Harbour Investment Management Has Lowered Snap (SNA) Holding as Shares Declined; As Bristol (BMY) Stock Declined, First Financial Bank – Trust Division Has Trimmed Its Position by $1.33 Million

August 10, 2018 - By Carolyn Hewitt

Bristol-Myers Squibb Company (NYSE:BMY) Logo

First Financial Bank – Trust Division decreased its stake in Bristol (BMY) by 53.86% based on its latest 2018Q1 regulatory filing with the SEC. First Financial Bank – Trust Division sold 21,079 shares as the company’s stock declined 23.11% with the market. The institutional investor held 18,059 shares of the major pharmaceuticals company at the end of 2018Q1, valued at $1.14 million, down from 39,138 at the end of the previous reported quarter. First Financial Bank – Trust Division who had been investing in Bristol for a number of months, seems to be less bullish one the $97.15 billion market cap company. The stock decreased 1.06% or $0.64 during the last trading session, reaching $59.53. About 4.00 million shares traded. Bristol-Myers Squibb Company (NYSE:BMY) has declined 2.98% since August 10, 2017 and is downtrending. It has underperformed by 15.55% the S&P500. Some Historical BMY News: 23/05/2018 – Official strategy to improve worker output called into doubt by research Bristol City boasts cluster of high-skill industries; 08/03/2018 – Rhode Island DoA: Bristol Housing Authority Thu, 3/8/2018, 10:00 AM; 20/03/2018 – Rhode Island DoA: Bristol Technical Review Committee Tue, 3/20/2018, 4:00 PM; 05/04/2018 – Mike Bristol Joins Symphony RetailAl as Vice President Personalized Marketing; 06/03/2018 – Bristol-Myers: Opdivo Also Now Approved for Shorter 30-Minute Infusions; 09/04/2018 – CANADA OKS TECENTRIQ FOR METASTATIC NON-SMALL CELL LUNG CANCER; 26/04/2018 – Bristol-Myers Cuts 2018 View To EPS $2.70-EPS $2.80; 23/03/2018 – lpsen Receives Positive CHMP Opinion for Cabometyx® (cabozantinib) for the First-Line Treatment of Adults with Intermediate- or Poor- Risk Advanced Renal Cell Carcinoma; 19/03/2018 – Rhode Island DoA: Bristol Warren Regional School District Mon, 3/19/2018, 7:00 PM; 30/04/2018 – $BMY gives up on its own IDOi from $800M Flexus acquisition Two Ph3 trials just terminated

Harbour Investment Management Llc decreased its stake in Snap (SNA) by 42.86% based on its latest 2018Q1 regulatory filing with the SEC. Harbour Investment Management Llc sold 6,945 shares as the company’s stock declined 5.58% with the market. The institutional investor held 9,260 shares of the industrial machinery and components company at the end of 2018Q1, valued at $1.46M, down from 16,205 at the end of the previous reported quarter. Harbour Investment Management Llc who had been investing in Snap for a number of months, seems to be less bullish one the $9.68B market cap company. The stock increased 0.67% or $1.14 during the last trading session, reaching $171.55. About 788,211 shares traded or 29.82% up from the average. Snap-on Incorporated (NYSE:SNA) has declined 5.60% since August 10, 2017 and is downtrending. It has underperformed by 18.17% the S&P500. Some Historical SNA News: 23/04/2018 – Snap-On CEO Sees Expansion Opportunities in Mining, Aviation (Video); 19/04/2018 – Snap-On 1Q Rev $1.02B; 19/04/2018 – Snap-On 1Q EPS $2.82; 16/04/2018 – Snap-On Inc expected to post earnings of $2.72 a share – Earnings Preview; 26/04/2018 – SNAP-ON INC SNA.N SETS QUARTERLY DIVIDEND OF $0.82/SHR; 19/04/2018 – Snap-on’s gains made it the biggest gainer in the S&P 500 on Thursday morning; 19/04/2018 – Snap-on Inc. 1Q Net Income Rises 15%; 06/04/2018 – Snap-on to Webcast Annual Shareholder Meeting Live Via the Internet; 22/04/2018 – DJ Snap-on Incorporated, Inst Holders, 1Q 2018 (SNA)

