Bollard Group Trimmed Position in Plains All American Pipeline L (PAA) as Stock Rose; International Business Machine (IBM) Shareholder Edgar Lomax Co Trimmed Stake by $1.63 Million

April 21, 2018 - By Hazel Jackson

Bollard Group Llc decreased its stake in Plains All American Pipeline L (PAA) by 80.11% based on its latest 2017Q4 regulatory filing with the SEC. Bollard Group Llc sold 241,383 shares as the company’s stock rose 2.32% while stock markets declined. The hedge fund held 59,937 shares of the energy company at the end of 2017Q4, valued at $1.24M, down from 301,320 at the end of the previous reported quarter. Bollard Group Llc who had been investing in Plains All American Pipeline L for a number of months, seems to be less bullish one the $19.62 billion market cap company. The stock increased 1.44% or $0.35 during the last trading session, reaching $24.67. About 1.66 million shares traded. Plains All American Pipeline, L.P. (NYSE:PAA) has declined 30.85% since April 21, 2017 and is downtrending. It has underperformed by 42.40% the S&P500.

Edgar Lomax Co decreased its stake in International Business Machine (IBM) by 2.89% based on its latest 2017Q4 regulatory filing with the SEC. Edgar Lomax Co sold 10,630 shares as the company’s stock declined 0.39% with the market. The institutional investor held 357,352 shares of the computer manufacturing company at the end of 2017Q4, valued at $54.83M, down from 367,982 at the end of the previous reported quarter. Edgar Lomax Co who had been investing in International Business Machine for a number of months, seems to be less bullish one the $133.48B market cap company. The stock decreased 1.90% or $2.8 during the last trading session, reaching $144.9. About 8.27M shares traded or 57.27% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since April 21, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

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 129 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, July 19 by KeyBanc Capital Markets. The stock of International Business Machines Corporation (NYSE:IBM) earned “Neutral” rating by UBS on Tuesday, July 19. On Wednesday, August 30 the stock rating was maintained by BMO Capital Markets with “Hold”. As per Thursday, January 18, the company rating was maintained by GBH Insights. On Wednesday, October 21 the stock rating was maintained by S&P Research with “Buy”. The firm earned “Perform” rating on Tuesday, August 16 by Oppenheimer. The firm has “Buy” rating given on Friday, March 9 by Stifel Nicolaus. The rating was maintained by Goldman Sachs on Tuesday, April 19 with “Neutral”. Bank of America maintained International Business Machines Corporation (NYSE:IBM) on Wednesday, July 19 with “Buy” rating. The stock has “Overweight” rating by Morgan Stanley on Tuesday, July 19.

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.29, from 0.74 in 2017Q3. It is positive, as 54 investors sold IBM shares while 604 reduced holdings. 156 funds opened positions while 519 raised stakes. 504.07 million shares or 2.90% less from 519.10 million shares in 2017Q3 were reported. Sol Mngmt has invested 0.35% in International Business Machines Corporation (NYSE:IBM). Skba Cap Mgmt Ltd holds 3.05% or 143,010 shares in its portfolio. Baker Avenue Asset Lp has 91,673 shares for 1.36% of their portfolio. Ing Groep Nv reported 305,632 shares or 0.78% of all its holdings. 3,000 were reported by Fire Grp Inc. Mraz Amerine & reported 0.55% of its portfolio in International Business Machines Corporation (NYSE:IBM). Mairs And holds 0.23% or 127,868 shares. Reilly Advisors has invested 1.47% in International Business Machines Corporation (NYSE:IBM). Martingale Asset Mngmt LP accumulated 432,295 shares. Wealthcare Mngmt Llc has 428 shares for 0.01% of their portfolio. Lowe Brockenbrough Co owns 40,848 shares or 0.9% of their US portfolio. Essex Financial Incorporated reported 0.9% in International Business Machines Corporation (NYSE:IBM). Arrowstreet Capital Partnership has invested 0.51% of its portfolio in International Business Machines Corporation (NYSE:IBM). Natl Bank Of The West has invested 0.12% in International Business Machines Corporation (NYSE:IBM). 57.76 million are owned by Blackrock Inc.

