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As Blackrock Com (BLK) Valuation Declined, Holder Patriot Wealth Management Lowered by $4.22 Million Its Holding; Ftb Advisors Has Upped Position in International Business Machine (IBM) as Shares Declined

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June 23, 2018 – By Maria Brooks

Ftb Advisors Inc increased its stake in International Business Machine (IBM) by 3.77% based on its latest 2018Q1 regulatory filing with the SEC. Ftb Advisors Inc bought 2,608 shares as the company’s stock declined 9.42% with the market. The institutional investor held 71,783 shares of the computer manufacturing company at the end of 2018Q1, valued at $11.07M, up from 69,175 at the end of the previous reported quarter. Ftb Advisors Inc who had been investing in International Business Machine for a number of months, seems to be bullish on the $129.69B market cap company. The stock increased 0.02% or $0.03 during the last trading session, reaching $141.28. About 6.01 million shares traded or 30.37% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since June 23, 2017 and is downtrending. It has underperformed by 18.81% the S&P500. Some Historical IBM News: 13/03/2018 – Zoom Video Communications Embedded into IBM Watson Workspace Plus; 19/03/2018 – lntersections Inc. Launches Al-Powered Identity Theft Protection with IBM Watson; 16/04/2018 – MARSH – CO IS DEVELOPING COMMERCIAL PROOF OF INSURANCE SOLUTION IN CONJUNCTION WITH IBM, WITH INPUT FROM ACORD, CUSTOMER FEEDBACK FROM ISN; 06/03/2018 – Robin Systems announces extension of Hybrid Cloud support to Microsoft Azure as well as for SAP HANA, MS-SQL, IBM DB2 & Package; 18/04/2018 – SiliconANGLE: IBM brings two key open-source developer tools together in its latest cloud service; 17/04/2018 – IBM – IN THE FIRST QUARTER, CURRENCY DROVE 5 OF THE 9 POINTS OF EXPENSE GROWTH- CONF CALL; 15/03/2018 – DNB Global IV Adds SunTrust Banks, Exits IBM; 15/05/2018 – IBM joins forces with a start-up to combine crypto with environmental credit trading; 04/04/2018 – Global Machine Translation Market 2018-2023 with Major Players Microsoft, IBM, Google and Lionbridge Technologies Profiled – ResearchAndMarkets.com; 15/03/2018 – Help from MasterCard and IBM on EU data rules

Patriot Wealth Management Inc decreased its stake in Blackrock Inc Com (BLK) by 48.15% based on its latest 2018Q1 regulatory filing with the SEC. Patriot Wealth Management Inc sold 7,806 shares as the company’s stock declined 4.32% with the market. The institutional investor held 8,407 shares of the finance company at the end of 2018Q1, valued at $4.55M, down from 16,213 at the end of the previous reported quarter. Patriot Wealth Management Inc who had been investing in Blackrock Inc Com for a number of months, seems to be less bullish one the $84.23 billion market cap company. The stock decreased 0.43% or $2.24 during the last trading session, reaching $522.74. About 524,851 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 32.79% since June 23, 2017 and is uptrending. It has outperformed by 20.22% the S&P500. Some Historical BLK News: 09/04/2018 – LIRA WEAKNESS TO CONTINUE UNTIL RATE HIKE: BLACKROCK’S HARRISON; 20/03/2018 – BlackRock Health Adds Amicus, Exits Daiichi Sankyo; 03/04/2018 – BlackRock Greater Europe Investment Trust Plc: Total Voting Rights; 17/05/2018 – Moody’s Assigns Aa2 Rating To Vrdps Issued By Blackrock New Jersey Municipal Income Trust; 09/05/2018 – BLACKROCK INC – ANNOUNCED A PARTNERSHIP WITH ACORNS; 12/04/2018 – BLACKROCK 1Q ADJ EPS $6.70, EST. $6.38; 13/03/2018 – BlackRock Commodities Income Investment Trust Plc: Result of AGM; 12/04/2018 – BlackRock stock gains as earnings easily beat Wall Street expectations; 13/04/2018 – Federated Investors takes majority stake in fund manager Hermes; 30/04/2018 – BlackRock Greater Europe Investment Trust Plc: Statement re Submission of Documents

Ftb Advisors Inc, which manages about $3.88 billion and $1.03 billion US Long portfolio, decreased its stake in Ishares S&P 500 Growth Etf (IVW) by 3,315 shares to 19,523 shares, valued at $3.03 million in 2018Q1, according to the filing. It also reduced its holding in Hp Inc by 229,401 shares in the quarter, leaving it with 152,110 shares, and cut its stake in Vanguard Long (VGLT).

