Magellan Midstream Partners LP (MMP) Position Held by Spirit Of America Management Corp; International Business Machs (IBM) Holder Culbertson A N & Co Has Cut Stake

January 18, 2018 - By Nellie Frank

Culbertson A N & Co Inc decreased its stake in International Business Machs (IBM) by 10.75% based on its latest 2017Q3 regulatory filing with the SEC. Culbertson A N & Co Inc sold 3,710 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 30,786 shares of the computer manufacturing company at the end of 2017Q3, valued at $4.47M, down from 34,496 at the end of the previous reported quarter. Culbertson A N & Co Inc who had been investing in International Business Machs for a number of months, seems to be less bullish one the $156.14B market cap company. The stock increased 2.93% or $4.8 during the last trading session, reaching $168.65. About 11.71M shares traded or 117.46% up from the average. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since January 18, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Spirit Of America Management Corp increased its stake in Magellan Midstream Partners Lp (MMP) by 10.41% based on its latest 2017Q3 regulatory filing with the SEC. Spirit Of America Management Corp bought 33,300 shares as the company’s stock declined 7.68% while stock markets rallied. The institutional investor held 353,190 shares of the natural gas distribution company at the end of 2017Q3, valued at $25.10M, up from 319,890 at the end of the previous reported quarter. Spirit Of America Management Corp who had been investing in Magellan Midstream Partners Lp for a number of months, seems to be bullish on the $16.76 billion market cap company. The stock decreased 1.12% or $0.83 during the last trading session, reaching $73.49. About 695,756 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since January 18, 2017 and is uptrending. It has underperformed by 13.15% the S&P500.

Since September 14, 2017, it had 0 insider buys, and 1 insider sale for $353,200 activity.

Among 22 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 11 have Buy rating, 3 Sell and 8 Hold. Therefore 50% are positive. Magellan Midstream Partners L.P. had 55 analyst reports since August 7, 2015 according to SRatingsIntel. As per Thursday, September 7, the company rating was maintained by Stifel Nicolaus. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Equal-Weight” rating given on Thursday, February 25 by Morgan Stanley. The stock has “Buy” rating by U.S. Capital Advisors on Thursday, January 4. The rating was maintained by Stifel Nicolaus on Monday, July 17 with “Hold”. The stock has “Underperform” rating by Mizuho on Monday, July 10. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Strong Buy” rating by Raymond James on Monday, January 4. Credit Suisse downgraded Magellan Midstream Partners, L.P. (NYSE:MMP) on Friday, February 5 to “Neutral” rating. The rating was downgraded by UBS on Friday, February 3 to “Neutral”. JP Morgan maintained it with “Neutral” rating and $78 target in Monday, May 16 report. Macquarie Research initiated the shares of MMP in report on Friday, April 21 with “Neutral” rating.

Investors sentiment is 0.9 in 2017 Q3. Its the same as in 2017Q2. It is the same, as 42 investors sold MMP shares while 161 reduced holdings. only 40 funds opened positions while 142 raised stakes. 134.51 million shares or 2.12% more from 131.72 million shares in 2017Q2 were reported. Usca Ria Llc owns 0.17% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 18,100 shares. 134,610 are held by Baldwin Brothers Inc Ma. Wells Fargo & Mn, a California-based fund reported 819,613 shares. Cambridge Co reported 5,500 shares. Prtnrs Ag accumulated 35,800 shares or 0.28% of the stock. Verity Asset Mngmt holds 0.29% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 5,380 shares. Alphamark Ltd has 2,179 shares for 0.07% of their portfolio. Bartlett Commerce Ltd Llc accumulated 8,661 shares. Spinnaker holds 0.5% in Magellan Midstream Partners, L.P. (NYSE:MMP) or 56,135 shares. Baystate Wealth Management Ltd Liability Com accumulated 0.01% or 1,011 shares. Oakworth Capital Inc stated it has 5 shares or 0% of all its holdings. Maple Capital Management Inc reported 0.07% stake. Edge Wealth Ltd Liability Company holds 26,675 shares or 0.57% of its portfolio. Joel Isaacson Commerce Ltd Liability Corp invested in 0.27% or 20,930 shares. Creative Planning owns 1.94 million shares for 0.64% of their portfolio.

Spirit Of America Management Corp, which manages about $529.10M and $944.76 million US Long portfolio, decreased its stake in Federal Realty Investment Trust (NYSE:FRT) by 4,450 shares to 22,975 shares, valued at $2.85M in 2017Q3, according to the filing. It also reduced its holding in Energy Transfer Partners Lp by 52,300 shares in the quarter, leaving it with 1.23 million shares, and cut its stake in Kimco Realty Corp. Series I 6.00 Percent.

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. Goelzer Investment Management has 59,864 shares for 1.02% of their portfolio. 4,993 are owned by Hartford Financial Inc. Oakbrook Investments Lc holds 10,411 shares. Park Natl Corp Oh holds 1.87% or 224,540 shares in its portfolio. Afam Capital holds 0.66% or 37,848 shares. Gilman Hill Asset Management Ltd Liability Company holds 0.21% or 3,601 shares in its portfolio. Brave Asset has invested 0.36% in International Business Machines Corporation (NYSE:IBM). 8,615 were accumulated by Hutchin Hill Lp. Security Bancorp Of So Dak, Iowa-based fund reported 7,706 shares. Invest Counselors Of Maryland Limited Liability Com invested 0.08% of its portfolio in International Business Machines Corporation (NYSE:IBM). Sumitomo Mitsui Asset Mgmt Commerce Ltd reported 83,905 shares. 15,184 are owned by Moors & Cabot. State Of New Jersey Common Pension Fund D holds 718,800 shares or 0.42% of its portfolio. Wellington Shields And Company reported 30,440 shares. Tru Department Mb Fincl Bank N A holds 3,802 shares.

Culbertson A N & Co Inc, which manages about $278.97M and $327.67M US Long portfolio, upped its stake in Texas Instrs Inc (NASDAQ:TXN) by 12,975 shares to 16,568 shares, valued at $1.49 million in 2017Q3, according to the filing.

Among 31 analysts covering International Business Machines (NYSE:IBM), 12 have Buy rating, 4 Sell and 15 Hold. Therefore 39% are positive. International Business Machines had 114 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, January 4 by Guggenheim. The company was maintained on Friday, July 14 by Drexel Hamilton. The stock has “Underweight” rating by Barclays Capital on Wednesday, October 14. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, March 31 report. The stock of International Business Machines Corporation (NYSE:IBM) has “Sell” rating given on Wednesday, September 20 by Jefferies. Bernstein maintained International Business Machines Corporation (NYSE:IBM) rating on Tuesday, July 19. Bernstein has “Market Perform” rating and $140 target. The stock of International Business Machines Corporation (NYSE:IBM) earned “Buy” rating by Stifel Nicolaus on Thursday, January 12. RBC Capital Markets maintained the shares of IBM in report on Wednesday, July 19 with “Hold” rating. The company was maintained on Wednesday, June 7 by Stifel Nicolaus. On Wednesday, July 19 the stock rating was maintained by Bank of America with “Buy”.

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