Schroder Investment Management Group Raises Stake in Bristol-Myers Squibb Co (BMY)
Schroder Investment Management Group lifted its holdings in shares of Bristol-Myers Squibb Co (NYSE:BMY) by 17.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 654,101 shares of the biopharmaceutical company’s stock after purchasing an additional 95,204 shares during the quarter. Schroder Investment Management Group’s holdings in Bristol-Myers Squibb were worth $40,083,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Delphi Private Advisors LLC acquired a new stake in shares of Bristol-Myers Squibb during the fourth quarter worth about $108,000. Massey Quick Simon & CO. LLC lifted its position 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 worth $113,000 after purchasing an additional 1,492 shares in the last quarter. Horan Capital Advisors LLC. acquired a new stake in shares of Bristol-Myers Squibb during the third quarter worth about $122,000. NuWave Investment Management LLC acquired a new stake in shares of Bristol-Myers Squibb during the fourth quarter worth about $119,000. Finally, Atlantic Trust LLC acquired a new stake in shares of Bristol-Myers Squibb during the second quarter worth about $111,000. 71.49% of the stock is currently owned by institutional investors and hedge funds.
Shares of Bristol-Myers Squibb Co (BMY) opened at $63.95 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.43 and a debt-to-equity ratio of 0.59. Bristol-Myers Squibb Co has a 1-year low of $51.56 and a 1-year high of $70.05. The firm has a market cap of $107,913.73, a P/E ratio of 108.39, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Friday, April 6th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $1.60 dividend on an annualized basis and a yield of 2.50%. Bristol-Myers Squibb’s payout ratio is currently 271.19%.
BMY has been the topic of several research reports. Citigroup set a $72.00 price target on shares of Bristol-Myers Squibb and gave the stock a “buy” rating in a research report on Tuesday, December 5th. BMO Capital Markets set a $49.00 target price on shares of Bristol-Myers Squibb and gave the company a “sell” rating in a report on Monday, December 11th. Vetr cut shares of Bristol-Myers Squibb from a “buy” rating to a “hold” rating and set a $59.70 target price on the stock. in a report on Friday, December 22nd. Zacks Investment Research cut shares of Bristol-Myers Squibb from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Credit Suisse Group set a $62.00 target price on shares of Bristol-Myers Squibb and gave the company a “hold” rating in a report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. Bristol-Myers Squibb currently has a consensus rating of “Hold” and a consensus target price of $66.79.
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Bristol-Myers Squibb Profile
Bristol-Myers Squibb Company is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products. The Company’s pharmaceutical products include chemically synthesized drugs, or small molecules, and products produced from biological processes called biologics.
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