As Bristol Myers Squibb Co (BMY) Share Value Declined, Holder Symphony Asset Management Has Lifted Holding; Intl Paper Co (IP) Holder Intersect Capital Upped Its Position by $335,832

January 20, 2018 - By Hazel Jackson

Intersect Capital Llc increased its stake in Intl Paper Co (IP) by 34.03% based on its latest 2017Q3 regulatory filing with the SEC. Intersect Capital Llc bought 5,997 shares as the company’s stock declined 1.99% while stock markets rallied. The institutional investor held 23,619 shares of the paper company at the end of 2017Q3, valued at $1.34 million, up from 17,622 at the end of the previous reported quarter. Intersect Capital Llc who had been investing in Intl Paper Co for a number of months, seems to be bullish on the $26.22 billion market cap company. The stock increased 1.41% or $0.88 during the last trading session, reaching $63.5. About 3.13 million shares traded or 56.13% up from the average. International Paper Company (NYSE:IP) has risen 26.95% since January 20, 2017 and is uptrending. It has outperformed by 10.25% the S&P500.

Symphony Asset Management Llc increased its stake in Bristol Myers Squibb Co (BMY) by 214.18% based on its latest 2017Q3 regulatory filing with the SEC. Symphony Asset Management Llc bought 26,865 shares as the company’s stock declined 1.04% while stock markets rallied. The institutional investor held 39,408 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $2.51M, up from 12,543 at the end of the previous reported quarter. Symphony Asset Management Llc who had been investing in Bristol Myers Squibb Co for a number of months, seems to be bullish on the $101.93 billion market cap company. The stock increased 0.73% or $0.45 during the last trading session, reaching $62.28. About 7.49M shares traded or 32.48% up from the average. Bristol-Myers Squibb Company (NYSE:BMY) has declined 23.19% since January 20, 2017 and is downtrending. It has underperformed by 39.89% the S&P500.

Since August 1, 2017, it had 0 buys, and 1 sale for $57,654 activity.

Among 16 analysts covering International Paper Company (NYSE:IP), 9 have Buy rating, 2 Sell and 5 Hold. Therefore 56% are positive. International Paper Company had 64 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Macquarie Research given on Tuesday, November 10. The firm earned “Neutral” rating on Thursday, April 28 by Credit Suisse. The firm has “Hold” rating by KeyBanc Capital Markets given on Tuesday, July 11. Jefferies downgraded it to “Hold” rating and $47 target in Tuesday, May 3 report. The company was downgraded on Tuesday, October 18 by Macquarie Research. The rating was initiated by Goldman Sachs with “Neutral” on Thursday, September 22. Goldman Sachs upgraded the stock to “Buy” rating in Thursday, July 13 report. The rating was maintained by RBC Capital Markets on Wednesday, July 19 with “Buy”. As per Monday, August 14, the company rating was upgraded by DA Davidson. Wells Fargo maintained the stock with “Buy” rating in Friday, September 22 report.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.08, from 1.03 in 2017Q2. It dropped, as 37 investors sold IP shares while 252 reduced holdings. 76 funds opened positions while 199 raised stakes. 333.87 million shares or 1.34% less from 338.41 million shares in 2017Q2 were reported. American Century Companies accumulated 419,932 shares. Liberty Mutual Gru Asset Inc owns 18,507 shares. Mastrapasqua Asset stated it has 0.1% in International Paper Company (NYSE:IP). Fidelity Natl has 4.92% invested in International Paper Company (NYSE:IP) for 395,001 shares. Moreover, Green Square Cap Ltd Llc has 1.22% invested in International Paper Company (NYSE:IP) for 119,225 shares. Hennessy Advsr holds 0.17% in International Paper Company (NYSE:IP) or 99,100 shares. Stevens Cap Mgmt LP holds 0.14% in International Paper Company (NYSE:IP) or 65,821 shares. Bokf Na invested in 0.07% or 42,134 shares. Folger Nolan Fleming Douglas Management stated it has 0.05% of its portfolio in International Paper Company (NYSE:IP). Thrivent For Lutherans reported 27,944 shares. Keybank Association Oh owns 17,452 shares or 0.01% of their US portfolio. Grassi Inv Mgmt stated it has 106,170 shares. Commonwealth Equity Svcs reported 135,927 shares or 0.05% of all its holdings. Kentucky Retirement System stated it has 0.11% of its portfolio in International Paper Company (NYSE:IP). Reliance Of Delaware reported 0.1% of its portfolio in International Paper Company (NYSE:IP).

