Bristol Myers Squibb Co (BMY) Market Valuation Declined While Princeton Capital Management Has Lifted Holding by $1.20 Million; Schwab Charles Investment Management Upped Its Stake in Park Natl (PRK) by $718,528 as Market Value Declined

November 15, 2017 - By Dolores Ford

Princeton Capital Management Inc increased its stake in Bristol Myers Squibb Co (BMY) by 24.29% based on its latest 2017Q2 regulatory filing with the SEC. Princeton Capital Management Inc bought 21,768 shares as the company’s stock declined 1.04% while stock markets rallied. The institutional investor held 111,386 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $6.21 million, up from 89,618 at the end of the previous reported quarter. Princeton Capital Management Inc who had been investing in Bristol Myers Squibb Co for a number of months, seems to be bullish on the $100.25B market cap company. The stock declined 0.90% or $0.55 reaching $60.7 on the news. About 41,506 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.

Schwab Charles Investment Management Inc increased its stake in Park Natl Corp (PRK) by 9.26% based on its latest 2017Q2 regulatory filing with the SEC. Schwab Charles Investment Management Inc bought 6,976 shares as the company’s stock declined 7.02% while stock markets rallied. The institutional investor held 82,299 shares of the major banks company at the end of 2017Q2, valued at $8.54M, up from 75,323 at the end of the previous reported quarter. Schwab Charles Investment Management Inc who had been investing in Park Natl Corp for a number of months, seems to be bullish on the $1.63 billion market cap company. It closed at $106.32 lastly. It is down 11.77% since November 15, 2016 and is uptrending. It has underperformed by 4.93% the S&P500.

More news for Park National Corporation (NYSEAMERICAN:PRK) were recently published by: Nasdaq.com, which released: “Park National Corporation reports third quarter 2017 financial results” on October 23, 2017. Seekingalpha.com‘s article titled: “Park National: Population Growth And Expense Control Make For A Prime …” and published on October 17, 2017 is yet another important article.

Schwab Charles Investment Management Inc, which manages about $106.43 billion US Long portfolio, decreased its stake in Lpl Finl Hldgs Inc (NASDAQ:LPLA) by 151,584 shares to 376,849 shares, valued at $16.00M in 2017Q2, according to the filing. It also reduced its holding in Tetra Technologies Inc Del (NYSE:TTI) by 349,780 shares in the quarter, leaving it with 917,613 shares, and cut its stake in Spectrum Pharmaceuticals Inc (NASDAQ:SPPI).

Princeton Capital Management Inc, which manages about $137.80 million and $158.69 million US Long portfolio, decreased its stake in Corning Inc (NYSE:GLW) by 34,020 shares to 178,385 shares, valued at $5.36M in 2017Q2, according to the filing. It also reduced its holding in Cisco Systems Inc (NASDAQ:CSCO) by 56,337 shares in the quarter, leaving it with 110,958 shares, and cut its stake in Universal Display Corp (NASDAQ:OLED).

Investors sentiment decreased to 0.95 in Q2 2017. Its down 0.03, from 0.98 in 2017Q1. It turned negative, 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. 8,887 are held by Vigilant Cap Management Ltd Liability. Marathon has invested 0.16% in Bristol-Myers Squibb Co (NYSE:BMY). Argent has invested 0.19% in Bristol-Myers Squibb Co (NYSE:BMY). Hedeker Wealth Ltd Liability Company invested in 18,996 shares. Gemmer Asset Mngmt Limited Liability Corp has 3,711 shares for 0.09% of their portfolio. Vanguard Incorporated has invested 0.33% in Bristol-Myers Squibb Co (NYSE:BMY). Nippon Life Insur Co holds 0.09% or 81,112 shares. Terril Brothers holds 10.14% or 511,634 shares. Lau Assocs Ltd Llc holds 0.39% or 8,700 shares. Summit Asset Management Lc stated it has 7,382 shares. Nottingham holds 0.04% or 4,500 shares in its portfolio. Gamco Invsts Et Al holds 0.17% or 466,082 shares in its portfolio. Chesley Taft And Associate Lc has 0.04% invested in Bristol-Myers Squibb Co (NYSE:BMY) for 7,650 shares. Ledyard Comml Bank stated it has 28,991 shares. Moreover, Hartford Invest Mgmt Com has 0.39% invested in Bristol-Myers Squibb Co (NYSE:BMY) for 367,313 shares.

More notable recent Bristol-Myers Squibb Co (NYSE:BMY) news were published by: Gurufocus.com which released: “Sheaff Brock Investment Advisors, LLC Buys DowDuPont Inc, AT&T Inc, Bristol …” on November 14, 2017, also Economictimes.Indiatimes.com with their article: “Biocon arm widens partnership terms with Bristol-Myers Squibb” published on November 14, 2017, Investorplace.com published: “Bristol-Myers Squibb Co (BMY) Ranking Raised to Buy on Superior Earnings …” on October 20, 2017. More interesting news about Bristol-Myers Squibb Co (NYSE:BMY) were released by: Medgadget.com and their article: “Kaposi Sarcoma – Companies Involved in Therapeutics Development Aphios Corp …” published on November 15, 2017 as well as Marketwatch.com‘s news article titled: “Bristol-Myers Squibb shares decline 2% on Q3 profit miss, revenue beat …” with publication date: October 26, 2017.

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