Measured Wealth Private Client Group LLC boosted its position in shares of Bristol Myers Squibb Company (NYSE:BMY – Free Report) by 302.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 25,075 shares of the biopharmaceutical company’s stock after acquiring an additional 18,842 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Bristol Myers Squibb were worth $1,521,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in BMY. Brighton Jones LLC raised 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 in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Bristol Myers Squibb by 59.4% in the second quarter. Sivia Capital Partners LLC now owns 7,477 shares of the biopharmaceutical company’s stock valued at $346,000 after purchasing an additional 2,786 shares in the last quarter. United Bank increased its position in Bristol Myers Squibb by 15.0% in the second quarter. United Bank now owns 25,148 shares of the biopharmaceutical company’s stock worth $1,164,000 after purchasing an additional 3,277 shares during the last quarter. Marshall Wace LLP purchased a new stake in Bristol Myers Squibb during the second quarter valued at $221,000. Finally, Nebula Research & Development LLC bought a new position in Bristol Myers Squibb during the second quarter valued at $405,000. Hedge funds and other institutional investors own 76.41% of the company’s stock.
Bristol Myers Squibb Stock Performance
Shares of NYSE:BMY opened at $60.79 on Thursday. The firm’s 50 day simple moving average is $57.29 and its 200-day simple moving average is $57.94. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.28 and a current ratio of 1.42. Bristol Myers Squibb Company has a one year low of $42.52 and a one year high of $62.89. The firm has a market cap of $124.14 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 0.17 and a beta of 0.23.
Bristol Myers Squibb Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, July 2nd. Bristol Myers Squibb’s dividend payout ratio is currently 70.79%.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Bristol Myers Squibb from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 27th. Guggenheim reaffirmed a “buy” rating and issued a $72.00 price target on shares of Bristol Myers Squibb in a report on Wednesday, April 8th. Citigroup reiterated a “neutral” rating on shares of Bristol Myers Squibb in a research report on Friday, May 1st. UBS Group reissued a “buy” rating on shares of Bristol Myers Squibb in a research note on Thursday, May 28th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $54.00 price objective on shares of Bristol Myers Squibb in a research report on Monday, July 6th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $61.25.
Check Out Our Latest Stock Report on BMY
Bristol Myers Squibb Company Profile
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.
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