International Business Machines (IBM) Position Increased by Palo Capital Inc; Altria Group Com (MO) Shareholder Cullen Frost Bankers Has Cut Its Holding

December 29, 2017 - By Hazel Jackson

William Leland Edwards increased its stake in International Business Machines (IBM) by 39.23% based on its latest 2017Q3 regulatory filing with the SEC. Palo Capital Inc bought 7,558 shares as the company’s stock declined 15.88% while stock markets rallied. The hedge fund run by William Leland Edwards held 26,825 shares of the computer manufacturing company at the end of 2017Q3, valued at $3.89 million, up from 19,267 at the end of the previous reported quarter. Palo Capital Inc who had been investing in International Business Machines for a number of months, seems to be bullish on the $142.51B market cap company. The stock decreased 0.07% or $0.105 during the last trading session, reaching $153.935. About 1.72 million shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since December 29, 2016 and is uptrending. It has underperformed by 11.84% the S&P500.

Cullen Frost Bankers Inc decreased its stake in Altria Group Inc Com (MO) by 5.31% based on its latest 2017Q3 regulatory filing with the SEC. Cullen Frost Bankers Inc sold 6,325 shares as the company’s stock declined 2.84% while stock markets rallied. The institutional investor held 112,819 shares of the farming and seeds and milling company at the end of 2017Q3, valued at $7.16M, down from 119,144 at the end of the previous reported quarter. Cullen Frost Bankers Inc who had been investing in Altria Group Inc Com for a number of months, seems to be less bullish one the $136.88B market cap company. The stock increased 0.65% or $0.463 during the last trading session, reaching $71.733. About 2.48M shares traded. Altria Group, Inc. (NYSE:MO) has risen 11.92% since December 29, 2016 and is uptrending. It has underperformed by 4.78% the S&P500.

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. Anchor Limited Liability Corporation has 0.01% invested in International Business Machines Corporation (NYSE:IBM). United Ser Automobile Association holds 411,332 shares. State Board Of Administration Of Florida Retirement Systems stated it has 0.49% of its portfolio in International Business Machines Corporation (NYSE:IBM). 2,565 are held by Jlb And Assoc. Steinberg Glob Asset accumulated 5,079 shares. Pennsylvania Tru Com reported 0.54% in International Business Machines Corporation (NYSE:IBM). Whittier, a California-based fund reported 80,612 shares. Pacifica Cap Investments Limited Liability has 1,800 shares. Putnam Fl Investment Mngmt Co holds 0.07% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 5,331 shares. Reynders Mcveigh Capital Management has 0.98% invested in International Business Machines Corporation (NYSE:IBM). Invest Limited Oh Adv holds 3,912 shares or 0.49% of its portfolio. Sii Invs Inc Wi holds 0.27% or 32,938 shares. Reilly Advisors Limited Liability Company holds 1,728 shares or 0.04% of its portfolio. Strategic Advsrs Ltd invested 0.13% of its portfolio in International Business Machines Corporation (NYSE:IBM). Eastern Financial Bank holds 0.09% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 8,856 shares.

Among 31 analysts covering International Business Machines (NYSE:IBM), 10 have Buy rating, 5 Sell and 16 Hold. Therefore 32% are positive. International Business Machines had 111 analyst reports since July 21, 2015 according to SRatingsIntel. Standpoint Research upgraded International Business Machines Corporation (NYSE:IBM) rating on Wednesday, July 19. Standpoint Research has “Buy” rating and $17500 target. The company was maintained on Thursday, August 31 by RBC Capital Markets. The rating was maintained by Credit Suisse with “Underperform” on Tuesday, October 18. The rating was initiated by Wedbush with “Hold” on Thursday, August 3. The stock of International Business Machines Corporation (NYSE:IBM) earned “Hold” rating by KeyBanc Capital Markets on Tuesday, August 22. As per Friday, October 16, the company rating was initiated by Cantor Fitzgerald. The firm has “Sector Perform” rating given on Tuesday, October 20 by RBC Capital Markets. The company was maintained on Thursday, October 5 by Stifel Nicolaus. The company was maintained on Monday, September 25 by KeyBanc Capital Markets. As per Monday, October 5, the company rating was maintained by RBC Capital Markets.

Cullen Frost Bankers Inc, which manages about $3.05B US Long portfolio, upped its stake in Bank Of America Corp Com (NYSE:BAC) by 185,991 shares to 681,514 shares, valued at $17.27 million in 2017Q3, according to the filing. It also increased its holding in Tyson Foods Inc Class A (NYSE:TSN) by 67,610 shares in the quarter, for a total of 195,186 shares, and has risen its stake in Vanguard Ftse All World Ex (VEU).

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.02, from 0.91 in 2017Q2. It dropped, as 91 investors sold MO shares while 516 reduced holdings. 118 funds opened positions while 420 raised stakes. 1.17 billion shares or 0.77% more from 1.16 billion shares in 2017Q2 were reported. 441,244 were reported by Hartford Investment. Hilton Cap Ltd Liability Com reported 0.08% in Altria Group, Inc. (NYSE:MO). Northwestern Mutual Wealth owns 275,280 shares or 0.12% of their US portfolio. Ironwood Lc has invested 0.03% of its portfolio in Altria Group, Inc. (NYSE:MO). 9,967 were reported by Harvey Inv Commerce Limited Liability. Bollard Gp Ltd Limited Liability Company owns 166,919 shares. 66,100 were accumulated by Kemper Master Retirement Tru. Utah-based Utah Retirement Systems has invested 0.51% in Altria Group, Inc. (NYSE:MO). Timber Creek Cap Mngmt Lc accumulated 1,440 shares. Inr Advisory Svcs Lc holds 1,800 shares or 0.02% of its portfolio. Patten Gru invested in 30,354 shares. Mcgowan Asset Incorporated accumulated 12,760 shares or 0.16% of the stock. Roosevelt Invest Grp Incorporated reported 6,818 shares. Welch Forbes Lc holds 32,060 shares. Westpac Bk Corporation reported 125,268 shares.

Among 19 analysts covering Altria Group Inc. (NYSE:MO), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Altria Group Inc. had 52 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Buy” rating by Piper Jaffray given on Thursday, September 14. Jefferies maintained the shares of MO in report on Thursday, August 24 with “Hold” rating. Cowen & Co maintained Altria Group, Inc. (NYSE:MO) rating on Thursday, October 26. Cowen & Co has “Buy” rating and $72.0 target. The firm earned “Hold” rating on Tuesday, October 3 by RBC Capital Markets. The firm earned “Outperform” rating on Thursday, July 30 by Credit Agricole. The company was downgraded on Thursday, March 24 by Bank of America. Berenberg initiated Altria Group, Inc. (NYSE:MO) on Tuesday, June 14 with “Buy” rating. The company was maintained on Monday, July 17 by Stifel Nicolaus. The company was maintained on Friday, October 27 by UBS. On Tuesday, November 3 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”.