Kovitz Investment Group Partners LLC Trims Holdings in Bristol Myers Squibb Company $BMY

Key Points

• Kovitz Investment Group Partners LLC cut its Bristol Myers Squibb stake by 27.7% in the fourth quarter, selling 220,625 shares and leaving it with 575,157 shares valued at about $31 million.
• Bristol Myers Squibb has several positive catalysts, including a newly घोषित quarterly dividend of $0.63 per share and encouraging Phase III SUCCESSOR-2 multiple myeloma results, which support optimism around its pipeline and income appeal.
• The stock has been under pressure recently and analysts are still broadly cautious, with an average Hold rating and a consensus price target of $61.31 versus a recent price near $54.10.

Kovitz Investment Group Partners LLC decreased its position in shares of Bristol Myers Squibb Company (NYSE:BMY - Free Report) by 27.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 575,157 shares of the biopharmaceutical company's stock after selling 220,625 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Bristol Myers Squibb were worth $31,024,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. McLaughlin Asset Management Inc. acquired a new position in Bristol Myers Squibb in the 4th quarter worth approximately $348,000. Wick Capital Partners LLC purchased a new stake in shares of Bristol Myers Squibb in the 4th quarter valued at $69,000. Professional Financial Solutions LLC ADV purchased a new stake in shares of Bristol Myers Squibb in the 4th quarter valued at $335,000. Compound Planning Inc. increased its stake in shares of Bristol Myers Squibb by 104.4% in the fourth quarter. Compound Planning Inc. now owns 23,633 shares of the biopharmaceutical company's stock worth $1,275,000 after acquiring an additional 12,072 shares during the period. Finally, TMB Capital Partners LLC purchased a new position in shares of Bristol Myers Squibb during the fourth quarter worth $356,000. Hedge funds and other institutional investors own 76.41% of the company's stock.

Bristol Myers Squibb News Summary

Here are the key news stories impacting Bristol Myers Squibb this week:

• Positive Sentiment: Bristol Myers Squibb announced a quarterly dividend of $0.63 per share, reinforcing its income appeal with an annualized yield of about 4.6%. Bristol Myers Squibb Announces Dividend
• Positive Sentiment: The company reported positive Phase III SUCCESSOR-2 multiple myeloma data and additional encouraging pipeline results at the EHA 2026 conference, which could strengthen optimism around future oncology growth. Bristol Myers Squibb (BMY) Unveils Myeloma Trial Win And New Gulf Leadership
• Positive Sentiment: Independent coverage highlighted potential undervaluation in BMY, citing pipeline progress and margin improvement as reasons the stock may have upside from current levels. Bristol Myers Squibb (BMY) Stock Could Be 12.2% Undervalued on Pipeline and Margin Hopes
• Neutral Sentiment: Bristol Myers Squibb said it will report second-quarter 2026 results on July 30, keeping investors focused on the next earnings update. Bristol Myers Squibb to Report Results for Second Quarter 2026 on July 30, 2026
• Neutral Sentiment: The company also appointed a new general manager for Saudi Arabia and Gulf countries, a strategic regional leadership move with limited near-term stock impact. Bristol Myers Squibb Appoints Mayada Al-Ahmad as General Manager for Saudi Arabia & Gulf Countries
• Negative Sentiment: Recent trading has been soft, with shares declining over the past month and quarter, and analysts still broadly rating the stock as a hold. Investors Heavily Search Bristol Myers Squibb Company (BMY): Here is What You Need to Know

Bristol Myers Squibb Price Performance

Bristol Myers Squibb stock opened at $54.10 on Friday. The stock has a market capitalization of $110.48 billion, a P/E ratio of 15.20, a P/E/G ratio of 0.16 and a beta of 0.24. The company's fifty day moving average price is $57.44 and its 200 day moving average price is $57.11. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.28 and a current ratio of 1.42. Bristol Myers Squibb Company has a 1 year low of $42.52 and a 1 year high of $62.89.

Bristol Myers Squibb (NYSE:BMY - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The biopharmaceutical company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.16. Bristol Myers Squibb had a net margin of 15.01% and a return on equity of 64.87%. The business had revenue of $11.49 billion for the quarter, compared to the consensus estimate of $10.93 billion. During the same period last year, the firm posted $1.80 earnings per share. The company's revenue was up 2.6% compared to the same quarter last year. Bristol Myers Squibb has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, equities research analysts anticipate that Bristol Myers Squibb Company will post 6.32 earnings per share for the current fiscal year.

Bristol Myers Squibb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.52 dividend on an annualized basis and a yield of 4.7%. Bristol Myers Squibb's dividend payout ratio (DPR) is currently 70.79%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank Of Canada began coverage on shares of Bristol Myers Squibb in a report on Tuesday, February 24th. They issued a "sector perform" rating and a $60.00 price target on the stock. Bank of America decreased their price objective on Bristol Myers Squibb from $68.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, April 9th. Weiss Ratings restated a "hold (c)" rating on shares of Bristol Myers Squibb in a research note on Monday, March 23rd. Citigroup reiterated a "neutral" rating on shares of Bristol Myers Squibb in a research report on Friday, May 1st. Finally, Cantor Fitzgerald boosted their price target on Bristol Myers Squibb from $45.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, April 8th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $61.31.

Insider Transactions at Bristol Myers Squibb

In related news, EVP David V. Elkins sold 30,000 shares of Bristol Myers Squibb stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $61.67, for a total value of $1,850,100.00. Following the sale, the executive vice president directly owned 159,248 shares in the company, valued at approximately $9,820,824.16. The trade was a 15.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.05% of the company's stock.

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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