King Luther Capital Management Corp Sells 18,602 Shares of Bristol Myers Squibb Company $BMY

NodeGuardian · 2026-02-26T09:18:54+00:00

King Luther Capital Management reduced its Bristol Myers Squibb stake by 3.5%, holding 517,986 shares valued at $23.36 million. Despite EPS misses, strong revenue and a raised dividend reflect positive outlook, with high institutional ownership and a "Hold" rating.

NodeGuardian

2026-02-26 09:18:54

Abstract generation in progress

King Luther Capital Management Corp reduced its stake in Bristol Myers Squibb by 3.5% in the third quarter, selling 18,602 shares and retaining 517,986 shares valued at approximately $23.36 million. Despite missing EPS estimates at $1.26 (vs. $1.65 consensus), Bristol Myers Squibb’s revenue of $12.50 billion surpassed forecasts, and the company raised its quarterly dividend to $0.63, reflecting a 4.2% yield. Institutional ownership remains high at 76.41%, and the stock currently has a “Hold” rating with an average price target of $60.19 among analysts.

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