Signal Advisors Wealth LLC Trims Stake in Bristol Myers Squibb Company $BMY

Signal Advisors Wealth LLC lowered its holdings in Bristol Myers Squibb Company (NYSE:BMYFree Report) by 58.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,981 shares of the biopharmaceutical company’s stock after selling 17,177 shares during the period. Signal Advisors Wealth LLC’s holdings in Bristol Myers Squibb were worth $540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Bristol Myers Squibb by 33.4% during the 4th quarter. Brighton Jones LLC now owns 19,728 shares of the biopharmaceutical company’s stock worth $1,116,000 after acquiring an additional 4,935 shares during the last quarter. Summit Financial LLC raised its position in Bristol Myers Squibb by 32.7% during the first quarter. Summit Financial LLC now owns 18,881 shares of the biopharmaceutical company’s stock valued at $1,152,000 after purchasing an additional 4,648 shares in the last quarter. Compound Planning Inc. lifted its stake in Bristol Myers Squibb by 9.8% during the first quarter. Compound Planning Inc. now owns 14,023 shares of the biopharmaceutical company’s stock worth $855,000 after purchasing an additional 1,255 shares during the last quarter. Sax Wealth Advisors LLC boosted its holdings in shares of Bristol Myers Squibb by 5.1% in the 1st quarter. Sax Wealth Advisors LLC now owns 6,343 shares of the biopharmaceutical company’s stock worth $387,000 after purchasing an additional 307 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Bristol Myers Squibb by 3.4% during the 1st quarter. Smartleaf Asset Management LLC now owns 22,689 shares of the biopharmaceutical company’s stock valued at $1,362,000 after purchasing an additional 752 shares during the last quarter. Hedge funds and other institutional investors own 76.41% of the company’s stock.

More Bristol Myers Squibb News

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Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Dbs Bank upgraded Bristol Myers Squibb to a “moderate buy” rating in a research report on Thursday, October 2nd. Sanford C. Bernstein restated a “market perform” rating on shares of Bristol Myers Squibb in a report on Monday, November 3rd. Wall Street Zen raised shares of Bristol Myers Squibb from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Bank of America upgraded shares of Bristol Myers Squibb from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $52.00 to $61.00 in a research report on Monday, December 15th. Finally, Citigroup cut their price target on shares of Bristol Myers Squibb from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, November 17th. Five research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $54.62.

View Our Latest Research Report on Bristol Myers Squibb

Bristol Myers Squibb Trading Up 1.5%

NYSE:BMY opened at $54.15 on Monday. The firm has a market capitalization of $110.24 billion, a P/E ratio of 18.29, a P/E/G ratio of 8.29 and a beta of 0.29. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 2.39. The company has a fifty day moving average of $47.73 and a 200 day moving average of $47.14. Bristol Myers Squibb Company has a 52 week low of $42.52 and a 52 week high of $63.33.

Bristol Myers Squibb (NYSE:BMYGet Free Report) last announced its quarterly earnings results on Thursday, October 30th. The biopharmaceutical company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.11. The business had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Bristol Myers Squibb had a net margin of 12.57% and a return on equity of 76.53%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 EPS. Bristol Myers Squibb has set its FY 2025 guidance at 6.400-6.600 EPS. On average, research analysts predict that Bristol Myers Squibb Company will post 6.74 earnings per share for the current year.

Bristol Myers Squibb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 2nd will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, January 2nd. This is a positive change from Bristol Myers Squibb’s previous quarterly dividend of $0.62. Bristol Myers Squibb’s dividend payout ratio is currently 83.78%.

About Bristol Myers Squibb

(Free Report)

Bristol Myers Squibb is a global biopharmaceutical company headquartered in Princeton, New Jersey, focused on discovering, developing and delivering medicines for serious diseases. The company’s core activities include research and development, clinical development, manufacturing and commercialization of prescription pharmaceuticals across multiple therapeutic areas. BMS concentrates on advancing therapies in oncology, hematology, immunology, cardiovascular disease and specialty areas through both small molecules and biologics.

BMS’s marketed portfolio and late‑stage pipeline reflect a strong emphasis on cancer and immune‑mediated conditions.

See Also

Institutional Ownership by Quarter for Bristol Myers Squibb (NYSE:BMY)

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