International Business Machine (IBM) Holder Campbell Newman Asset Management INC Has Lowered Its Position by $8.01 Million

September 8, 2018 - By Mary Kidd

Investors sentiment increased to 1.11 in 2018 Q1. Its up 0.08, from 1.03 in 2017Q4. It is positive, as 60 investors sold IBM shares while 560 reduced holdings. 117 funds opened positions while 570 raised stakes. 501.15 million shares or 0.58% less from 504.07 million shares in 2017Q4 were reported. Broderick Brian C has invested 0.22% in International Business Machines Corporation (NYSE:IBM). Bonness Enterprises Incorporated invested in 3.15% or 29,464 shares. Ls Inv Advisors Limited Liability owns 31,036 shares. Nordea Investment Management Ab holds 1.28% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 3.48M shares. Family Firm holds 2,915 shares or 0.17% of its portfolio. Moneta Group Incorporated Invest Advsrs Llc owns 5,850 shares. Hilltop stated it has 0.08% of its portfolio in International Business Machines Corporation (NYSE:IBM). Cubic Asset Mngmt Ltd Co invested in 1.08% or 24,878 shares. Piershale Fin Grp has 1,600 shares for 0.13% of their portfolio. The Texas-based Frontier Investment Mngmt has invested 0% in International Business Machines Corporation (NYSE:IBM). Camarda Finance Advsr Ltd Liability Corp has invested 0.14% in International Business Machines Corporation (NYSE:IBM). Discovery Capital Mgmt Limited Com Ct holds 387,351 shares. Duncker Streett & Inc has 0.74% invested in International Business Machines Corporation (NYSE:IBM) for 18,993 shares. Evercore Wealth Mngmt reported 0.14% in International Business Machines Corporation (NYSE:IBM). Montecito National Bank And has 0.28% invested in International Business Machines Corporation (NYSE:IBM) for 5,560 shares.

Since August 3, 2018, it had 0 buys, and 1 sale for $1.67 million activity.

Campbell Newman Asset Management Inc decreased its stake in International Business Machine (IBM) by 78.08% based on its latest 2018Q1 regulatory filing with the SEC. Campbell Newman Asset Management Inc sold 52,338 shares as the company’s stock declined 9.42% with the market. The institutional investor held 14,691 shares of the computer manufacturing company at the end of 2018Q1, valued at $2.25M, down from 67,029 at the end of the previous reported quarter. Campbell Newman Asset Management Inc who had been investing in International Business Machine for a number of months, seems to be less bullish one the $132.76B market cap company. The stock decreased 0.64% or $0.94 during the last trading session, reaching $145.45. About 4.69M shares traded or 14.71% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since September 8, 2017 and is downtrending. It has underperformed by 18.81% the S&P500.

Campbell Newman Asset Management Inc, which manages about $443.30M and $602.23M US Long portfolio, upped its stake in Abbott Labs Inc. (NYSE:ABT) by 132,723 shares to 142,652 shares, valued at $8.55 million in 2018Q1, according to the filing.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on October, 16. They expect $3.43 earnings per share, up 3.94 % or $0.13 from last year’s $3.3 per share. IBM’s profit will be $3.13 billion for 10.60 P/E if the $3.43 EPS becomes a reality. After $3.08 actual earnings per share reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 11.36 % EPS growth.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM’s Unreasonable Price” on August 30, 2018, also Seekingalpha.com with their article: “IBM: Is Now The Right Time?” published on August 27, 2018, Seekingalpha.com published: “IBM: A Dividend Growth Income Investment” on August 21, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM: Inflection Point On The Horizon” published on August 15, 2018 as well as Seekingalpha.com‘s news article titled: “IBM: End Of The Pain For Shareholders” with publication date: August 13, 2018.

International Business Machines Corporation (NYSE:IBM) Ratings Coverage

Among 7 analysts covering IBM (NYSE:IBM), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. IBM had 11 analyst reports since March 9, 2018 according to SRatingsIntel. Morgan Stanley maintained the stock with “Buy” rating in Wednesday, March 21 report. Stifel Nicolaus maintained it with “Buy” rating and $178 target in Thursday, July 19 report. The firm earned “Overweight” rating on Thursday, July 19 by Morgan Stanley. The rating was maintained by J.P. Morgan on Wednesday, April 18 with “Hold”. As per Friday, March 9, the company rating was maintained by Morgan Stanley. BMO Capital Markets maintained the stock with “Market Perform” rating in Thursday, July 19 report. As per Wednesday, April 18, the company rating was maintained by Stifel Nicolaus. RBC Capital Markets maintained International Business Machines Corporation (NYSE:IBM) rating on Tuesday, April 17. RBC Capital Markets has “Buy” rating and $18000 target. On Friday, March 9 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Wells Fargo on Monday, July 30 with “Market Perform”.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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