Among 10 analysts covering Snap-on (NYSE:SNA), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Snap-on had 34 analyst reports since August 20, 2015 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $17500 target in Thursday, July 6 report. On Friday, November 3 the stock rating was maintained by Jefferies with “Hold”. As per Friday, February 9, the company rating was maintained by Northcoast. Northcoast maintained Snap-on Incorporated (NYSE:SNA) rating on Monday, April 23. Northcoast has “Buy” rating and $17800 target. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, April 11 report. The stock of Snap-on Incorporated (NYSE:SNA) has “Buy” rating given on Tuesday, August 1 by Robert W. Baird. As per Tuesday, October 20, the company rating was initiated by Jefferies. Jefferies maintained the shares of SNA in report on Tuesday, May 30 with “Hold” rating. The firm has “Buy” rating given on Tuesday, June 27 by Oppenheimer. Oppenheimer maintained the shares of SNA in report on Thursday, July 20 with “Buy” rating.

Investors sentiment increased to 1.1 in 2018 Q1. Its up 0.03, from 1.07 in 2017Q4. It increased, as 45 investors sold SNA shares while 167 reduced holdings. 63 funds opened positions while 171 raised stakes. 66.71 million shares or 3.35% less from 69.02 million shares in 2017Q4 were reported. Keybank Association Oh holds 2,756 shares or 0% of its portfolio. Palo holds 689 shares or 0.7% of its portfolio. Dorsey Whitney Trust Ltd Liability Corporation stated it has 0.37% of its portfolio in Snap-on Incorporated (NYSE:SNA). Sphera Funds Mgmt Ltd invested 0.03% of its portfolio in Snap-on Incorporated (NYSE:SNA). New York State Common Retirement Fund has invested 0.07% in Snap-on Incorporated (NYSE:SNA). Thompson Siegel And Walmsley Ltd Co holds 0% of its portfolio in Snap-on Incorporated (NYSE:SNA) for 30 shares. San Francisco Sentry Grp Inc (Ca) holds 136 shares or 0.01% of its portfolio. 120,202 are owned by Nomura Asset Mngmt Company. Parkside Bank & holds 0.02% or 361 shares in its portfolio. Orca Inv Mgmt Limited Liability Company reported 2.57% of its portfolio in Snap-on Incorporated (NYSE:SNA). Zeke Capital Advsrs Ltd Llc owns 4,914 shares. Nomura Holdg Inc stated it has 16,043 shares. Vanguard Gru accumulated 5.66 million shares. Apg Asset Mngmt Nv holds 0.01% or 53,848 shares. Alps Advsrs holds 0% or 3,164 shares in its portfolio.

Analysts await Snap-on Incorporated (NYSE:SNA) to report earnings on October, 18. They expect $2.84 earnings per share, up 15.92% or $0.39 from last year’s $2.45 per share. SNA’s profit will be $160.19 million for 15.10 P/E if the $2.84 EPS becomes a reality. After $3.11 actual earnings per share reported by Snap-on Incorporated for the previous quarter, Wall Street now forecasts -8.68% negative EPS growth.

Since February 15, 2018, it had 0 insider buys, and 7 insider sales for $34.64 million activity. On Thursday, February 15 JONES NATHAN J sold $125,750 worth of Snap-on Incorporated (NYSE:SNA) or 774 shares. Shares for $15.40 million were sold by KASSOUF THOMAS L.. 35,500 shares were sold by Banerjee Anup R, worth $6.11 million on Thursday, July 19. Ward Thomas J had sold 5,743 shares worth $918,460 on Thursday, February 15. Shur Irwin M also sold $2.19 million worth of Snap-on Incorporated (NYSE:SNA) on Thursday, June 7.

Since April 30, 2018, it had 1 insider purchase, and 0 sales for $249,948 activity.

