LS Investment Advisors LLC Raises Position in Bristol-Myers Squibb Co (BMY)

LS Investment Advisors LLC raised its stake in Bristol-Myers Squibb Co (NYSE:BMY) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,703 shares of the biopharmaceutical company’s stock after buying an additional 843 shares during the quarter. LS Investment Advisors LLC’s holdings in Bristol-Myers Squibb were worth $3,660,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital Financial Planning LLC purchased a new stake in Bristol-Myers Squibb in the 4th quarter valued at $28,000. Financial Gravity Wealth Inc. purchased a new stake in Bristol-Myers Squibb in the 1st quarter valued at $26,000. Well Done LLC purchased a new stake in Bristol-Myers Squibb in the 4th quarter valued at $30,000. Riverview Trust Co purchased a new stake in Bristol-Myers Squibb in the 4th quarter valued at $33,000. Finally, Trust Department MB Financial Bank N A purchased a new stake in Bristol-Myers Squibb in the 1st quarter valued at $32,000. Institutional investors own 74.09% of the company’s stock.

Shares of Bristol-Myers Squibb stock opened at $46.85 on Friday. Bristol-Myers Squibb Co has a 52 week low of $44.30 and a 52 week high of $63.69. The firm has a market capitalization of $76.63 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 2.19 and a beta of 0.77. The company has a current ratio of 1.93, a quick ratio of 1.79 and a debt-to-equity ratio of 0.37.

Bristol-Myers Squibb (NYSE:BMY) last posted its earnings results on Thursday, April 25th. The biopharmaceutical company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Bristol-Myers Squibb had a return on equity of 48.72% and a net margin of 22.23%. The firm had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the company earned $0.94 EPS. Bristol-Myers Squibb’s revenue was up 14.0% on a year-over-year basis. Equities analysts forecast that Bristol-Myers Squibb Co will post 4.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Friday, April 5th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Thursday, April 4th. Bristol-Myers Squibb’s payout ratio is 41.21%.

Several equities analysts have recently commented on the company. ValuEngine raised Bristol-Myers Squibb from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 4th. Zacks Investment Research lowered Bristol-Myers Squibb from a “hold” rating to a “sell” rating in a research note on Thursday, March 28th. Credit Suisse Group reaffirmed a “hold” rating and issued a $59.00 price target on shares of Bristol-Myers Squibb in a research note on Friday, February 15th. BMO Capital Markets upped their price target on Bristol-Myers Squibb from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Finally, Bank of America decreased their price target on Bristol-Myers Squibb from $53.00 to $51.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. Bristol-Myers Squibb has an average rating of “Hold” and an average price target of $57.64.

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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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