First United Bank Trust buys $1,946,425 stake in Bristol-Myers Squibb Co (BMY)

Bristol-Myers Squibb Co (BMY) : First United Bank Trust scooped up 80 additional shares in Bristol-Myers Squibb Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 39,077 shares of Bristol-Myers Squibb Co which is valued at $1,946,425.Bristol-Myers Squibb Co makes up approximately 1.62% of First United Bank Trust’s portfolio.

Other Hedge Funds, Including , Kelman-lazarov boosted its stake in BMY in the latest quarter, The investment management firm added 145 additional shares and now holds a total of 803 shares of Bristol-Myers Squibb Co which is valued at $39,997. Bristol-Myers Squibb Co makes up approx 0.02% of Kelman-lazarov’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in BMY by selling 5,470 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 426,630 shares of BMY which is valued at $23,648,101. Bristol-Myers Squibb Co makes up approx 0.50% of Exxonmobil Investment Management Inc Tx’s portfolio.Curbstone Financial Management Corp boosted its stake in BMY in the latest quarter, The investment management firm added 84 additional shares and now holds a total of 12,888 shares of Bristol-Myers Squibb Co which is valued at $706,134. Bristol-Myers Squibb Co makes up approx 0.23% of Curbstone Financial Management Corp’s portfolio.Telemus Capital reduced its stake in BMY by selling 614 shares or 5.18% in the most recent quarter. The Hedge Fund company now holds 11,248 shares of BMY which is valued at $616,278. Bristol-Myers Squibb Co makes up approx 0.07% of Telemus Capital’s portfolio.

Bristol-Myers Squibb Co closed down -0.26 points or -0.52% at $49.55 with 2,45,32,533 shares getting traded on Tuesday. Post opening the session at $49.67, the shares hit an intraday low of $49.5 and an intraday high of $50.23 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Bristol-Myers Squibb Co reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.66. The company had revenue of $4881.00 million for the quarter, compared to analysts expectations of $4657.63 million. The company’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Bristol-Myers Squibb Co. Shares were Reiterated by Barclays on Sep 9, 2016 to “Equal Weight” and Lowered the Price Target to $ 65 from a previous price target of $75 .Bristol-Myers Squibb Co was Downgraded by Berenberg to ” Hold” on Aug 11, 2016. Credit Suisse Downgraded Bristol-Myers Squibb Co on Aug 8, 2016 to ” Neutral”, Price Target of the shares are set at $63.

Bristol-Myers Squibb Company (BMS) is engaged in the discovery development licensing manufacturing marketing distribution and sale of biopharmaceutical products across the world. The Company’s products are sold to wholesalers retail pharmacies hospitals government entities and the medical profession. The Company manufactures its products in the United States Puerto Rico and in six foreign countries. The Company promotes the use of its products directly to healthcare professionals and providers such as doctors nurse practitioners physician assistants pharmacists technologists hospitals Pharmacy Benefit Managers (PBMs) and Managed Care Organizations (MCOs). It also provides information about the use of its products to consumers in the United States through direct-to-consumer print radio television and digital advertising and promotion. In addition the Company holds rights to F001287 which is a preclinical small-molecule IDO1-inhibitor.

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