As International Bus Mach Com (IBM) Market Value Declined, Shareholder Bridges Investment Management Upped Its Holding; Lipe & Dalton Stake in Cigna (CI) Has Trimmed by $367,908

January 17, 2018 - By Henry Gaston

Bridges Investment Management Inc increased its stake in International Bus Mach Com (IBM) by 84.78% based on its latest 2017Q3 regulatory filing with the SEC. Bridges Investment Management Inc bought 3,844 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 8,378 shares of the computer manufacturing company at the end of 2017Q3, valued at $1.22M, up from 4,534 at the end of the previous reported quarter. Bridges Investment Management Inc who had been investing in International Bus Mach Com for a number of months, seems to be bullish on the $156.35 billion market cap company. The stock increased 3.07% or $5.03 during the last trading session, reaching $168.88. About 7.62M shares traded or 43.94% up from the average. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since January 17, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Lipe & Dalton decreased its stake in Cigna Corporation (CI) by 13.22% based on its latest 2017Q3 regulatory filing with the SEC. Lipe & Dalton sold 1,978 shares as the company’s stock rose 11.09% with the market. The institutional investor held 12,982 shares of the medical specialities company at the end of 2017Q3, valued at $2.43M, down from 14,960 at the end of the previous reported quarter. Lipe & Dalton who had been investing in Cigna Corporation for a number of months, seems to be less bullish one the $54.39B market cap company. The stock increased 2.73% or $5.87 during the last trading session, reaching $220.62. About 925,417 shares traded. Cigna Corporation (NYSE:CI) has risen 23.57% since January 17, 2017 and is uptrending. It has outperformed by 6.87% the S&P500.

Analysts await Cigna Corporation (NYSE:CI) to report earnings on February, 1. They expect $1.87 earnings per share, 0.00% or $0.00 from last year’s $1.87 per share. CI’s profit will be $461.05M for 29.49 P/E if the $1.87 EPS becomes a reality. After $2.83 actual earnings per share reported by Cigna Corporation for the previous quarter, Wall Street now forecasts -33.92% negative EPS growth.

Since August 7, 2017, it had 0 insider buys, and 9 sales for $13.93 million activity. Hoeltzel Mary T had sold 525 shares worth $93,232 on Wednesday, August 9. ZOLLARS WILLIAM D had sold 212 shares worth $43,604. Triplett Michael W also sold $647,360 worth of Cigna Corporation (NYSE:CI) on Tuesday, August 8. HARRIS ISAIAH JR also sold $44,382 worth of Cigna Corporation (NYSE:CI) on Monday, December 11. Sadler Jason D also sold $6.65M worth of Cigna Corporation (NYSE:CI) on Monday, August 7. 2,236 shares were sold by Bacus Lisa R, worth $402,366 on Wednesday, August 16.

Among 19 analysts covering CIGNA (NYSE:CI), 15 have Buy rating, 0 Sell and 4 Hold. Therefore 79% are positive. CIGNA had 54 analyst reports since July 27, 2015 according to SRatingsIntel. Morgan Stanley initiated Cigna Corporation (NYSE:CI) on Wednesday, June 7 with “Overweight” rating. The rating was upgraded by RBC Capital Markets on Friday, February 10 to “Outperform”. On Friday, August 4 the stock rating was maintained by Oppenheimer with “Buy”. As per Friday, November 3, the company rating was initiated by Credit Suisse. JP Morgan initiated Cigna Corporation (NYSE:CI) on Wednesday, September 16 with “Overweight” rating. The company was maintained on Thursday, July 13 by Cowen & Co. The firm earned “Buy” rating on Thursday, November 2 by Jefferies. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, June 22. The company was maintained on Monday, August 7 by RBC Capital Markets. Jefferies maintained the shares of CI in report on Tuesday, October 10 with “Buy” rating.

Lipe & Dalton, which manages about $260.93M and $142.25M US Long portfolio, upped its stake in Qualcomm Inc (NASDAQ:QCOM) by 6,735 shares to 65,515 shares, valued at $3.40 million in 2017Q3, according to the filing.

