Whittier Trust Co Of Nevada INC Has Boosted Its International Business Machscom (IBM) Stake by $5.19 Million; Valuation Rose

September 16, 2018 - By Palma Niemeyer

Investors sentiment decreased to 0.9 in 2018 Q2. Its down 0.21, from 1.11 in 2018Q1. It dropped, as 62 investors sold IBM shares while 617 reduced holdings. 120 funds opened positions while 493 raised stakes. 489.70 million shares or 2.28% less from 501.15 million shares in 2018Q1 were reported. Harvest Cap Mngmt accumulated 0.11% or 2,328 shares. West Oak Cap Ltd holds 0% or 10,278 shares. Richard Bernstein Advsr Lc accumulated 49,472 shares or 0.22% of the stock. 357,246 were accumulated by Swedbank. Brown Advisory holds 0.12% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 288,634 shares. Clearbridge Invs Lc reported 0.11% stake. Trexquant Investment Limited Partnership holds 0.56% or 58,003 shares in its portfolio. Keystone Fincl Planning has invested 2.31% of its portfolio in International Business Machines Corporation (NYSE:IBM). Gofen And Glossberg Limited Liability Corp Il reported 1.03% in International Business Machines Corporation (NYSE:IBM). Rbo & Lc holds 0.78% in International Business Machines Corporation (NYSE:IBM) or 22,082 shares. Atria Investments Limited Liability stated it has 21,544 shares. Ameritas Investment Ptnrs reported 0.16% in International Business Machines Corporation (NYSE:IBM). Salient Lta stated it has 0.38% in International Business Machines Corporation (NYSE:IBM). Moreover, Oppenheimer has 0.62% invested in International Business Machines Corporation (NYSE:IBM) for 163,333 shares. Cranbrook Wealth Mgmt Ltd Liability Com stated it has 0.14% in International Business Machines Corporation (NYSE:IBM).

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

Whittier Trust Co Of Nevada Inc increased its stake in International Business Machscom (IBM) by 66.47% based on its latest 2018Q2 regulatory filing with the SEC. Whittier Trust Co Of Nevada Inc bought 28,671 shares as the company’s stock rose 0.15% with the market. The institutional investor held 71,802 shares of the computer manufacturing company at the end of 2018Q2, valued at $13.02 million, up from 43,131 at the end of the previous reported quarter. Whittier Trust Co Of Nevada Inc who had been investing in International Business Machscom for a number of months, seems to be bullish on the $135.39 billion market cap company. The stock decreased 0.42% or $0.62 during the last trading session, reaching $148.33. About 3.45M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 0.56% since September 16, 2017 and is uptrending. It has underperformed by 15.06% the S&P500.

Whittier Trust Co Of Nevada Inc, which manages about $891.05M US Long portfolio, decreased its stake in Ishares S&P Small Cap 600 (IJR) by 49,179 shares to 4,755 shares, valued at $533,000 in 2018Q2, according to the filing. It also reduced its holding in Hess Corp Com (NYSE:HES) by 38,183 shares in the quarter, leaving it with 2,555 shares, and cut its stake in British Amern Tob Plc Sponsored Adr (NYSEMKT:BTI).

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Fool.com which released: “Better Buy: International Business Machines Corporation vs. Coca-Cola” on August 24, 2018, also Seekingalpha.com with their article: “The Sad Decline Of International Business Machines” published on September 11, 2018, Seekingalpha.com published: “Sally Beauty engages IBM iX to transform its commerce experience” on September 10, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Fool.com and their article: “3 Dividend Stocks to Fund Your Retirement Nest Egg” published on September 15, 2018 as well as Fool.com‘s news article titled: “In Your 50s? Consider Buying These 3 Stocks” with publication date: September 14, 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 has $198.0 highest and $155 lowest target. $171.67’s average target is 15.74% above currents $148.33 stock price. IBM had 9 analyst reports since March 21, 2018 according to SRatingsIntel. The firm has “Market Perform” rating by Wells Fargo given on Monday, July 30. On Wednesday, April 18 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was maintained on Thursday, July 19 by Stifel Nicolaus. As per Thursday, July 19, the company rating was maintained by Morgan Stanley. Morgan Stanley maintained International Business Machines Corporation (NYSE:IBM) rating on Wednesday, March 21. Morgan Stanley has “Buy” rating and $198.0 target. The company was maintained on Wednesday, April 18 by J.P. Morgan. The company was maintained on Tuesday, April 17 by RBC Capital Markets. The stock of International Business Machines Corporation (NYSE:IBM) has “Market Perform” rating given on Thursday, July 19 by BMO Capital Markets.

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

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