Shelter Mutual Insurance Co Purchases Shares of 53,800 Bristol Myers Squibb Company $BMY

Key Points

• Shelter Mutual Insurance Co. acquired 53,800 Bristol Myers Squibb shares worth approximately $3.1 million in the second quarter. Institutional investors collectively own 76.41% of BMY.
• Bristol Myers Squibb reported quarterly revenue of $12.97 billion and adjusted EPS of $2.04, beating analyst expectations, while revenue increased 5.7% year over year. The company also maintained its $0.63 quarterly dividend, representing a 3.8% annualized yield.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $66.06, although generic competition against legacy products remains a key risk. Growth initiatives include a planned $2.3 billion Houston manufacturing facility and ongoing drug-development programs.

Shelter Mutual Insurance Co acquired a new position in shares of Bristol Myers Squibb Company (NYSE:BMY - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 53,800 shares of the biopharmaceutical company's stock, valued at approximately $3,100,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Causey Wealth LLC purchased a new stake in shares of Bristol Myers Squibb in the second quarter valued at $418,000. Keebeck Wealth Management purchased a new stake in shares of Bristol Myers Squibb during the second quarter worth about $955,000. Blue Capital Inc. acquired a new position in shares of Bristol Myers Squibb in the second quarter valued at approximately $1,059,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Bristol Myers Squibb during the second quarter valued at approximately $195,000. Finally, OneAscent Investment Solutions LLC purchased a new stake in Bristol Myers Squibb in the 2nd quarter worth approximately $381,000. Hedge funds and other institutional investors own 76.41% of the company's stock.

Bristol Myers Squibb News Roundup

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

• Positive Sentiment: Bristol Myers Squibb plans to invest approximately $2.3 billion in a new Houston manufacturing facility, part of a broader $40 billion U.S. investment commitment. The project reinforces BMY’s confidence in domestic production capacity and could support long-term operational growth. Bristol-Myers Squibb Bets $2.3 Billion on Texas
• Positive Sentiment: BMY is collaborating with Chai Discovery on artificial-intelligence-driven antibody discovery. The partnership could help identify novel therapeutic candidates more efficiently and strengthens the company’s efforts to modernize its drug-development platform. Chai Discovery Collaboration
• Positive Sentiment: The company is launching a Phase 1 study of an early Alzheimer’s disease antibody. Although the program remains highly experimental, it adds another potential long-term growth opportunity to BMY’s pipeline. Early Alzheimer’s Antibody Study
• Positive Sentiment: Strong Eliquis performance is helping offset declines in BMY’s older products facing generic pressure, supporting a more favorable 2026 revenue outlook. Elevated call-option activity also signals increased bullish interest, though it is not a fundamental guarantee. Eliquis and Legacy Portfolio Analysis
• Neutral Sentiment: Early clinical work on navlimetostat shows continued pipeline activity, but the Phase 1-stage program has not yet produced efficacy data that would materially change near-term earnings expectations. Navlimetostat Study Update
• Negative Sentiment: Generic competition remains a key risk for BMY’s legacy portfolio. Investors must determine whether Eliquis growth and newer pipeline assets can replace revenue lost as established medicines face erosion. Legacy Portfolio Erosion Analysis

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BMY. Citigroup reaffirmed a "neutral" rating and set a $70.00 price target (up from $66.00) on shares of Bristol Myers Squibb in a research note on Monday, August 3rd. Wall Street Zen raised shares of Bristol Myers Squibb from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 27th. JPMorgan Chase & Co. increased their price objective on shares of Bristol Myers Squibb from $67.00 to $73.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. TD Cowen began coverage on Bristol Myers Squibb in a report on Wednesday, August 5th. They issued a "buy" rating for the company. Finally, Jefferies Financial Group cut shares of Bristol Myers Squibb from a "buy" rating to a "hold" rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Bristol Myers Squibb has a consensus rating of "Moderate Buy" and an average target price of $66.06.

Bristol Myers Squibb Price Performance

Shares of NYSE BMY opened at $67.06 on Friday. The stock has a market cap of $136.98 billion, a P/E ratio of 14.77, a P/E/G ratio of 0.17 and a beta of 0.22. The firm's 50-day simple moving average is $60.55 and its 200 day simple moving average is $59.37. Bristol Myers Squibb Company has a fifty-two week low of $42.52 and a fifty-two week high of $68.64. The company has a quick ratio of 1.38, a current ratio of 1.53 and a debt-to-equity ratio of 1.89.

Bristol Myers Squibb (NYSE:BMY - Get Free Report) last released its earnings results on Thursday, July 30th. The biopharmaceutical company reported $2.04 EPS 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 firm 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. Bristol Myers Squibb's quarterly 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. Equities analysts expect that Bristol Myers Squibb Company will post 6.95 EPS for the current year.

Bristol Myers Squibb Announces Dividend

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

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.

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.

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