The Question Is Whether To Buy Or Not To Buy Bristol-Myers Squibb Co. (NYSE: BMY)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Bristol Myers Squibb Announces Dividend.

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Stocks Info

Bristol-Myers Squibb Co. is listed on the NYSE as a member of the Healthcare sector and is a part of the Drug Manufacturers – General industry. The current market capitalization of Bristol-Myers Squibb Co. is $104.79B. A total of 15.1 million shares were traded on the day, compared to an average of 15.29M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BMY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 85 BUYs and 51 SELLs from insiders. Insiders purchased 708,048 shares during that period but sold 423,399.

In the most recent transaction, BOERNER CHRISTOPHER S. bought 2,000 shares of BMY for 49.78 per share on Dec 05. After the transaction, the Chief Executive Officer now owns 82,672 company shares. In a previous transaction on Nov 28, BOERNER CHRISTOPHER S. bought 3,071 shares at 48.86 per share. BMY shares that Chief Executive Officer owns now total 79,384.

Among the insiders who bought shares, Samuels Theodore R. II acquired of 8,500 shares on Nov 20 at a per-share price of $49.81. This resulted in the Director holding 35,500 shares of BMY after the transaction. In another insider transaction, Powell Ann sold 17,986 shares at $61.25 per share on Aug 24. Company shares held by the EVP, Chief Human Resources now total 27,868.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Bristol-Myers Squibb Co. pays an annual dividend of $2.31, resulting in a dividend yield of 4.46%, and it has a price to earnings (P/E) ratio of 13.43. BMY’s most recent ex-dividend date was 4/4/2024 when it declared a $0.60 quarterly dividend that was paid in cash on 5/1/2024. Previously, the company paid the dividend on 2/1/2024 with an ex-dividend date of 1/4/2024. The BMY stock dividend was $0.60 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, BMY has a high of $71.07 and a low of $47.58.

As of this writing, BMY has an earnings estimate of $1.58 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.94 per share and a lower estimate of $1.3. The company reported an EPS of $1.82 in the last quarter, which was 13.00% higher than expectations of $1.61.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BMY’s latest balance sheet shows that the firm has $17.22B in Cash & Short Term Investments as of fiscal 2021. There were $45.60B in debt and $21.87B in liabilities at the time. Its Book Value Per Share was $14.56, while its Total Shareholder’s Equity was $36.01B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BMY is Buy with a score of 3.29.

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