Bristol Myers Squibb Company $BMY Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management increased its Bristol Myers Squibb stake by 8.8% in the second quarter, adding 448,265 shares to hold 5.54 million shares worth approximately $319.2 million. Institutional investors and hedge funds own 76.41% of BMY.
• Bristol Myers Squibb reported quarterly EPS of $2.04, beating estimates of $1.60, while revenue rose 5.7% year over year to $12.97 billion. The company issued fiscal 2026 EPS guidance of $6.75 to $7.00.
• BMY recently paid a quarterly dividend of $0.63 per share, representing a $2.52 annualized payout and a 3.9% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $66.06.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Bristol Myers Squibb Company (NYSE:BMY - Free Report) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,540,268 shares of the biopharmaceutical company's stock after buying an additional 448,265 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.27% of Bristol Myers Squibb worth $319,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BMY. waypoint wealth counsel acquired a new stake in Bristol Myers Squibb in the 4th quarter worth approximately $1,194,000. Life Cycle Investment Partners Ltd purchased a new stake in Bristol Myers Squibb during the 4th quarter worth approximately $34,406,000. Lazard Asset Management LLC increased its stake in Bristol Myers Squibb by 23.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,924,036 shares of the biopharmaceutical company's stock valued at $116,693,000 after purchasing an additional 368,193 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Bristol Myers Squibb by 27.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 98,665 shares of the biopharmaceutical company's stock worth $5,322,000 after buying an additional 21,196 shares during the last quarter. Finally, Asset One Wealth Management LLC purchased a new position in shares of Bristol Myers Squibb in the fourth quarter worth $4,075,000. 76.41% of the stock is owned by institutional investors and hedge funds.

Bristol Myers Squibb Trading Up 1.4%

Shares of NYSE:BMY opened at $64.71 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.38 and a debt-to-equity ratio of 1.89. Bristol Myers Squibb Company has a 12-month low of $42.52 and a 12-month high of $68.10. The business has a 50 day moving average of $59.75 and a two-hundred day moving average of $59.06. The company has a market capitalization of $132.18 billion, a PE ratio of 14.25, a PEG ratio of 0.17 and a beta of 0.22.

Bristol Myers Squibb (NYSE:BMY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The biopharmaceutical company reported $2.04 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.44. Bristol Myers Squibb had a net margin of 18.87% and a return on equity of 66.90%. The business had revenue of $12.97 billion for the quarter, compared to analysts' expectations of $11.74 billion. During the same quarter last year, the company earned $1.46 EPS. The business's revenue was up 5.7% on a year-over-year basis. Bristol Myers Squibb has set its FY 2026 guidance at 6.750-7.000 EPS. As a group, analysts forecast that Bristol Myers Squibb Company will post 6.95 EPS for the current year.

Bristol Myers Squibb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Thursday, July 2nd were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 3.9%. The ex-dividend date was Thursday, July 2nd. Bristol Myers Squibb's dividend payout ratio (DPR) is currently 55.51%.

Wall Street Analysts Forecast Growth

BMY has been the topic of a number of research analyst reports. Sanford C. Bernstein raised shares of Bristol Myers Squibb from a "market perform" rating to an "outperform" rating in a report on Wednesday, August 5th. Bank of America reduced their target price on Bristol Myers Squibb from $67.00 to $66.00 and set a "buy" rating for the company in a research note on Friday, July 10th. Argus raised Bristol Myers Squibb from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research report on Wednesday, August 5th. UBS Group downgraded Bristol Myers Squibb from a "buy" rating to a "neutral" rating in a research note on Wednesday, August 5th. Finally, Truist Financial reissued a "buy" rating and issued a $70.00 price objective (up from $65.00) on shares of Bristol Myers Squibb in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Bristol Myers Squibb presently has a consensus rating of "Moderate Buy" and an average target price of $66.06.

About Bristol Myers Squibb

Bristol Myers Squibb is a global biopharmaceutical company headquartered in Princeton, New Jersey, focused on discovering, developing and delivering medicines for serious diseases. The company's core activities include research and development, clinical development, manufacturing and commercialization of prescription pharmaceuticals across multiple therapeutic areas. BMS concentrates on advancing therapies in oncology, hematology, immunology, cardiovascular disease and specialty areas through both small molecules and biologics.

BMS's marketed portfolio and late‑stage pipeline reflect a strong emphasis on cancer and immune‑mediated conditions.

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