Traders Buy Bristol-Myers Squibb (BMY) on Weakness

Investors purchased shares of Bristol-Myers Squibb (NYSE:BMY) on weakness during trading hours on Friday. $135.23 million flowed into the stock on the tick-up and $88.81 million flowed out of the stock on the tick-down, for a money net flow of $46.42 million into the stock. Of all equities tracked, Bristol-Myers Squibb had the 12th highest net in-flow for the day. Bristol-Myers Squibb traded down ($0.19) for the day and closed at $58.65

Several equities research analysts recently issued reports on the stock. Jefferies Group set a $66.00 target price on shares of Bristol-Myers Squibb and gave the stock a “hold” rating in a research report on Friday. ValuEngine cut shares of Bristol-Myers Squibb from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Vetr raised shares of Bristol-Myers Squibb from a “sell” rating to a “hold” rating and set a $60.72 target price on the stock in a research report on Thursday, February 1st. Credit Suisse Group set a $62.00 target price on shares of Bristol-Myers Squibb and gave the stock a “hold” rating in a research report on Monday, January 22nd. Finally, DZ Bank cut shares of Bristol-Myers Squibb from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. Bristol-Myers Squibb currently has a consensus rating of “Hold” and an average target price of $66.45.

The stock has a market cap of $98,248.84, a price-to-earnings ratio of 19.49, a P/E/G ratio of 1.56 and a beta of 0.96. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.43 and a current ratio of 1.55.



Bristol-Myers Squibb (NYSE:BMY) last announced its quarterly earnings results on Monday, February 5th. The biopharmaceutical company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The firm had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Bristol-Myers Squibb had a net margin of 4.85% and a return on equity of 35.43%. Bristol-Myers Squibb’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 earnings per share. research analysts predict that Bristol-Myers Squibb will post 3.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Friday, April 6th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.73%. Bristol-Myers Squibb’s payout ratio is currently 53.16%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Delphi Private Advisors LLC bought a new stake in shares of Bristol-Myers Squibb in the fourth quarter worth $108,000. Atlantic Trust LLC bought a new stake in shares of Bristol-Myers Squibb in the second quarter worth $111,000. Massey Quick Simon & CO. LLC increased its stake in shares of Bristol-Myers Squibb by 523.5% in the third quarter. Massey Quick Simon & CO. LLC now owns 1,777 shares of the biopharmaceutical company’s stock worth $113,000 after buying an additional 1,492 shares during the last quarter. NuWave Investment Management LLC bought a new stake in shares of Bristol-Myers Squibb in the fourth quarter worth $119,000. Finally, Horan Capital Advisors LLC. bought a new stake in shares of Bristol-Myers Squibb in the third quarter worth $122,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

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About Bristol-Myers Squibb

Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, and distributes biopharmaceutical products worldwide. The company offers drugs in the various therapeutic classes, such as oncology; cardiovascular; immunoscience; and virology, including human immunodeficiency virus (HIV) infection.

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