Is Bristol Myers Squibb Co. (BMY) Going to Burn These Hedge Funds?

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Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Bristol Myers Squibb Co. (NYSE:BMY) but similarly valued. These stocks are Altria Group Inc (NYSE:MO), UnitedHealth Group Inc. (NYSE:UNH), Sanofi SA (ADR) (NYSE:SNY), and TOTAL S.A. (ADR) (NYSE:TOT). This group of stocks’ market caps are similar to BMY’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
MO 42 1645115 1
UNH 50 2802929 -1
SNY 31 957411 1
TOT 10 57660 -6

As you can see these stocks had an average of 33 hedge funds with bullish positions and the average amount invested in these stocks was $1.37 billion. That figure was $3.10 billion in BMY’s case. UnitedHealth Group Inc. (NYSE:UNH) is the most popular stock in this table. On the other hand TOTAL S.A. (ADR) (NYSE:TOT) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks Bristol Myers Squibb Co. (NYSE:BMY) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

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