International Business Machines Corp. (IBM) Shares Sold by Bessemer Group Inc
- Marvin Ford
The hedge fund run by Donald Yacktman held 6.03 million shares of the edp services company at the end of 2017Q3, valued at $87.99 million, up from 3.85M at the end of the previous reported quarter. Bush Odonnell Investment Advisors Inc who had been investing in Oneok Inc for a number of months, seems to be bullish on the $22.50 billion market cap company. The stock decreased 1.58% or $0.08 during the last trading session, reaching $4.98. About 3.23M shares traded or 0.69% up from the average. Infosys Limited (NYSE:INFY) has declined 17.92% since January 13, 2017 and is downtrending.
Commerce Bank decreased its stake in International Business Machs (IBM) by 15.6% based on its latest 2017Q3 regulatory filing with the SEC. Nordea Investment Management AB now owns 3,250,047 shares of the technology company's stock valued at $499,955,000 after buying an additional 1,956,033 shares in the last quarter. The institutional investor held 977,038 shares of the computer manufacturing company at the end of 2017Q3, valued at $141.75M, down from 981,048 at the end of the previous reported quarter. The stock decreased 0.65% or $1.06 during the last trading session, reaching $163.14. Vanguard Group Inc. now owns 62,228,040 shares of the technology company's stock valued at $9,572,538,000 after buying an additional 2,241,818 shares in the last quarter. Finally, CIBC World Markets Inc. raised its stake in shares of International Business Machines Corp.by 4.4% in the second quarter. It has underperformed by 11.84% the S&P500. Finally, Drexel Hamilton restated a "buy" rating and issued a $200.00 price objective on shares of International Business Machines in a report on Tuesday, October 17th. Therefore 44% are positive. Stifel Nicolaus restated a "buy" rating and set a $182.00 price target on shares of International Business Machines in a report on Friday, October 6th. The rating was maintained by Argus Research with "Buy" on Wednesday, March 22. The firm has "Neutral" rating given on Wednesday, January 6 by Rosenblatt. The company was downgraded on Thursday, September 14 by JP Morgan. (NYSE:CBG) earned "Overweight" rating by Barclays Capital on Tuesday, July 18. BMO Capital Markets maintained the stock with "Hold" rating in Thursday, January 4 report. The firm earned "Buy" rating on Monday, October 30 by Needham. As per Thursday, October 19, the company rating was maintained by Cowen & Co. UBS has "Hold" rating and $15900 target. The rating was maintained by Jefferies on Wednesday, July 12 with "Sell".
Investors sentiment decreased to 0.73 in Q3 2017. Its up 0.11, from 1.03 in 2017Q2. Personal Cap Advsr invested in 50,740 shares. 164 funds opened positions while 273 raised stakes. Gamble Jones Investment Counsel reported 37,010 shares. Bb&T reported 0.41% of its portfolio in Wells Fargo & Company (NYSE:WFC). Macroview Inv Ltd Limited Liability Company holds 0.01% or 15 shares in its portfolio. (NYSE:OKE). Natl Asset Mgmt Incorporated stated it has 0.05% in ONEOK, Inc. Envestnet Asset Management owns 126,071 shares. Northwestern Mutual Wealth Management Co. now owns 49,870 shares of the technology company's stock worth $7,570,000 after buying an additional 2,575 shares during the last quarter. 90,675 are held by Hills Bancorp Tru. Stevens Capital Limited Partnership invested in 0.07% or 268,205 shares. 8,475 are held by Plancorp. (NASDAQ:OPK). Bnp Paribas Arbitrage reported 0% of its portfolio in Opko Health, Inc. Suntrust Banks invested in 351,398 shares. Plante Moran Fincl Advisors Limited holds 0.44% or 5,120 shares. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36.
Cibc Asset Management Inc acquired 3.58 million shares as Cenovus Energy Inc (CVE)'s stock declined 29.14%. It also reduced its holding in Bankrate Inc Del (NYSE:RATE) by 129,794 shares in the quarter, leaving it with 79,000 shares, and cut its stake in Williams Cos Inc Del (NYSE:WMB). Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the stock. Therefore 76% are positive. International Business Machines's quarterly revenue was down.4% compared to the same quarter last year. analysts anticipate that International Business Machines Corp. will post 13.78 earnings per share for the current fiscal year. As per Tuesday, July 19, the company rating was maintained by Morgan Stanley. The firm earned "Neutral" rating on Monday, September 14 by Credit Suisse. The firm has "Hold" rating given on Tuesday, July 11 by RBC Capital Markets. On Wednesday, October 21 the stock rating was maintained by Citigroup with "Neutral". The company was downgraded on Tuesday, August 11 by Zacks. Barclays Capital maintained the stock with "Underweight" rating in Tuesday, October 18 report. KeyBanc Capital Markets maintained the stock with "Hold" rating in Wednesday, July 19 report. The rating was maintained by Guggenheim on Thursday, July 13 with "Hold". Lockheed Martin Corporation (NYSE:LMT) has risen 14.19% since January 13, 2017 and is uptrending. They expect $5.16 EPS, up 2.99% or $0.15 from last year's $5.01 per share. IBM's profit will be $4.78 billion for 7.90 P/E if the $5.16 EPS becomes a reality.
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Investors sentiment increased to 0.74 in Q3 2017. Its up 0.02, from 0.72 in 2017Q2. It is positive, as 70 investors sold IBM shares while 676 reduced holdings.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Moreover, Valley Advisers has 0.17% invested in International Business Machines Corporation (NYSE:IBM) for 3,445 shares. The Arizona-based Arizona State Retirement has invested 0.1% in McKesson Corporation (NYSE:MCK). Moreover, Focused Wealth has 0.69% invested in International Business Machines Corporation (NYSE:IBM) for 14,273 shares. National Bank & Trust Of Montreal Can holds 1,668 shares or 0% of its portfolio. Breton Hill Capital Ltd.'s holdings in International Business Machines were worth $12,077,000 as of its most recent SEC filing. Eaton Vance Management reported 704,866 shares. Wms Prtnrs Limited Liability Company holds 0.27% in International Business Machines Corporation (NYSE:IBM) or 15,669 shares. Comerica Bancshares stated it has 485,465 shares or 0.54% of all its holdings. Great Lakes Advsrs Ltd holds 37,954 shares. New York-based Two Sigma Securities Limited Liability has invested 0.03% in International Business Machines Corporation (NYSE:IBM). Ckw Group holds 0.03% or 944 shares. Voloridge Ltd Liability Company holds 0.79% or 242,487 shares.
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