Jump Trading Has Lowered Bristol (BMY) Holding by $1.28 Million as Stock Declined; Travelers Companies Trimmed Its Kinder Morgan Class P (KMI) Stake by $14.39 Million

January 23, 2018 - By Stephen Andrade

Jump Trading Llc decreased its stake in Bristol (BMY) by 60.06% based on its latest 2017Q3 regulatory filing with the SEC. Jump Trading Llc sold 20,300 shares as the company’s stock declined 1.04% while stock markets rallied. The institutional investor held 13,500 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $860,000, down from 33,800 at the end of the previous reported quarter. Jump Trading Llc who had been investing in Bristol for a number of months, seems to be less bullish one the $103.95B market cap company. The stock increased 0.36% or $0.23 during the last trading session, reaching $63.51. About 4.70 million shares traded. Bristol-Myers Squibb Company (NYSE:BMY) has declined 23.19% since January 23, 2017 and is downtrending. It has underperformed by 39.89% the S&P500.

Travelers Companies Inc decreased its stake in Kinder Morgan Inc Class P (KMI) by 48.97% based on its latest 2017Q3 regulatory filing with the SEC. Travelers Companies Inc sold 757,410 shares as the company’s stock declined 10.34% while stock markets rallied. The institutional investor held 789,126 shares of the public utilities company at the end of 2017Q3, valued at $15.14 million, down from 1.55 million at the end of the previous reported quarter. Travelers Companies Inc who had been investing in Kinder Morgan Inc Class P for a number of months, seems to be less bullish one the $43.54 billion market cap company. The stock decreased 0.69% or $0.135 during the last trading session, reaching $19.495. About 17.17M shares traded or 18.71% up from the average. Kinder Morgan, Inc. (NYSE:KMI) has risen 13.09% since January 23, 2017 and is uptrending. It has underperformed by 3.61% the S&P500.

Since September 6, 2017, it had 1 buying transaction, and 2 selling transactions for $646,385 activity. Caldarella Joseph C sold $560,400 worth of stock or 9,340 shares. 5,300 shares were sold by Lynch Thomas J. Jr., worth $335,172 on Tuesday, December 12.

Analysts await Bristol-Myers Squibb Company (NYSE:BMY) to report earnings on January, 25. They expect $0.67 earnings per share, up 6.35% or $0.04 from last year’s $0.63 per share. BMY’s profit will be $1.10 billion for 23.70 P/E if the $0.67 EPS becomes a reality. After $0.75 actual earnings per share reported by Bristol-Myers Squibb Company for the previous quarter, Wall Street now forecasts -10.67% negative EPS growth.

Jump Trading Llc, which manages about $553.48 million US Long portfolio, upped its stake in Amazon.Com Inc (Put) (NASDAQ:AMZN) by 1,700 shares to 8,300 shares, valued at $7.98M in 2017Q3, according to the filing. It also increased its holding in At&T Inc (Call) (NYSE:T) by 49,700 shares in the quarter, for a total of 74,200 shares, and has risen its stake in Vaneck Vectors Gold Miners Etf (Call).

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. The rating was maintained by Jefferies on Thursday, July 14 with “Hold”. Citigroup maintained the stock with “Buy” rating in Tuesday, September 20 report. The firm has “Buy” rating by Citigroup given on Wednesday, October 25. Jefferies maintained the shares of BMY in report on Thursday, August 27 with “Hold” rating. The firm earned “Market Perform” rating on Monday, January 25 by BMO Capital Markets. The stock has “Hold” rating by Hilliard Lyons on Tuesday, September 12. The stock of Bristol-Myers Squibb Company (NYSE:BMY) earned “Hold” rating by Cowen & Co on Monday, August 14. The rating was downgraded by Berenberg on Thursday, August 11 to “Hold”. Jefferies maintained the stock with “Buy” rating in Friday, September 15 report. On Friday, January 22 the stock rating was upgraded by Berenberg to “Buy”.

Investors sentiment increased to 1.03 in 2017 Q3. 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. Shelton Capital Mngmt reported 0.16% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). Gam Ag, Switzerland-based fund reported 147,750 shares. Glenmede Tru Communications Na stated it has 0.11% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). Jefferies Gru Ltd Liability Co reported 197,301 shares or 0.08% of all its holdings. Court Place Advsr Ltd Liability invested in 0.59% or 20,661 shares. Moreover, Goldman Sachs Inc has 0.19% invested in Bristol-Myers Squibb Company (NYSE:BMY). Gemmer Asset Mgmt owns 3,714 shares for 0.09% of their portfolio. State Street Corporation reported 0.36% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). Aspen Inv Mgmt Incorporated reported 12,501 shares. Banced Corp has invested 1.17% in Bristol-Myers Squibb Company (NYSE:BMY). Perella Weinberg Mgmt Ltd Partnership holds 0.54% or 101,546 shares in its portfolio. 61,748 were accumulated by Ontario Teachers Pension Plan Board. Shell Asset Mngmt Com stated it has 0.42% in Bristol-Myers Squibb Company (NYSE:BMY). Park Natl Corp Oh holds 0.17% or 47,524 shares. Fuller & Thaler Asset reported 17,200 shares stake.

Among 23 analysts covering Kinder Morgan (NYSE:KMI), 13 have Buy rating, 0 Sell and 10 Hold. Therefore 57% are positive. Kinder Morgan had 70 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Credit Suisse on Thursday, October 20. The company was maintained on Wednesday, October 11 by RBC Capital Markets. The stock of Kinder Morgan, Inc. (NYSE:KMI) has “Neutral” rating given on Friday, April 1 by Piper Jaffray. RBC Capital Markets downgraded Kinder Morgan, Inc. (NYSE:KMI) on Wednesday, December 9 to “Sector Perform” rating. The firm has “Buy” rating given on Monday, September 11 by BMO Capital Markets. Jefferies maintained Kinder Morgan, Inc. (NYSE:KMI) rating on Monday, October 16. Jefferies has “Hold” rating and $20.0 target. The stock of Kinder Morgan, Inc. (NYSE:KMI) earned “Hold” rating by Jefferies on Monday, August 21. The company was downgraded on Tuesday, October 4 by Stifel Nicolaus. TD Securities maintained Kinder Morgan, Inc. (NYSE:KMI) rating on Tuesday, June 20. TD Securities has “Buy” rating and $2600 target. The company was maintained on Friday, July 21 by Raymond James.

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