International Business Machines Corp (IBM) Holder United Capital Financial Advisers LLC Raised Its Position by $6.20 Million

January 23, 2018 - By Dolores Ford

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. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. 5,188 are owned by Texan Capital. Murphy Cap Inc accumulated 37,554 shares. Mutual Of America Mngmt Limited stated it has 106,258 shares. Altfest L J And Company has 1.33% invested in International Business Machines Corporation (NYSE:IBM) for 18,847 shares. Piershale Fincl Group Inc Incorporated has invested 0.13% in International Business Machines Corporation (NYSE:IBM). Great West Life Assurance Co Can has 0.41% invested in International Business Machines Corporation (NYSE:IBM) for 1.14M shares. Cetera Advisor Netwr Limited Liability Company holds 26,445 shares. Armstrong Henry H Associates holds 8,630 shares. Arizona State Retirement has invested 0.39% in International Business Machines Corporation (NYSE:IBM). Hartford Fincl Mngmt invested in 0.37% or 4,993 shares. Mcdaniel Terry & holds 0.1% in International Business Machines Corporation (NYSE:IBM) or 3,472 shares. Brinker Cap holds 8,211 shares or 0.05% of its portfolio. Lipe Dalton holds 1.77% or 17,331 shares in its portfolio. Jane Street Gru Ltd has invested 0.03% in International Business Machines Corporation (NYSE:IBM). Pioneer Trust Financial Bank N A Or reported 2,693 shares stake.

United Capital Financial Advisers Llc increased its stake in International Business Machines Corp (IBM) by 20.52% based on its latest 2017Q3 regulatory filing with the SEC. United Capital Financial Advisers Llc bought 42,786 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 251,333 shares of the computer manufacturing company at the end of 2017Q3, valued at $36.46M, up from 208,547 at the end of the previous reported quarter. United Capital Financial Advisers Llc who had been investing in International Business Machines Corp for a number of months, seems to be bullish on the $150.53 billion market cap company. The stock increased 0.14% or $0.23 during the last trading session, reaching $162.6. About 8.48M shares traded or 59.60% up from the average. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since January 23, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

United Capital Financial Advisers Llc, which manages about $9.56B and $11.79B US Long portfolio, decreased its stake in Intuit Inc (NASDAQ:INTU) by 22,335 shares to 22,315 shares, valued at $3.17 million in 2017Q3, according to the filing. It also reduced its holding in Jm Smucker Co (NYSE:SJM) by 76,568 shares in the quarter, leaving it with 30,553 shares, and cut its stake in Ishares Us Utilities (IDU).

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Investorplace.com which released: “Fade the Rally in International Business Machines Corp. Stock” on January 10, 2018, also Investorplace.com with their article: “International Business Machines Corp. Is Mired in Slow Growth” published on January 22, 2018, Seekingalpha.com published: “IBM Has Cryptomania Upside” on January 16, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Investorplace.com and their article: “An International Business Machines Corporation Stock Earnings Primer” published on January 12, 2018 as well as Cnbc.com‘s news article titled: “IBM hasn’t been this unimportant to the stock market in at least 40 years” with publication date: January 22, 2018.

International Business Machines Corporation (NYSE:IBM) Ratings Coverage

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 123 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of International Business Machines Corporation (NYSE:IBM) has “Neutral” rating given on Wednesday, October 18 by Citigroup. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, September 22. RBC Capital Markets maintained International Business Machines Corporation (NYSE:IBM) on Monday, October 5 with “Sector Perform” rating. RBC Capital Markets maintained it with “Hold” rating and $160.0 target in Thursday, August 31 report. The stock of International Business Machines Corporation (NYSE:IBM) has “Market Perform” rating given on Tuesday, July 19 by Bernstein. The firm has “Underweight” rating by Barclays Capital given on Tuesday, October 18. JP Morgan maintained International Business Machines Corporation (NYSE:IBM) on Tuesday, April 19 with “Neutral” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $145.0 target in Friday, January 15 report. The firm has “Sell” rating given on Wednesday, April 19 by Societe Generale. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, October 18.

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