Sigma Planning Corp Acquires 9,703 Shares of Bristol Myers Squibb Company $BMY

Sigma Planning Corp raised its holdings in Bristol Myers Squibb Company (NYSE:BMYFree Report) by 14.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,789 shares of the biopharmaceutical company’s stock after acquiring an additional 9,703 shares during the quarter. Sigma Planning Corp’s holdings in Bristol Myers Squibb were worth $4,196,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of BMY. Darwin Wealth Management LLC bought a new position in Bristol Myers Squibb in the 2nd quarter worth about $25,000. Physician Wealth Advisors Inc. grew its stake in Bristol Myers Squibb by 73.5% in the 4th quarter. Physician Wealth Advisors Inc. now owns 477 shares of the biopharmaceutical company’s stock worth $26,000 after acquiring an additional 202 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in Bristol Myers Squibb in the 3rd quarter worth about $35,000. JPL Wealth Management LLC bought a new position in shares of Bristol Myers Squibb during the 3rd quarter worth $36,000. Finally, Beacon Financial Strategies CORP bought a new position in shares of Bristol Myers Squibb during the 4th quarter worth $38,000. Institutional investors own 76.41% of the company’s stock.

Bristol Myers Squibb Stock Down 3.9%

Shares of NYSE:BMY opened at $58.24 on Friday. The business has a 50-day moving average price of $59.56 and a 200 day moving average price of $54.48. The company has a current ratio of 1.26, a quick ratio of 1.14 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $118.92 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 0.17 and a beta of 0.26. Bristol Myers Squibb Company has a 12-month low of $42.52 and a 12-month high of $62.89.

Bristol Myers Squibb (NYSE:BMYGet Free Report) last released its earnings results on Thursday, April 30th. The biopharmaceutical company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.16. The company had revenue of $11.49 billion during the quarter, compared to the consensus estimate of $10.93 billion. Bristol Myers Squibb had a return on equity of 66.57% and a net margin of 15.01%.Bristol Myers Squibb’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.80 EPS. Bristol Myers Squibb has set its FY 2026 guidance at 6.050-6.350 EPS. Sell-side analysts expect that Bristol Myers Squibb Company will post 6.27 EPS for the current year.

Bristol Myers Squibb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Thursday, April 2nd were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, April 2nd. Bristol Myers Squibb’s dividend payout ratio is 73.04%.

Insider Transactions at Bristol Myers Squibb

In related news, EVP David V. Elkins sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $61.67, for a total value of $1,850,100.00. Following the completion of the transaction, the executive vice president directly owned 159,248 shares of the company’s stock, valued at $9,820,824.16. This represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.05% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BMY shares. Wall Street Zen raised Bristol Myers Squibb from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 19th. Scotiabank restated a “sector perform” rating and set a $60.00 target price (up from $53.00) on shares of Bristol Myers Squibb in a research report on Friday, January 9th. Citigroup reissued a “neutral” rating on shares of Bristol Myers Squibb in a report on Friday. Bank of America decreased their price target on Bristol Myers Squibb from $68.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Finally, Guggenheim reiterated a “buy” rating and issued a $72.00 price objective on shares of Bristol Myers Squibb in a research report on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $61.31.

Read Our Latest Research Report on BMY

Bristol Myers Squibb News Roundup

Here are the key news stories impacting Bristol Myers Squibb this week:

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

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

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