Investors sentiment decreased to 0.83 in Q1 2018. Its down 0.11, from 0.94 in 2017Q4. It dived, as 64 investors sold BMY shares while 573 reduced holdings. 111 funds opened positions while 418 raised stakes. 1.12 billion shares or 1.08% more from 1.11 billion shares in 2017Q4 were reported. Boston Advsrs Lc holds 364,279 shares or 0.59% of its portfolio. Royal Bank & Trust Of Canada invested in 0.16% or 5.59 million shares. Clean Yield invested 0.17% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). Marietta Investment Prns Limited Liability has 10,300 shares for 0.2% of their portfolio. Rothschild Inv Corporation Il has 0.62% invested in Bristol-Myers Squibb Company (NYSE:BMY). Amica Mutual Com has invested 0.43% in Bristol-Myers Squibb Company (NYSE:BMY). Chesapeake Asset reported 3,891 shares. Tiaa Cref Investment Mngmt Limited Co holds 0.38% or 8.93 million shares. Prudential Inc holds 0.26% or 2.72M shares. Welch & Forbes Limited Liability Company holds 0.37% or 229,778 shares. Burns J W And Incorporated Ny has 141,200 shares for 2.29% of their portfolio. First Amer Bankshares, a Illinois-based fund reported 26,095 shares. Norway-based Dnb Asset As has invested 0% in Bristol-Myers Squibb Company (NYSE:BMY). Puzo Michael J stated it has 16,600 shares or 0.45% of all its holdings. Focused Wealth Mgmt holds 12,025 shares or 0.24% of its portfolio.

First Financial Bank – Trust Division, which manages about $612.90M US Long portfolio, upped its stake in Ishares (IWM) by 2,011 shares to 276,276 shares, valued at $41.95M in 2018Q1, according to the filing. It also increased its holding in Eaton Corporation Plc Ie Ireland (NYSE:ETN) by 19,018 shares in the quarter, for a total of 51,623 shares, and has risen its stake in Ishares (IEMG).

Analysts await Bristol-Myers Squibb Company (NYSE:BMY) to report earnings on October, 25. They expect $0.89 earnings per share, up 18.67% or $0.14 from last year’s $0.75 per share. BMY’s profit will be $1.45 billion for 16.72 P/E if the $0.89 EPS becomes a reality. After $1.01 actual earnings per share reported by Bristol-Myers Squibb Company for the previous quarter, Wall Street now forecasts -11.88% negative EPS growth.

Among 22 analysts covering Bristol-Myers Squibb Company (NYSE:BMY), 6 have Buy rating, 1 Sell and 15 Hold. Therefore 27% are positive. Bristol-Myers Squibb Company had 90 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Sunday, July 23 by BMO Capital Markets. The company was maintained on Monday, July 23 by BMO Capital Markets. BMO Capital Markets maintained Bristol-Myers Squibb Company (NYSE:BMY) on Monday, November 13 with “Sell” rating. The stock has “Neutral” rating by Credit Suisse on Friday, October 27. Jefferies maintained the shares of BMY in report on Tuesday, March 15 with “Hold” rating. BMO Capital Markets maintained Bristol-Myers Squibb Company (NYSE:BMY) rating on Friday, July 28. BMO Capital Markets has “Underperform” rating and $49 target. The company was maintained on Monday, May 9 by Credit Suisse. BMO Capital Markets maintained it with “Underperform” rating and $51 target in Tuesday, February 6 report. The stock of Bristol-Myers Squibb Company (NYSE:BMY) has “Neutral” rating given on Monday, May 23 by Hilliard Lyons. UBS maintained it with “Buy” rating and $70 target in Friday, August 19 report.

More notable recent Bristol-Myers Squibb Company (NYSE:BMY) news were published by: Nasdaq.com which released: “Report: Developing Opportunities within Cytosorbents, Nasdaq, Mastercard, Maxim Integrated Products, Bristol-Myers …” on August 08, 2018, also Forbes.com with their article: “A Ramp Up In Opdivo And Eliquis Sales Will Drive Bristol-Myers Squibb’s Future Growth” published on July 30, 2018, Seekingalpha.com published: “BeiGene launches late-stage study of tislelizumab in first-line lung cancer” on August 09, 2018. More interesting news about Bristol-Myers Squibb Company (NYSE:BMY) were released by: Seekingalpha.com and their article: “Premarket analyst action – healthcare” published on August 08, 2018 as well as Benzinga.com‘s news article titled: “Q2 Earnings Preview For Bristol-Myers Squibb” with publication date: July 25, 2018.

Snap-on Incorporated (NYSE:SNA) Institutional Positions Chart

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