Orbis Allan Gray Ltd increased its holdings in shares of Bristol-Myers Squibb (NYSE:BMY) by 31.1% during the fourth quarter, HoldingsChannel reports. The firm owned 6,901,670 shares of the biopharmaceutical company’s stock after buying an additional 1,635,666 shares during the period. Bristol-Myers Squibb comprises 2.5% of Orbis Allan Gray Ltd’s portfolio, making the stock its 16th biggest holding. Orbis Allan Gray Ltd’s holdings in Bristol-Myers Squibb were worth $422,935,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Delphi Private Advisors LLC bought a new position in shares of Bristol-Myers Squibb during the fourth quarter valued at $108,000. Massey Quick Simon & CO. LLC lifted its holdings in shares of Bristol-Myers Squibb by 523.5% during the third quarter. Massey Quick Simon & CO. LLC now owns 1,777 shares of the biopharmaceutical company’s stock valued at $113,000 after purchasing an additional 1,492 shares in the last quarter. Horan Capital Advisors LLC. bought a new position in shares of Bristol-Myers Squibb during the third quarter valued at $122,000. NuWave Investment Management LLC bought a new position in shares of Bristol-Myers Squibb during the fourth quarter valued at $119,000. Finally, Atlantic Trust LLC bought a new position in shares of Bristol-Myers Squibb during the second quarter valued at $111,000. 71.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BMY opened at $62.31 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.55 and a quick ratio of 1.43. The stock has a market capitalization of $102,820.08, a price-to-earnings ratio of 20.92, a P/E/G ratio of 1.64 and a beta of 0.96. Bristol-Myers Squibb has a 52 week low of $51.56 and a 52 week high of $70.05.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Friday, April 6th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Thursday, April 5th. Bristol-Myers Squibb’s payout ratio is 53.16%.
BMY has been the subject of a number of research reports. BMO Capital Markets set a $49.00 price objective on Bristol-Myers Squibb and gave the company a “sell” rating in a research report on Monday, December 11th. Vetr cut Bristol-Myers Squibb from a “buy” rating to a “hold” rating and set a $59.70 price objective for the company. in a research report on Friday, December 22nd. Zacks Investment Research cut Bristol-Myers Squibb from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Credit Suisse Group set a $62.00 price objective on Bristol-Myers Squibb and gave the company a “hold” rating in a research report on Monday, January 22nd. Finally, Leerink Swann upped their price objective on Bristol-Myers Squibb from $71.00 to $76.00 and gave the company a “positive” rating in a research report on Tuesday, February 6th. Three research 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 presently has an average rating of “Hold” and a consensus target price of $66.68.
Bristol-Myers Squibb Company Profile
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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