American National Bank now owns 2,144 shares of the biopharmaceutical company's stock valued at $119,000 after purchasing an additional 225 shares during the period. UBS upgraded Bristol-Myers Squibb Co (NYSE:BMY) rating on Tuesday, September 29. The stock has "Sell" rating by BMO Capital Markets on Wednesday, August 16. (BMY) to Neutral" published on September 12, 2017, Nasdaq.com published: "Ex-Dividend Reminder: "Bristol-Myers Squibb, Kite Realty Group Trust and DCT ..." on October 03, 2017. The firm has "Hold" rating given on Thursday, July 20 by RBC Capital Markets. BMO Capital Markets restated an "underperform" rating and set a $47.00 price objective (down previously from $51.00) on shares of Bristol-Myers Squibb in a research note on Wednesday, July 26th. Leerink Swann maintained the shares of BMY in report on Thursday, July 27 with "Buy" rating. The stock has "Underweight" rating by JP Morgan on Monday, August 17. Piper Jaffray maintained Phillips 66 (NYSE:PSX) on Wednesday, August 2 with "Buy" rating.

Investors sentiment increased to 0.96 in 2017 Q2. Its down 0.03, from 0.98 in 2017Q1. It is negative, as 78 investors sold BMY shares while 520 reduced holdings. 120 funds opened positions while 451 raised stakes. Jacobs Levy Equity Management has 18,190 shares for 0.02% of their portfolio. (NASDAQ:AAPL). Verition Fund Mngmt Limited Liability Co has 8,797 shares for 0.12% of their portfolio. Clean Yield Gru holds 0.11% of its portfolio in Bristol-Myers Squibb Co (NYSE:BMY) for 4,700 shares. 349.91 million shares or 0.58% less from 351.94 million shares in 2017Q1 were reported.

Bristol-Myers Squibb (NYSE:BMY) last released its earnings results on Thursday, July 27th. The average 1-year price target for (KEM) reveals an average price target of $21.88 per share. California-based California Employees Retirement Systems has invested 0.35% in Bristol-Myers Squibb Co (NYSE:BMY). Amica Retiree Medical invested 0.45% in Bristol-Myers Squibb Co (NYSE:BMY). Gfs stated it has 5,034 shares or 0.06% of all its holdings. Mcgowan Group Asset Management holds 0.04% or 3,622 shares. Palisade Mngmt Limited Liability Nj stated it has 11,698 shares or 0.02% of all its holdings. Vanguard Grp reported 0.33% of its portfolio in Bristol-Myers Squibb Co (NYSE:BMY). LYB's profit will be $1.01B for 9.40 P/E if the $2.57 EPS becomes a reality. United Retail Bank Va reported 0.37% of its portfolio in Bristol-Myers Squibb Co (NYSE:BMY). It dropped, as 11 investors sold Walker & Dunlop, Inc. shares while 58 reduced holdings.

Investors sentiment decreased to 1.51 in 2017 Q2. 79 funds opened positions while 228 raised stakes. Ingalls & Snyder LLC raised its stake in Bristol-Myers Squibb by 3.1% during the second quarter. First Quadrant Limited Partnership Ca owns 101 shares. Salient Advisors Ltd Co holds 7,750 shares. Illinois-based Hightower Limited Company has invested 0% in Oclaro Inc (NASDAQ:OCLR). Ionic Mngmt Llc reported 14,996 shares. Smith And Howard Wealth Management Limited Liability Corp holds 0.39% of its portfolio in Apple Inc. 44,743 were reported by Choate Invest Advsrs. Thrivent Financial For Lutherans stated it has 0% of its portfolio in Mercury General Corporation (NYSE:MCY).

198,263 were reported by Ingalls And Snyder Limited Liability. Jpmorgan Chase And Com has 356,378 shares for 0% of their portfolio. Nbw Capital Ltd Liability Corporation holds 3.89% or 97,290 shares in its portfolio. Institutional ownership can eventually exceed 100 percent of float, which means that, in addition to all the available shares, institutions have also bought up all the borrowed shares from short sellers who are betting that the stock will decline. Amer Assets Invest Management Limited Company reported 30,000 shares. State Of Alaska Department Of Revenue accumulated 3,120 shares. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. Therefore 0 are positive.

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