International Business Machs (IBM) Shareholder Fulton Bank Raised Holding by $659,430 as Stock Declined; As Bank Amer (BAC) Shares Declined, Seminole Management Decreased Its Position by $2.21 Million

April 20, 2018 - By Vivian Park

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Fulton Bank increased its stake in International Business Machs (IBM) by 19.94% based on its latest 2017Q4 regulatory filing with the SEC. Fulton Bank bought 4,310 shares as the company’s stock declined 0.39% with the market. The institutional investor held 25,922 shares of the computer manufacturing company at the end of 2017Q4, valued at $3.98M, up from 21,612 at the end of the previous reported quarter. Fulton Bank who had been investing in International Business Machs for a number of months, seems to be bullish on the $133.62 billion market cap company. The stock decreased 1.79% or $2.65 during the last trading session, reaching $145.05. About 3.26 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since April 20, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Michael Messner decreased its stake in Bank Amer Corp (BAC) by 3.71% based on its latest 2017Q4 regulatory filing with the SEC. Seminole Management sold 76,219 shares as the company’s stock declined 1.20% with the market. The hedge fund run by Michael Messner held 1.98 million shares of the major banks company at the end of 2017Q4, valued at $58.41 million, down from 2.05M at the end of the previous reported quarter. Seminole Management who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $310.45B market cap company. The stock increased 0.61% or $0.18 during the last trading session, reaching $30.36. About 28.74M shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 20, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Investors sentiment increased to 1.03 in 2017 Q4. Its up 0.29, from 0.74 in 2017Q3. It increased, 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. Macnealy Hoover Mngmt holds 1.69% or 15,255 shares. Transamerica Advsr accumulated 74 shares. Reik Communications Ltd Liability reported 3,872 shares. Gm Advisory Grp Incorporated has 0.07% invested in International Business Machines Corporation (NYSE:IBM) for 1,696 shares. Rnc Capital Limited Liability Company has 15,505 shares for 0.16% of their portfolio. Lodestar Invest Counsel Limited Liability Com Il holds 0.08% or 4,804 shares in its portfolio. The New Jersey-based Supplemental Annuity Collective Of Nj has invested 0.91% in International Business Machines Corporation (NYSE:IBM). 9,580 are held by Indiana Investment. 2,687 are owned by Bennicas &. Exxonmobil Inv Mngmt Tx reported 136,901 shares stake. Assetmark stated it has 0% in International Business Machines Corporation (NYSE:IBM). Essex stated it has 0.9% in International Business Machines Corporation (NYSE:IBM). Portfolio Solutions Ltd Liability Com has invested 0% in International Business Machines Corporation (NYSE:IBM). Seizert Cap Partners Limited Liability Company holds 50,381 shares or 0.28% of its portfolio. Osher Van De Voorde Inv, California-based fund reported 47,580 shares.

Fulton Bank, which manages about $1.42 billion US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 4,245 shares to 65,471 shares, valued at $9.15M in 2017Q4, according to the filing. It also reduced its holding in Mcdonalds Corp (NYSE:MCD) by 11,386 shares in the quarter, leaving it with 31,304 shares, and cut its stake in Abbvie Inc (NYSE:ABBV).

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 126 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, July 19. The firm earned “Buy” rating on Thursday, October 5 by Stifel Nicolaus. The stock has “Hold” rating by Deutsche Bank on Tuesday, July 19. The rating was maintained by Bank of America on Thursday, January 18 with “Buy”. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, August 15. The rating was initiated by Guggenheim on Wednesday, January 4 with “Neutral”. Morgan Stanley maintained it with “Buy” rating and $198.0 target in Wednesday, March 21 report. The firm has “Buy” rating by S&P Research given on Wednesday, October 21. RBC Capital Markets maintained it with “Sector Perform” rating and $180 target in Wednesday, April 19 report. BMO Capital Markets maintained International Business Machines Corporation (NYSE:IBM) rating on Sunday, November 26. BMO Capital Markets has “Hold” rating and $170.0 target.

Since January 31, 2018, it had 1 buying transaction, and 2 selling transactions for $2.69 million activity. $99,659 worth of International Business Machines Corporation (NYSE:IBM) was bought by WADDELL FREDERICK H. $780,000 worth of International Business Machines Corporation (NYSE:IBM) was sold by Gherson Diane J on Monday, February 26.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 112 analyst reports since July 21, 2015 according to SRatingsIntel. Bruyette & Woods” upgraded it to “Mkt Perform” rating and $20.0 target in Monday, August 24 report. Oppenheimer maintained Bank of America Corporation (NYSE:BAC) on Saturday, September 5 with “Outperform” rating. Jefferies maintained the shares of BAC in report on Tuesday, June 6 with “Buy” rating. The company was maintained on Friday, September 23 by CLSA. The stock has “Outperform” rating by Credit Suisse on Friday, March 16. As per Tuesday, November 15, the company rating was downgraded by Guggenheim. Credit Suisse maintained Bank of America Corporation (NYSE:BAC) on Thursday, June 1 with “Buy” rating. As per Sunday, August 13, the company rating was maintained by Keefe Bruyette & Woods. Jefferies maintained it with “Buy” rating and $2800 target in Friday, July 7 report. On Tuesday, August 25 the stock rating was upgraded by Macquarie Research to “Underperform”.

Seminole Management, which manages about $3.29 billion and $548.56 million US Long portfolio, upped its stake in Delta Air Lines Inc Del (NYSE:DAL) by 580,162 shares to 881,000 shares, valued at $49.34M in 2017Q4, according to the filing. It also increased its holding in Total S A (NYSE:TOT) by 20,000 shares in the quarter, for a total of 829,682 shares, and has risen its stake in Citigroup Inc (NYSE:C).

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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