Since January 31, 2018, it had 1 insider buy, and 2 selling transactions for $2.69 million activity. Another trade for 5,000 shares valued at $780,000 was sold by Gherson Diane J. WADDELL FREDERICK H bought $99,659 worth of International Business Machines Corporation (NYSE:IBM) on Wednesday, January 31.

Bollard Group Llc, which manages about $2.78 billion and $2.08B US Long portfolio, upped its stake in Bp Plc Sp Adr (NYSE:BP) by 177,530 shares to 256,065 shares, valued at $10.76M in 2017Q4, according to the filing. It also increased its holding in Hcp Inc (NYSE:HCP) by 36,591 shares in the quarter, for a total of 50,429 shares, and has risen its stake in General Electric Co (NYSE:GE).

Among 30 analysts covering Plains All American Pipeline LP (NYSE:PAA), 16 have Buy rating, 1 Sell and 13 Hold. Therefore 53% are positive. Plains All American Pipeline LP had 111 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, March 24, the company rating was maintained by Scotia Capital. As per Wednesday, July 13, the company rating was upgraded by Robert W. Baird. As per Monday, January 30, the company rating was initiated by Mizuho. Morgan Stanley maintained Plains All American Pipeline, L.P. (NYSE:PAA) rating on Thursday, May 26. Morgan Stanley has “Equal-Weight” rating and $26 target. The firm has “Buy” rating by Scotia Capital given on Friday, April 28. The stock has “Buy” rating by SunTrust on Monday, April 9. The stock has “Neutral” rating by Robert W. Baird on Tuesday, August 8. UBS maintained Plains All American Pipeline, L.P. (NYSE:PAA) rating on Friday, March 2. UBS has “Buy” rating and $27 target. Barclays Capital downgraded Plains All American Pipeline, L.P. (NYSE:PAA) on Wednesday, January 17 to “Equal-Weight” rating. The rating was upgraded by JP Morgan to “Overweight” on Friday, December 9.

Analysts await Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings on May, 8 after the close. They expect $0.33 earnings per share, up 22.22% or $0.06 from last year’s $0.27 per share. PAA’s profit will be $262.49 million for 18.69 P/E if the $0.33 EPS becomes a reality. After $0.26 actual earnings per share reported by Plains All American Pipeline, L.P. for the previous quarter, Wall Street now forecasts 26.92% EPS growth.

Investors sentiment increased to 0.72 in 2017 Q4. Its up 0.09, from 0.63 in 2017Q3. It is positive, as 42 investors sold PAA shares while 120 reduced holdings. 34 funds opened positions while 82 raised stakes. 311.82 million shares or 2.74% more from 303.49 million shares in 2017Q3 were reported. Susquehanna Intll Gp Limited Liability Partnership accumulated 61,263 shares. Kayne Anderson Capital Advsr Ltd Partnership, California-based fund reported 10.96M shares. Miller Howard New York has invested 1.05% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA). First Natl Trust has invested 0.03% in Plains All American Pipeline, L.P. (NYSE:PAA). Samson Mngmt Limited Company reported 3.92% in Plains All American Pipeline, L.P. (NYSE:PAA). Glob X Mngmt Co Lc reported 1% in Plains All American Pipeline, L.P. (NYSE:PAA). Fiera Corp has invested 0% in Plains All American Pipeline, L.P. (NYSE:PAA). Goodwin Daniel L stated it has 0.09% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA). Northwestern Mutual Wealth Mgmt Com, a Wisconsin-based fund reported 5,574 shares. Riverpoint Cap Mngmt Llc holds 19,145 shares or 0.02% of its portfolio. Jennison Assoc Ltd Liability Com stated it has 0.02% in Plains All American Pipeline, L.P. (NYSE:PAA). Glenmede Trust Co Na reported 197,228 shares. Ruggie Grp reported 250 shares or 0% of all its holdings. Exane Derivatives invested in 51 shares or 0% of the stock. Qcm Cayman Ltd reported 1.39% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA).

Plains All American Pipeline, L.P. (NYSE:PAA) Institutional Positions Chart

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