Bristol-Myers: 1Q Earnings Snapshot

Losing Streak       Decent quarterly results couldn't assuage the long term concerns of Bristol investors              Source Bloomberg

Benedict Financial Advisors Inc bought 10,166 shares as the company's stock rose 2.38% while stock markets declined. The institutional investor held 32,624 shares of the computer manufacturing company at the end of 2017Q4, valued at $5.01 million, up from 3,409 at the end of the previous reported quarter. The company's price to sales ratio for trailing twelve months is 4.16 and price to book ratio for most recent quarter is 7.21, whereas price to cash per share for the most recent quarter is 12.70. The volume of the company in the last trading session was 14.31 Million. Jefferies Group raised their target price on Bristol-Myers Squibb from $76.00 to $78.00 and gave the stock a "hold" rating in a research note on Tuesday, June 14th. BMY underperformed the S&P500 by 0.18%.

Westend Advisors Llc decreased its stake in Bristol (BMY) by 21.73% based on its latest 2017Q4 regulatory filing with the SEC. When we see the company's Volatility, it now has a monthly volatility of 4.50% and weekly volatility of 3.75%.

CME Group Inc (CME) dropped 1.9% or $3.04 to $158.04 after the exchanges operator said revenue in the first-quarter ending in March surged 18.4% from a year ago to $1.1 billion.

Bristol-Myers Squibb Company discovers, develops, licenses, makes, markets, and distributes biopharmaceutical products worldwide.The firm is worth $83.99 billion. The stock decreased 6.42% or $9.11 during the last trading session, reaching $132.7. About 7.66M shares traded. AC Immune SA (NASDAQ:ACIU) has declined 3.68% since April 26, 2017 and is downtrending. It has underperformed by 24.13% the S&P500. Therefore 38% are positive. SAP SE (NYSE:SAP) has risen 5.83% since April 26, 2017 and is uptrending. The stock rating was maintained by Citigroup with "Buy" on Friday, February 16. The firm has "Hold" rating given on Tuesday, June 14 by Jefferies. The company was maintained on Thursday, October 12 by Raymond James.

Helped by the new USA tax law, Bristol-Myers projected an effective 2018 tax rate of 17% to 18%, below its previous estimate of about 20%. The firm has "Buy" rating given on Friday, September 15 by Jefferies. BMO Capital Markets maintained the shares of BMY in report on Tuesday, February 6 with "Underperform" rating. The company was maintained on Monday, November 13 by BMO Capital Markets. On Monday, October 30 the rating was upgraded by SunTrust to "Buy".

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Investors sentiment increased to 1.21 in 2017 Q4. The firm is having a distance of 1.54% form 20 day moving average, SMA 50 of 0.21% and an SMA 200 of 2.82%. These funds own 1.11 billion shares, that's up from 1.11 billion shares in 2017Q3. Segment Wealth Management LLC now owns 6,818 shares of the biopharmaceutical company's stock valued at $380,000 after buying an additional 274 shares during the last quarter. Monroe Retail Bank And Trust Mi holds 1,893 shares or 0.04% of its portfolio. Summit Secs Grp Ltd Liability stated it has 28,000 shares or 0.2% of all its holdings. Vanguard Group has 11.07M shares for 0.02% of their portfolio. James Invest Rech accumulated 600 shares. Epoch Partners owns 3.63M shares. DZ Bank downgraded the shares of BMY in report on Wednesday, February 28 to "Hold" rating. The share price has yet to cross its 20 days moving average, floating at a distance of -10.95% and sits -17.84% lower versus its 50 days moving average. Clear Harbor Asset Ltd Co reported 7,737 shares or 0.09% of all its holdings. 175,602 were accumulated by Whittier Tru. Etrade Capital Mngmt Lc owns 47,293 shares or 0.09% of their U.S. portfolio. Nuveen Asset Mgmt Ltd Limited Liability Company has 254,116 shs for 0.1% of their capital. Raymond James Na reported 82,411 shares. 12,660 are held by Brighton Jones Limited Liability Com. Finally, Northern Trust Corp boosted its stake in shares of Bristol-Myers Squibb by 3.9% during the second quarter.

Bristol-Myers Squibb Co on Thursday increased adjusted earnings guidance for the full-year 2018 to a range of USD3.35 to USD3.45 per share from the prior range of USD3.15 to USD3.30 per share. BMY's profit could be $1.37 billion with 15.13 P/E in case $0.84 EPS is announced. The expected future growth in earnings per share ("EPS") is an incredibly important identifying an under-valued stock.

Investors sentiment decreased to 0.94 in 2017 Q4. Its down 0.09, from 1.03 in 2017Q3. It turned negative, as 72 investors sold BMY shares while 526 reduced holdings. 457 grew positions while 106 funds amassed positions. Cowen & Co maintained the shares of BMY in report on Monday, July 10 with "Hold" rating.

Excluding special items, Bristol-Myers said it earned 94 USA cents per share, topping analysts' average expectations by 9c, according to Thomson Reuters I/B/E/S. Barclays Pcl has invested 0.13% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY).

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