Horan Capital Management Has Lifted Bristol (BMY) Holding By $7.82 Million; Hgk Asset Management Has Decreased Its Bank Of America Cor (BAC) Position

November 15, 2017 - By Nellie Frank

Horan Capital Management increased Bristol (BMY) stake by 141.17% reported in 2017Q2 SEC filing. Horan Capital Management acquired 142,170 shares as Bristol (BMY)’s stock declined 1.04%. The Horan Capital Management holds 242,881 shares with $13.53M value, up from 100,711 last quarter. Bristol now has $99.22 billion valuation. The stock declined 1.03% or $0.63 reaching $60.62 on the news. About 276,390 shares traded. Bristol-Myers Squibb Co (NYSE:BMY) has declined 23.19% since November 15, 2016 and is downtrending. It has underperformed by 39.89% the S&P500.

Hgk Asset Management Inc decreased Bank Of America Cor (BAC) stake by 5.65% reported in 2017Q2 SEC filing. Hgk Asset Management Inc sold 34,250 shares as Bank Of America Cor (BAC)’s stock declined 6.00%. The Hgk Asset Management Inc holds 571,899 shares with $13.87M value, down from 606,149 last quarter. Bank Of America Cor now has $275.42B valuation. The stock rose 0.63% or $0.17 reaching $26.41. About 16.60 million shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since November 15, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.03, from 0.98 in 2017Q1. It dived, as 78 investors sold BMY shares while 520 reduced holdings. 120 funds opened positions while 451 raised stakes. 1.10 billion shares or 2.26% less from 1.12 billion shares in 2017Q1 were reported. Silvercrest Asset Management Grp Limited Co holds 0.11% in Bristol-Myers Squibb Co (NYSE:BMY) or 181,031 shares. Bp Plc accumulated 191,000 shares. California State Teachers Retirement System holds 3.10M shares or 0.37% of its portfolio. Ngam Lp reported 120,471 shares stake. 57,093 were reported by Canandaigua Comml Bank & Tru. 450,061 are held by Sg Americas Securities Ltd Liability. Moreover, Perkins Coie Trust has 0.09% invested in Bristol-Myers Squibb Co (NYSE:BMY) for 3,084 shares. Moreover, Carret Asset Ltd Co has 0.39% invested in Bristol-Myers Squibb Co (NYSE:BMY) for 41,342 shares. Obermeyer Wood Inv Counsel Lllp reported 0.07% in Bristol-Myers Squibb Co (NYSE:BMY). Rothschild Asset Management stated it has 0.02% of its portfolio in Bristol-Myers Squibb Co (NYSE:BMY). Aull & Monroe holds 0.62% or 20,675 shares. Comerica Securities has invested 0.04% in Bristol-Myers Squibb Co (NYSE:BMY). The Missouri-based First Heartland Consultants has invested 0.1% in Bristol-Myers Squibb Co (NYSE:BMY). Exxonmobil Invest Mngmt Inc Tx invested 0.44% of its portfolio in Bristol-Myers Squibb Co (NYSE:BMY). 1St Global Advisors holds 0.39% or 60,139 shares.

Among 19 analysts covering Bristol-Myers Squibb Company (NYSE:BMY), 6 have Buy rating, 3 Sell and 10 Hold. Therefore 32% are positive. Bristol-Myers Squibb Company had 67 analyst reports since July 28, 2015 according to SRatingsIntel. On Wednesday, October 25 the stock rating was maintained by Citigroup with “Buy”. UBS maintained Bristol-Myers Squibb Co (NYSE:BMY) on Friday, April 29 with “Buy” rating. The firm has “Hold” rating by Jefferies given on Thursday, July 14. SunTrust upgraded the shares of BMY in report on Monday, October 30 to “Buy” rating. Cowen & Co maintained the shares of BMY in report on Monday, September 18 with “Hold” rating. Leerink Swann maintained it with “Outperform” rating and $72 target in Monday, October 23 report. The firm earned “Market Perform” rating on Monday, January 25 by BMO Capital Markets. Credit Suisse maintained the stock with “Hold” rating in Wednesday, August 16 report. On Friday, January 22 the stock rating was upgraded by Berenberg to “Buy”. The company was maintained on Monday, July 17 by Deutsche Bank.

Analysts await Bank of America Corp (NYSE:BAC) to report earnings on January, 12. They expect $0.47 EPS, up 17.50% or $0.07 from last year’s $0.4 per share. BAC’s profit will be $4.90B for 14.05 P/E if the $0.47 EPS becomes a reality. After $0.48 actual EPS reported by Bank of America Corp for the previous quarter, Wall Street now forecasts -2.08% negative EPS growth.

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By1 Nellie Frank

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