River Wealth Advisors LLC Buys Shares of 1791 IBM (IBM)

Joanna Estrada
April 17, 2018

New England Research & Management Inc. now owns 7,225 shares of the technology company's stock worth $1,148,000 after buying an additional 1,700 shares during the period. Rhumbline Advisers now owns 1,552,611 shares of the technology company's stock valued at $238,202,000 after acquiring an additional 17,235 shares during the last quarter. The stock increased 0.34% or $0.11 during the last trading session, reaching $32.26. IBM has 4.19M shares volume. IBM reached $157.89 on during the last trading session after $1.18 change.Currently International Business Machines Corporation is downtrending after 12.58% change in last April 17, 2017. IBM underperformed by 24.13% the S&P 500.

Ron Bobman decreased its stake in Universal Ins Hldgs Inc (UVE) by 5.17% based on its latest 2017Q4 regulatory filing with the SEC. The company has a market capitalization of $164.85 billion, a PE ratio of 14.12 and a beta of 0.96. About 989,454 shares traded. Wedbush maintained International Business Machines Corporation (NYSE:IBM) rating on Thursday, January 18. It has underperformed by 25.59% the S&P500.

Its stake in Keycorp (NYSE:KEY) was reduced by 185,872 shares to 225,276 shares valued at $4.54M in 2017Q4, according to the filing.

Since January 31, 2018, it had 1 insider buy, and 2 sales for $2.69 million activity.

In related news, insider Diane J. Gherson sold 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $154.66, for a total transaction of $2,010,580.00. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have assigned a buy rating to the company. Therefore 60% are positive. The firm earned "Sell" rating on Friday, January 19 by Berenberg. Societe Generale upgraded the stock to "Buy" rating in Monday, October 12 report. As per Friday, January 19, the company rating was maintained by Stifel Nicolaus. RBC Capital Markets maintained it with "Hold" rating and $16000 target in Tuesday, August 15 report. BMO Capital Markets has "Hold" rating and $170.0 target. Farmers & Merchants Invests has invested 0.06% of its capital in International Business Machines Corporation (NYSE:IBM). Goldman Sachs has "Neutral" rating and $145 target. On Wednesday, March 21 Morgan Stanley maintained International Business Machines Corporation (NYSE:IBM) with "Buy" rating. The stock of International Business Machines Corporation (NYSE:IBM) has "Outperform" rating given on Wednesday, January 3 by RBC Capital Markets.

Investors sentiment increased to 1.03 in Q4 2017.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBM.

Credit Agricole S A raised its stake in International Business Machines Corp.

Martingale Asset Management L P boosted its stake in shares of IBM (NYSE:IBM) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. Inv Ser Of America holds 0.03% of its portfolio in General Electric Company (NYSE:GE) for 10,475 shares. Colony Group Inc Ltd Com invested 0.11% in International Business Machines Corporation (NYSE:IBM). Strs Ohio stated it has 0.37% in International Business Machines Corporation (NYSE:IBM). Moreover, Meeder Asset Management has 0.35% invested in International Business Machines Corporation (NYSE:IBM) for 27,146 shares. Numeric Investors Limited owns 32,400 shares or 0% of their U.S. portfolio. Brandywine Mngmt Ltd Liability Company has 0.75% invested in International Business Machines Corporation (NYSE:IBM) for 822,590 shares. Automobile Association holds 0.18% or 427,603 shares in its portfolio. Parnassus Investments CA lifted its holdings in shares of IBM by 1.6% in the 3rd quarter.

A number of equities research analysts have issued reports on IBM shares. Ally Inc has 1.36% invested in International Business Machines Corporation (NYSE:IBM). Sentinel Tru Communication Lba invested in 0.93% or 29,058 shares. Pennsylvania holds 76,499 shares. Therefore 30% are positive. Ally Financial had 70 analyst reports since July 29, 2015 according to SRatingsIntel. As per Tuesday, February 21, the company rating was upgraded by Citigroup. The firm has "Buy" rating given on Friday, October 9 by Drexel Hamilton. On Friday, January 19 the rating was maintained by Stifel Nicolaus with "Buy". Evercore initiated CenturyLink, Inc. (NASDAQ:MAT) has "Hold" rating given on Wednesday, June 14 by Jefferies. SunTrust initiated the shares of CTL in report on Tuesday, December 13 with "Hold" rating. The rating was maintained by Deutsche Bank with "Hold" on Tuesday, October 20. Morgan Stanley downgraded CenturyLink, Inc. (NYSE:CTL) on Friday, July 31 to "Hold" rating. 13,000 shs valued at $2.01 million were sold by Clementi Erich on Friday, February 23. Its up 0.29, from 0.74 in 2017Q3. 151 funds opened positions while 383 raised stakes. 888.76 million shares or 103.84% more from 436.00 million shares in 2017Q3 were reported. IBM's revenue for the quarter was up 3.6% compared to the same quarter last year. analysts predict that IBM will post 13.83 earnings per share for the current fiscal year. 182,446 are held by Chem Bancorp. 21,800 are owned by Macquarie Grp Limited. Markel Corporation accumulated 15,700 shares. Insiders own 0.17% of the company's stock. Hl Fincl Svcs Ltd Liability Co reported 402,853 shares or 1.2% of all its holdings. State Treasurer State Of Michigan owns 285,176 shares for 0.04% of their portfolio. 446 are owned by Pittenger Anderson Inc. (NYSE:CTL). 572,764 were reported by Commonwealth Bancorp Of Aus. Its up 26.62% from 2.46M shares previously. Bnp Paribas Arbitrage Sa owns 602,449 shares for 0.02% of their portfolio. It also reduced its holding in Alphabet Inc by 550 shares in the quarter, leaving it with 9,005 shares, and cut its stake in Paypal Hldgs Inc.

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