Bristol-Myers Squibb Company (BMY) Updates FY17 Earnings Guidance

Reuters

Reuters

UBS Asset Management Americas Inc. now owns 4,791,226 shares of the biopharmaceutical company's stock worth $266,967,000 after purchasing an additional 434,072 shares in the last quarter. Dextera Surgical Inc (DXTR) has $9.23 million valuation. The stock decreased 2.24% or $0.22 on October 27, reaching $9.62. About 1.37 million shares traded. Oracle Corporation (NYSE:ORCL) has risen 14.08% since October 28, 2016 and is uptrending. It has outperformed by 103.79% the S&P500. Mutual of America Capital Management LLC raised its holdings in shares of Bristol-Myers Squibb by 1.9% in the first quarter. It improved, as 0 investors sold Oramed Pharmaceuticals, Inc. shares while 1 reduced holdings.

To round out your research, the current dividend yield is 2.56% with a payout ratio of 55.80%. Jefferies Group LLC lowered Bristol-Myers Squibb from a buy rating to a hold rating and set a $72.00 price target on the stock.in a research report on Monday, October 16th.

In recent trading day Bristol-Myers Squibb Company (BMY) stock showed the move of 0.55% with the closing price of $64.00.

Bristol-Myers Squibb (NYSE:BMY) last announced its quarterly earnings data on Thursday, October 27th. It has underperformed by 39.89% the S&P500. Pacad Invest Limited invested 0.07% of its portfolio in Sprint Corp (NYSE:S). Its up 0.02, from 1.04 in 2017Q1.

Large investors have recently bought and sold shares of the company. 44 funds opened positions while 187 raised stakes. Essex Inv Management Communications Lc holds 0.19% or 23,676 shares. Morgan Stanley owns 12,635 shares. Yorktown Mngmt And Rech Incorporated owns 3,500 shares. Ny State Common Retirement Fund holds 0.33% or 4.48 million shares in its portfolio. (NASDAQ:ORMP). Finance Architects Inc holds 0% or 2,000 shares in its portfolio. Next owns 57 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Corporation holds 38,300 shares. Pettee holds 5,020 shares. 950 were reported by Huntington National Bank. Massachusetts Fincl Serv Co Ma holds 385,123 shares or 0% of its portfolio. Sii Invs Inc Wi reported 0.02% stake. Buckingham Asset Mngmt Ltd Liability accumulated 17,508 shares or 0.23% of the stock. Saturna Cap Corp holds 669,152 shares. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Therefore 95% are positive. Oracle had 96 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Friday, October 28 by Deutsche Bank. As per Thursday, October 5, the company rating was maintained by H.C. Wainwright. On Friday, April 28 the stock rating was maintained by Credit Suisse with "Buy". FBR Capital initiated the stock with "Outperform" rating in Thursday, November 19 report. As per Monday, August 14, the company rating was maintained by Needham. The rating was maintained by Stifel Nicolaus on Sunday, September 10 with "Buy". The firm has "Hold" rating given on Monday, September 18 by Cowen & Co. Its down 0.31% from 196,600 shares previously. There has been an observed change of -0.13% in the ownership of the shares in the past six months. Travelers Companies Inc Com (NYSE:TRV) was raised too. Therefore 26% are positive. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.20 billion. Oppenheimer maintained the shares of S in report on Tuesday, July 26 with "Perform" rating. The stock has "Hold" rating by Piper Jaffray on Thursday, July 27. Wells Fargo downgraded the stock to "Underperform" rating in Friday, July 7 report. Cowen & Co has "Hold" rating and $6.0 target. Moreover, Homrich And Berg has 0.04% invested in Bristol-Myers Squibb Co (NYSE:BMY).

Shares of Bristol-Myers Squibb (NYSE:BMY) traded down 1.66% during mid-day trading on Wednesday, hitting $59.94. Barclays Capital has "Equal-Weight" rating and $65 target. The firm has "Sell" rating by Credit Suisse given on Friday, March 31. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own.

Investors sentiment increased to 1.06 in Q2 2017. Its down 0.03, from 0.98 in 2017Q1. It worsened, as 42 investors sold Fidelity National Information Servcs Inc shares while 203 reduced holdings. 120 funds opened positions while 451 raised stakes.

Bristol-Myers Squibb Co reported a 7 percent increase in third-quarter revenue as sales of key drugs met Wall Street expectations, but adjusted earnings fell slightly short due to an inventory write-off. Bristol-Myers Squibb had a return on equity of 32.33% and a net margin of 22.66%. Bristol-Myers Squibb's revenue was up 21.0% compared to the same quarter a year ago. Fiduciary Serv Of The Southwest Tx reported 144,133 shares or 2.48% of all its holdings. Shell Asset Management Comm holds 0.01% of its portfolio in Sprint Corp (NYSE:S) for 45,764 shares. Stonebridge Advisors Ltd owns 76,340 shares for 1.12% of their portfolio.

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