International Business Machines Corp (NYSE:IBM) Q4 2017 Institutional Investor Sentiment Steady

Marco Green
April 8, 2018

Manitou Investment Management Ltd. now owns 86,574 shares of the technology company's stock worth $13,318,000 after buying an additional 5,380 shares during the last quarter. Shareholders of record on Friday, February 9th were issued a dividend of $1.50 per share. First Fiduciary Investment Counsel Inc who had been investing in General Electric for a number of months, seems to be bullish on the $113.41B market cap company.

Shares of IBM traded down $3.46 during mid-day trading on Friday, hitting $150.57. Johnson & Johnson (NYSE:JNJ) has risen 1.12% since April 8, 2017 and is uptrending. It has outperformed by 20.43% the S&P500. The institutional investor held 49,726 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $5.21 million, up from 726 at the end of the previous reported quarter. International Business Machs has $138.70B market cap. The institutional investor held 190,717 shares of the consumer non-durables company at the end of 2017Q4, valued at $3.85 million, down from 257,565 at the end of the previous reported quarter. The stock decreased 2.25% or $3.46 during the last trading session, reaching $150.57.Currently International Business Machines Corporation is downtrending after 12.58% change in last April 8, 2017. The stock underperformed the S&P 500 by 24.13%.

Since January 31, 2018, it had 1 insider buy, and 2 sales for $2.69 million activity. $780,000 worth of stock was sold by Gherson Diane J on Monday, February 26. WADDELL FREDERICK H bought $99,659 worth of stock or 610 shares.

Adams Asset Advisors Llc, which manages about $828.72 million and $812.76 million US Long portfolio, decreased its stake in Chevron Corporation (NYSE:CVX) by 2,597 shares to 78,179 shares, valued at $9.79M in 2017Q4, according to the filing. It also increased its holding in Proteostasis Therapeutics In by 225,000 shares in the quarter, for a total of 675,000 shares, and has risen its stake in Bluebird Bio Inc (NASDAQ:BLUE).

Investors sentiment increased to 1.03 in Q4 2017. It's up 0.29, from 0.74 in 2017Q3. Aberdeen Asset Management PLC UK increased its holdings in shares of IBM by 21.7% in the 2nd quarter.

A number of other hedge funds have also recently made changes to their positions in IBM. Investors holded 519.10 million in 2017Q3 but now own 504.07 million shares or 2.90% less. Kingfisher Ltd accumulated 6,897 shares or 0.67% of the stock. Davenport And Limited invested 0.1% of its portfolio in International Business Machines Corporation (NYSE:IBM). Wolverine Asset Mgmt Limited Liability Corporation reported 0.01% in International Business Machines Corporation (NYSE:IBM). Cowen & Co maintained the shares of AET in report on Wednesday, September 20 with "Buy" rating. Spears Abacus Advsrs Ltd Llc holds 60,647 shares. Godsey Gibb Assoc holds 0.04% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 1,470 shares. Rmsincerbeaux Mgmt has 4.36% invested in International Business Machines Corporation (NYSE:IBM). Mrj has 1.46% invested in Wells Fargo & Company (NYSE:WFC). (NYSEAMERICAN:DLA). Strs Ohio holds 0% or 27,200 shares. Wellington Shields And Comm Limited Co owns 3.24% invested in Johnson & Johnson (NYSE:JNJ) for 43,061 shares. Delta Apparel Inc had 2 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has "Underweight" rating by Barclays Capital given on Tuesday, July 19. Six analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company. The rating was initiated by Guggenheim on Wednesday, January 4 with "Neutral". The stock has "Buy" rating by Morgan Stanley on Wednesday, October 18. The firm earned "Buy" rating on Tuesday, August 4 by Roth Capital. On Friday, January 19 the rating was maintained by J.P. Morgan with "Hold". Palisade Asset Management Limited has invested 2.2% of its portfolio in International Business Machines Corporation (NYSE:IBM). BMO Capital Markets maintained it with "Hold" rating and $50.0 target in Friday, October 13 report. The rating was maintained by Goldman Sachs on Tuesday, July 19 with "Neutral". RBC Capital Markets maintained the shares of IBM in report on Monday, November 13 with "Hold" rating. Therefore 33% are positive. Bank of America had 108 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, January 18 the company was maintained by GBH Insights. The firm has "Hold" rating given on Monday, April 11 by Sandler O'Neill.

In related news, insider Kralingen Bridget A. Van sold 330 shares of the firm's stock in a transaction dated Thursday, October 20th. The rating was upgraded by Bernstein to "Mkt Perform" on Wednesday, September 23.

Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity. Jefferies maintained the stock with "Buy" rating in Friday, March 23 report. On Wednesday, October 18 the company was maintained by Barclays Capital. The firm has "Outperform" rating given on Monday, January 30 by Keefe Bruyette & Woods.

Investors sentiment increased to 0.87 in 2017 Q4. Its up 0.15, from 1.04 in 2017Q3. It increased, as 42 investors sold AXP shares while 442 reduced holdings. 141 funds opened positions while 552 raised stakes. Thomas Story & Son Ltd reported 2,160 shares stake. The company's stock declined 0.39% with the market as Davidson D A & Company bought 34,082 shares. Public Sector Pension Investment Board has 2.46 million shares for 0.98% of their portfolio. The fund owned 13,657 shares of the technology company's stock after selling 583 shares during the quarter. Diversified Trust accumulated 3,525 shs or 0.03% of the stock. Stifel Financial Corp now owns 815,897 shares of the technology company's stock worth $118,347,000 after purchasing an additional 807,553 shares during the last quarter. Staley Advisers reported 9,210 shares stake. Dreman Value L L C holds 5,850 shares or 0.51% of its portfolio. Heartland Advsrs Inc invested in 89,181 shares or 0.57% of the stock. Scotia Inc has 0.07% invested in American Express Company (NYSE:AXP). Finally, Parnassus Investments CA lifted its holdings in shares of IBM by 1.6% during the third quarter. Bath Savings has invested 0.16% in International Business Machines Corporation (NYSE:IBM). (NYSE:V) for 19,708 shares. New York State Teachers Retirement Sys invested in 1.16% or 16.61M shares.

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