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 rating was maintained by Drexel Hamilton on Friday, July 14 with “Buy”. The company was maintained on Monday, September 25 by KeyBanc Capital Markets. The company was maintained on Tuesday, October 20 by Stifel Nicolaus. The company was maintained on Tuesday, October 20 by RBC Capital Markets. The stock of International Business Machines Corporation (NYSE:IBM) has “Market Perform” rating given on Friday, November 20 by JMP Securities. The stock of International Business Machines Corporation (NYSE:IBM) earned “Neutral” rating by Guggenheim on Wednesday, January 4. The stock of International Business Machines Corporation (NYSE:IBM) earned “Buy” rating by Bank of America on Wednesday, July 19. The rating was maintained by Goldman Sachs with “Neutral” on Tuesday, July 19. On Friday, January 8 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, October 5.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Prnewswire.com which released: “IBM Boosts Support of Cloud-Native Capabilities” on June 21, 2018, also Investorplace.com with their article: “5 Cheap Technology Stocks Amid the Sector’s Weakness” published on June 22, 2018, Fool.com published: “3 Dividend Stocks That Pay You More Than IBM Does” on June 07, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM: A Long Work-In-Progress” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “IBM: Unimpressive And Overpriced” with publication date: June 05, 2018.

Investors sentiment increased to 1.11 in 2018 Q1. Its up 0.08, from 1.03 in 2017Q4. It is positive, as 60 investors sold IBM shares while 560 reduced holdings. 117 funds opened positions while 570 raised stakes. 501.15 million shares or 0.58% less from 504.07 million shares in 2017Q4 were reported. Finance Mngmt Professionals holds 4 shares. Whitnell And has 9,583 shares for 0.61% of their portfolio. Westpac Bk reported 93,649 shares. Trillium Asset Mgmt Ltd Liability Co owns 5,331 shares or 0.05% of their US portfolio. State Of Alaska Department Of Revenue reported 189,576 shares. Edgewood Mgmt Limited Liability reported 0% of its portfolio in International Business Machines Corporation (NYSE:IBM). Cetera Limited Liability accumulated 0.26% or 28,176 shares. Exxonmobil Inv Mngmt Tx accumulated 131,150 shares. Edge Wealth Mgmt Limited Liability Company reported 24,074 shares. Saba Capital Lp holds 0.55% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 64,019 shares. 86,950 are owned by Intact Invest Inc. Covington Capital Management holds 29,903 shares or 0.3% of its portfolio. 44,351 are held by Daiwa Securities Grp. Coldstream Capital invested in 3,441 shares or 0.06% of the stock. Forte Cap Limited Com Adv holds 0.7% in International Business Machines Corporation (NYSE:IBM) or 10,835 shares.

Since January 31, 2018, it had 1 buy, and 2 sales for $2.69 million activity. 5,000 shares valued at $780,000 were sold by Gherson Diane J on Monday, February 26. The insider Clementi Erich sold $2.01 million.

Patriot Wealth Management Inc, which manages about $1.25B and $702.31 million US Long portfolio, upped its stake in Apple Inc Com (NASDAQ:AAPL) by 28,467 shares to 141,617 shares, valued at $23.76M in 2018Q1, according to the filing. It also increased its holding in Technology Select Sector Spdr Fund (XLK) by 126,903 shares in the quarter, for a total of 289,151 shares, and has risen its stake in Dowdupont Inc Com.

Among 18 analysts covering BlackRock (NYSE:BLK), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. BlackRock had 90 analyst reports since August 26, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, January 8 by Deutsche Bank. Deutsche Bank maintained the stock with “Buy” rating in Thursday, June 16 report. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, October 13. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, August 26. The stock of BlackRock, Inc. (NYSE:BLK) earned “Buy” rating by Goldman Sachs on Thursday, September 28. As per Monday, June 18, the company rating was upgraded by Citigroup. The firm earned “Buy” rating on Thursday, October 15 by Deutsche Bank. Deutsche Bank maintained the shares of BLK in report on Friday, September 9 with “Buy” rating. Wood maintained it with “Outperform” rating and $360 target in Thursday, September 3 report. The stock of BlackRock, Inc. (NYSE:BLK) earned “Hold” rating by Jefferies on Tuesday, October 10.

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Seekingalpha.com which released: “BlackRock closing 16 US iShares ETFs in August” on June 19, 2018, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: BlackRock, Chevron, Disney, Intel, Kinder Morgan, Zillow and More” published on June 18, 2018, Seekingalpha.com published: “Recent Purchase: BlackRock” on June 18, 2018. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Investorplace.com and their article: “7 Founder-Led Companies to Own Forever” published on June 20, 2018 as well as Seekingalpha.com‘s news article titled: “CenturyLink Is A Great Value Play That Pays You 12% To Wait” with publication date: June 18, 2018.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

By1 Maria Brooks

Source: on 2018-06-23 12:30:00

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