Candriam S.C.A. Cuts Stake in Bristol Myers Squibb Company $BMY

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Candriam S.C.A. reduced its stake in Bristol Myers Squibb Company (NYSE:BMY) by 10.5% in the third quarter, selling 105,641 shares, bringing its total ownership to 897,263 shares valued at approximately $40.47 million. Despite this, other institutional investors increased their positions, and 76.41% of the stock is held by hedge funds and institutions. The biopharmaceutical company recently reported Q4 revenue of $12.50 billion and issued upbeat FY 2026 guidance, with analysts anticipating 6.74 EPS for the current year.

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