Sector Gamma AS Grows Stock Holdings in Bristol Myers Squibb Company $BMY

Key Points

• Sector Gamma AS increased its Bristol Myers Squibb stake by 28.3% in Q4, making BMY its largest holding at about 9.2% of the portfolio. The fund ended the period with 745,955 shares valued at roughly $40.2 million.
• Bristol Myers Squibb reported better-than-expected quarterly results, with EPS of $1.58 versus estimates of $1.42 and revenue of $11.49 billion, up 2.6% year over year. The company also maintained FY2026 EPS guidance of $6.05 to $6.35.
• Analyst sentiment remains mixed but mostly neutral-to-bullish, with an average rating of Hold and an average price target of $61.31. However, competition concerns resurfaced after Takeda said its psoriasis drug beat BMY’s Sotyktu in a head-to-head study.

Sector Gamma AS boosted its position in Bristol Myers Squibb Company (NYSE:BMY - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 745,955 shares of the biopharmaceutical company's stock after acquiring an additional 164,688 shares during the quarter. Bristol Myers Squibb accounts for approximately 9.2% of Sector Gamma AS's portfolio, making the stock its largest holding. Sector Gamma AS's holdings in Bristol Myers Squibb were worth $40,237,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. waypoint wealth counsel purchased a new stake in shares of Bristol Myers Squibb during the fourth quarter worth about $1,194,000. Life Cycle Investment Partners Ltd purchased a new stake in Bristol Myers Squibb in the fourth quarter worth about $34,406,000. Axxcess Wealth Management LLC lifted its holdings in 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 period. M&G PLC lifted its holdings in Bristol Myers Squibb by 1.4% in the third quarter. M&G PLC now owns 6,885,188 shares of the biopharmaceutical company's stock worth $309,833,000 after buying an additional 97,063 shares during the period. Finally, Daytona Street Capital LLC purchased a new stake in Bristol Myers Squibb in the fourth quarter worth about $1,362,000. Institutional investors own 76.41% of the company's stock.

Bristol Myers Squibb Price Performance

Shares of NYSE BMY opened at $56.96 on Friday. Bristol Myers Squibb Company has a fifty-two week low of $42.52 and a fifty-two week high of $62.89. The company has a 50 day simple moving average of $57.83 and a two-hundred day simple moving average of $56.87. The company has a market capitalization of $116.31 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 0.16 and a beta of 0.24. 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 (NYSE:BMY - Get Free Report) last announced its earnings results on Thursday, April 30th. The biopharmaceutical company reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $10.93 billion. During the same quarter last year, the firm earned $1.80 earnings per share. The business's revenue for the quarter was up 2.6% on a year-over-year basis. Bristol Myers Squibb has set its FY 2026 guidance at 6.050-6.350 EPS. Analysts expect that Bristol Myers Squibb Company will post 6.32 EPS for the current fiscal year.

Insider Buying and Selling at Bristol Myers Squibb

In related news, EVP David V. Elkins sold 30,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $61.67, for a total transaction of $1,850,100.00. Following the completion of the sale, the executive vice president owned 159,248 shares of the company's stock, valued at $9,820,824.16. This trade represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.05% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on BMY. Barclays began coverage on shares of Bristol Myers Squibb in a report on Thursday, February 19th. They issued an "overweight" rating and a $75.00 price objective for the company. UBS Group restated a "buy" rating on shares of Bristol Myers Squibb in a report on Thursday, May 28th. Weiss Ratings restated a "hold (c)" rating on shares of Bristol Myers Squibb in a report on Monday, March 23rd. Bank of America lowered their price objective on shares of Bristol Myers Squibb from $68.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, April 9th. Finally, Citigroup restated a "neutral" rating on shares of Bristol Myers Squibb in a report on Friday, May 1st. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Bristol Myers Squibb has an average rating of "Hold" and an average target price of $61.31.

Bristol Myers Squibb News Summary

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

• Positive Sentiment: Erste Group’s FY2026 earnings estimate for Bristol Myers Squibb stayed in line with Wall Street expectations, reinforcing the view that current earnings are stable and the stock remains attractively valued.
• Positive Sentiment: Zacks highlighted Bristol Myers Squibb as a top-ranked value stock, which may attract income- and value-focused investors looking for defensive healthcare exposure.
• Neutral Sentiment: Analyst revisions were mixed overall, with a small downward tweak to FY2027 EPS but a slightly higher FY2026 forecast, suggesting limited near-term estimate pressure.
• Negative Sentiment: Takeda reported that its AI-designed psoriasis drug, zasocitinib, outperformed BMY’s approved psoriasis treatment Sotyktu in a head-to-head study, raising competitive concerns for one of Bristol Myers Squibb’s growth products. Article Title

Bristol Myers Squibb Company Profile

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.

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.