Grubman Wealth Management Exits Position in Bristol-Myers Squibb Co (BMY)

Bristol-Myers Squibb Co (BMY) : Grubman Wealth Management has sold out all of its stake in Bristol-Myers Squibb Co during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 3,064 shares of Bristol-Myers Squibb Co which is valued at $169,838.

Other Hedge Funds, Including , Stokes Hubbell Capital Management boosted its stake in BMY in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 10,239 shares of Bristol-Myers Squibb Co which is valued at $567,548. Bristol-Myers Squibb Co makes up approx 0.24% of Stokes Hubbell Capital Management’s portfolio.Boltwood Capital Management reduced its stake in BMY by selling 110 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 15,695 shares of BMY which is valued at $859,929. Bristol-Myers Squibb Co makes up approx 0.69% of Boltwood Capital Management’s portfolio.Harbour Capital Advisors reduced its stake in BMY by selling 310 shares or 1.84% in the most recent quarter. The Hedge Fund company now holds 16,513 shares of BMY which is valued at $904,747. Bristol-Myers Squibb Co makes up approx 0.49% of Harbour Capital Advisors’s portfolio.Lvm Capital Management Ltdmi boosted its stake in BMY in the latest quarter, The investment management firm added 9,841 additional shares and now holds a total of 23,778 shares of Bristol-Myers Squibb Co which is valued at $1,302,797. Bristol-Myers Squibb Co makes up approx 0.41% of Lvm Capital Management Ltdmi’s portfolio.

Bristol-Myers Squibb Co opened for trading at $55.22 and hit $55.9 on the upside on Friday, eventually ending the session at $55.43, with a gain of 0.69% or 0.38 points. The heightened volatility saw the trading volume jump to 1,27,14,378 shares. Company has a market cap of $92,616 M.

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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