Danske Bank A S Acquires Shares of 1,501,133 Bristol Myers Squibb Company $BMY

Key Points

• Danske Bank acquired 1.5 million Bristol Myers Squibb shares valued at approximately $86.5 million, giving it a 0.07% stake. Institutional investors collectively own 76.41% of BMY.
• Bristol Myers Squibb reported quarterly earnings of $2.04 per share, exceeding the $1.60 analyst estimate, while revenue rose 5.7% year over year to $12.97 billion.
• BMY shares traded up 2.2% to $66.07, and the company maintains a quarterly dividend of $0.63 per share, representing a 3.8% annualized yield. Analysts’ consensus rating is “Moderate Buy” with an average price target of $66.06.

Danske Bank A S acquired a new stake in shares of Bristol Myers Squibb Company (NYSE:BMY - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,501,133 shares of the biopharmaceutical company's stock, valued at approximately $86,495,000. Danske Bank A S owned about 0.07% of Bristol Myers Squibb at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. waypoint wealth counsel bought a new position in shares of Bristol Myers Squibb in the fourth quarter valued at approximately $1,194,000. Life Cycle Investment Partners Ltd bought a new stake in Bristol Myers Squibb during the fourth quarter worth $34,406,000. Lazard Asset Management LLC lifted 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 acquiring an additional 368,193 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in Bristol Myers Squibb by 27.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 98,665 shares of the biopharmaceutical company's stock valued at $5,322,000 after acquiring an additional 21,196 shares in the last quarter. Finally, Asset One Wealth Management LLC purchased a new position in Bristol Myers Squibb during the 4th quarter worth $4,075,000. 76.41% of the stock is owned by institutional investors.

Bristol Myers Squibb Trading Up 2.2%

NYSE BMY opened at $66.07 on Wednesday. The business's fifty day moving average is $59.94 and its 200-day moving average is $59.14. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.53 and a quick ratio of 1.38. The stock has a market capitalization of $134.97 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 0.17 and a beta of 0.22. Bristol Myers Squibb Company has a one year low of $42.52 and a one year high of $68.10.

Bristol Myers Squibb (NYSE:BMY - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The biopharmaceutical company reported $2.04 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $12.97 billion during the quarter, compared to analyst estimates of $11.74 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. The firm's revenue for the quarter 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. Equities research analysts predict that Bristol Myers Squibb Company will post 6.95 EPS for the current year.

Bristol Myers Squibb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, July 2nd. Bristol Myers Squibb's dividend payout ratio is currently 55.51%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BMY. Argus upgraded shares of Bristol Myers Squibb from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a report on Wednesday, August 5th. Jefferies Financial Group cut shares of Bristol Myers Squibb from a "buy" rating to a "hold" rating in a report on Wednesday, August 5th. Wall Street Zen raised shares of Bristol Myers Squibb from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 27th. Weiss Ratings upgraded shares of Bristol Myers Squibb from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, July 30th. Finally, Guggenheim reissued a "buy" rating and set a $75.00 target price (up from $72.00) on shares of Bristol Myers Squibb in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.

Want to see what other hedge funds are holding BMY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bristol Myers Squibb Company (NYSE:BMY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source