5,627 Shares in Bristol-Myers Squibb Co (NYSE:BMY) Acquired by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC bought a new stake in Bristol-Myers Squibb Co (NYSE:BMY) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,627 shares of the biopharmaceutical company’s stock, valued at approximately $361,000.

Several other hedge funds have also modified their holdings of BMY. Stonebridge Financial Planning Group LLC acquired a new stake in shares of Bristol-Myers Squibb in the 4th quarter valued at $26,000. grace capital acquired a new stake in shares of Bristol-Myers Squibb in the 4th quarter valued at $26,000. Birch Capital Management LLC acquired a new stake in shares of Bristol-Myers Squibb in the 4th quarter valued at $28,000. Sailer Financial LLC acquired a new stake in shares of Bristol-Myers Squibb in the 4th quarter valued at $30,000. Finally, Wealthcare Capital Management LLC boosted its holdings in shares of Bristol-Myers Squibb by 47.7% in the 4th quarter. Wealthcare Capital Management LLC now owns 517 shares of the biopharmaceutical company’s stock valued at $33,000 after purchasing an additional 167 shares in the last quarter. 77.88% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on BMY shares. Argus raised Bristol-Myers Squibb from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Friday, December 13th. ValuEngine upgraded Bristol-Myers Squibb from a “strong sell” rating to a “sell” rating in a research note on Monday, March 9th. William Blair restated a “buy” rating on shares of Bristol-Myers Squibb in a research note on Friday, February 14th. Barclays started coverage on Bristol-Myers Squibb in a research note on Thursday, February 27th. They issued an “equal weight” rating and a $69.00 target price for the company. Finally, Societe Generale downgraded Bristol-Myers Squibb from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a research note on Monday, March 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $62.08.

In other Bristol-Myers Squibb news, EVP John E. Elicker sold 15,805 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $61.01, for a total transaction of $964,263.05. Following the sale, the executive vice president now owns 58,666 shares of the company’s stock, valued at approximately $3,579,212.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

BMY stock traded up $1.55 during midday trading on Tuesday, reaching $55.94. 10,939,633 shares of the company’s stock traded hands, compared to its average volume of 20,002,308. The company has a 50-day moving average price of $58.97 and a two-hundred day moving average price of $58.45. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.37 and a current ratio of 1.60. Bristol-Myers Squibb Co has a 52 week low of $42.48 and a 52 week high of $68.34. The firm has a market capitalization of $119.17 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.16 and a beta of 0.77.

Bristol-Myers Squibb (NYSE:BMY) last issued its earnings results on Thursday, February 6th. The biopharmaceutical company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.34. Bristol-Myers Squibb had a net margin of 13.15% and a return on equity of 31.85%. The business had revenue of $7.95 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. As a group, analysts predict that Bristol-Myers Squibb Co will post 6.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 3rd will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, April 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 3.22%. Bristol-Myers Squibb’s payout ratio is 38.38%.

About Bristol-Myers Squibb

Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. The company offers drugs in oncology, immunoscience, cardiovascular, and fibrotic diseases. The company's products include Opdivo, a biological product for anti-cancer indications; Eliquis, an oral inhibitor targeted at stroke prevention in adult patients with non-valvular atrial fibrillation, and the prevention and treatment of venous thromboembolic disorders; and Orencia, a biological product for adult patients with moderately to severely active RA and prostate-specific antigen, as well as reducing signs and symptoms in certain pediatric patients with moderately to severely active polyarticular juvenile idiopathic arthritis.

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

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