Investors sentiment is 0.96 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 47 investors sold CI shares while 249 reduced holdings. only 72 funds opened positions while 212 raised stakes. 206.32 million shares or 5.35% less from 217.98 million shares in 2017Q2 were reported. Bankshares Of Montreal Can reported 947,788 shares. Rampart Inv Management Company Ltd Liability Company owns 3,516 shares for 0.22% of their portfolio. Manchester Cap Mgmt Ltd Liability Corporation invested 0.02% of its portfolio in Cigna Corporation (NYSE:CI). Barrett Asset Mngmt Ltd Liability Com stated it has 0.02% of its portfolio in Cigna Corporation (NYSE:CI). Parsons Cap Mgmt Ri holds 0.04% in Cigna Corporation (NYSE:CI) or 1,618 shares. Millennium Management Ltd Llc reported 719,731 shares stake. Davenport And Company Ltd Llc has 0% invested in Cigna Corporation (NYSE:CI). Gotham Asset Mngmt Lc reported 0.1% of its portfolio in Cigna Corporation (NYSE:CI). Palladium Prtnrs Lc accumulated 44,200 shares. Moreover, Fukoku Mutual Life Insurance Co has 0.04% invested in Cigna Corporation (NYSE:CI). Jacobs Levy Equity Mngmt holds 6,229 shares or 0.02% of its portfolio. 635,000 were reported by Alleghany De. United Kingdom-based Gulf Intll Natl Bank (Uk) has invested 0.2% in Cigna Corporation (NYSE:CI). Philadelphia holds 0.04% of its portfolio in Cigna Corporation (NYSE:CI) for 2,661 shares. Cohen Steers Inc stated it has 102,435 shares or 0.05% of all its holdings.

Among 31 analysts covering International Business Machines (NYSE:IBM), 11 have Buy rating, 5 Sell and 15 Hold. Therefore 35% are positive. International Business Machines had 113 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, April 19 the stock rating was maintained by Drexel Hamilton with “Buy”. The stock has “Sell” rating by Jefferies on Thursday, June 22. On Tuesday, April 19 the stock rating was maintained by Cantor Fitzgerald with “Hold”. Stifel Nicolaus maintained it with “Buy” rating and $182.0 target in Thursday, October 5 report. Morgan Stanley upgraded it to “Overweight” rating and $140 target in Thursday, February 18 report. The rating was maintained by UBS on Tuesday, October 20 with “Neutral”. The stock of International Business Machines Corporation (NYSE:IBM) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, April 19. The firm has “Neutral” rating given on Tuesday, October 18 by Citigroup. S&P Research maintained the shares of IBM in report on Wednesday, October 21 with “Buy” rating. The stock has “Hold” rating by Oppenheimer on Tuesday, July 18.

Bridges Investment Management Inc, which manages about $695.30 million and $1.06B US Long portfolio, decreased its stake in Goldman Sachs Group Inc (NYSE:GS) by 4,313 shares to 5,589 shares, valued at $1.33M in 2017Q3, according to the filing.

Investors sentiment increased to 0.74 in 2017 Q3. Its up 0.02, from 0.72 in 2017Q2. It increased, 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. Brave Asset Mngmt reported 0.36% in International Business Machines Corporation (NYSE:IBM). Reynders Mcveigh Capital Mngmt Ltd Limited Liability Company has 0.98% invested in International Business Machines Corporation (NYSE:IBM) for 51,825 shares. Mastrapasqua Asset Mgmt has 0.11% invested in International Business Machines Corporation (NYSE:IBM) for 3,725 shares. Macnealy Hoover Mngmt Inc has invested 1.59% in International Business Machines Corporation (NYSE:IBM). Waters Parkerson & Llc has invested 0.66% in International Business Machines Corporation (NYSE:IBM). Chilton Ltd Liability Corporation invested 0.05% in International Business Machines Corporation (NYSE:IBM). Eqis Capital Mngmt has 0.13% invested in International Business Machines Corporation (NYSE:IBM) for 16,116 shares. Buckhead Mgmt Limited Liability Company stated it has 25,625 shares. Brookstone Mgmt reported 39,068 shares stake. 9,925 are held by Chilton Mngmt Ltd Com. Eagle Capital Management Llc holds 0% or 2,700 shares in its portfolio. 3,409 are held by Intrust Fincl Bank Na. Spectrum Management Gp Inc holds 0.15% or 3,232 shares in its portfolio. Umb State Bank N A Mo reported 42,454 shares or 0.21% of all its holdings. Pittenger And Anderson invested in 613 shares or 0.01% of the stock.

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