Since September 6, 2017, it had 1 buying transaction, and 2 selling transactions for $646,385 activity. Another trade for 5,300 shares valued at $335,172 was sold by Lynch Thomas J. Jr.. On Friday, December 15 Samuels Theodore R. II bought $249,187 worth of Bristol-Myers Squibb Company (NYSE:BMY) or 4,000 shares.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.08, from 0.95 in 2017Q2. It is positive, as 62 investors sold BMY shares while 519 reduced holdings. 137 funds opened positions while 460 raised stakes. 1.11 billion shares or 0.68% more from 1.10 billion shares in 2017Q2 were reported. Aperio Grp Inc Limited Liability Company invested in 0.31% or 854,457 shares. The Colorado-based Ghp Inv has invested 0.05% in Bristol-Myers Squibb Company (NYSE:BMY). Seizert Capital Partners Limited Liability reported 0.01% in Bristol-Myers Squibb Company (NYSE:BMY). E&G Advisors LP accumulated 6,316 shares. Perkins Cap has 17,525 shares. Bessemer Group invested 0.45% in Bristol-Myers Squibb Company (NYSE:BMY). Rampart Investment Mgmt Communication Lc reported 22,544 shares. Da Davidson And has invested 0.26% in Bristol-Myers Squibb Company (NYSE:BMY). Channing Cap Management Lc, Illinois-based fund reported 85,701 shares. Roffman Miller Assoc Pa has invested 0.07% in Bristol-Myers Squibb Company (NYSE:BMY). Cambridge Inv Rech Advsr holds 0.16% or 188,137 shares. Altrinsic Global Advisors Ltd accumulated 7,003 shares or 0.02% of the stock. The New Jersey-based Dumont & Blake Invest Ltd Liability Corp has invested 0.63% in Bristol-Myers Squibb Company (NYSE:BMY). Amp Invsts Limited, a Australia-based fund reported 801,325 shares. Parallax Volatility Advisers Ltd Partnership accumulated 14,173 shares.

Symphony Asset Management Llc, which manages about $16.99 billion and $899.03M US Long portfolio, decreased its stake in Veeco Instrs Inc Del Com (NASDAQ:VECO) by 20,745 shares to 25,659 shares, valued at $549,000 in 2017Q3, according to the filing. It also reduced its holding in Amgen Inc Com (NASDAQ:AMGN) by 1,690 shares in the quarter, leaving it with 16,187 shares, and cut its stake in Waste Connections Inc.

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 69 analyst reports since July 28, 2015 according to SRatingsIntel. Leerink Swann maintained Bristol-Myers Squibb Company (NYSE:BMY) on Thursday, July 27 with “Buy” rating. The rating was maintained by Jefferies with “Buy” on Wednesday, August 23. Jefferies maintained the stock with “Hold” rating in Thursday, July 14 report. The firm earned “Hold” rating on Thursday, July 27 by Piper Jaffray. SunTrust maintained the shares of BMY in report on Monday, October 16 with “Hold” rating. The stock of Bristol-Myers Squibb Company (NYSE:BMY) has “Underweight” rating given on Monday, August 24 by Piper Jaffray. BMO Capital Markets maintained Bristol-Myers Squibb Company (NYSE:BMY) on Monday, June 5 with “Sell” rating. The stock of Bristol-Myers Squibb Company (NYSE:BMY) has “Buy” rating given on Friday, April 29 by UBS. The company was maintained on Friday, October 27 by Credit Suisse. The rating was maintained by BMO Capital Markets with “Sell” on Sunday, July 23.

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