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As Canadian Imperial Bank Of Commerce (CM) Stock Declined, Cardinal Capital Management Increased Position; Community Bank Has Lowered Stake in Intl Business Machines (IBM) as Shares Rose

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Community Bank decreased its stake in Intl Business Machines Corp (IBM) by 2.4% based on its latest 2019Q1 regulatory filing with the SEC. Community Bank sold 3,128 shares as the company’s stock rose 5.46% . The institutional investor held 127,118 shares of the computer manufacturing company at the end of 2019Q1, valued at $17.94 million, down from 130,246 at the end of the previous reported quarter. Community Bank who had been investing in Intl Business Machines Corp for a number of months, seems to be less bullish one the $120.59 billion market cap company. The stock decreased 2.83% or $3.97 during the last trading session, reaching $136.13. About 5.11 million shares traded or 39.17% up from the average. International Business Machines Corporation (NYSE:IBM) has risen 1.89% since August 11, 2018 and is uptrending. It has outperformed by 1.89% the S&P500. Some Historical IBM News: 21/03/2018 – IBM Watson, Mastercard, Walmart, CBS and PepsiCo Executives to Speak at the ARF’s CONSUMERxSCIENCE; 05/03/2018 IBM IBM.N SAYS SETTLES TRADE SECRETS LAWSUIT AGAINST DIVERSITY EXECUTIVE HIRED BY MICROSOFT CORP MSFT.O; 15/05/2018 – IBM Presenting at JPMorgan Conference Tomorrow; 15/05/2018 – Thycotic Announces IBM Security to OEM Privileged Identity Management Technology; 24/04/2018 – IBM Board Approves Increase In Quarterly Cash Dividend For The 23rd Consecutive Year; 16/04/2018 – UNISYS’S NEWFIELD FORMERLY DIRECTOR OF MSS FOR IBM; 08/05/2018 – IBM and Red Hat Join Forces to Accelerate Hybrid Cloud Adoption; 14/03/2018 – EV GROUP – PLANS TO INTEGRATE IBM’S PATENTED HYBRID LASER RELEASE PROCESS INTO EVG’S FIELD-PROVEN TEMPORARY BONDING AND DEBONDING EQUIPMENT SOLUTIONS; 16/05/2018 – FINJAN HOLDINGS – PURSUANT TO PATENT ASSIGNMENT DEAL, IBM ALSO ASSIGNED TO UNIT 1 EUROPEAN PENDING PATENT APPLICATION FOR UNDISCLOSED AMOUNT IN CASH; 19/03/2018 – lntersections Inc. Launches Al-Powered Identity Theft Protection with IBM Watson

Cardinal Capital Management Inc increased its stake in Canadian Imperial Bank Of Commerce (CM) by 1.34% based on its latest 2019Q1 regulatory filing with the SEC. Cardinal Capital Management Inc bought 8,165 shares as the company’s stock declined 6.36% . The institutional investor held 619,435 shares of the commercial banks company at the end of 2019Q1, valued at $48.95 million, up from 611,270 at the end of the previous reported quarter. Cardinal Capital Management Inc who had been investing in Canadian Imperial Bank Of Commerce for a number of months, seems to be bullish on the $33.82 billion market cap company. The stock decreased 0.35% or $0.27 during the last trading session, reaching $76.4. About 213,322 shares traded. Canadian Imperial Bank of Commerce (NYSE:CM) has declined 13.57% since August 11, 2018 and is downtrending. It has underperformed by 13.57% the S&P500. Some Historical CM News: 23/05/2018 – CANADIAN IMPERIAL BANK OF COMMERCE – QTRLY ADJUSTED DILUTED EPS $2.95; 27/03/2018 CANADIAN IMPERIAL BANK OF COMMERCE – DOMESTIC PUBLIC OFFERING OF $1.50 BLN OF 3.45% DEBENTURES DUE APRIL 4, 2028; 23/05/2018 – CANADIAN IMPERIAL BANK OF COMMERCE CM.TO – QTRLY SHR $2.89; 11/04/2018 – Report: Exploring Fundamental Drivers Behind Athene Holding, Aercap Holdings N.V, Amdocs, Signet Jewelers, Canadian Imperial Ba

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on October, 15. They expect $3.48 earnings per share, up 1.75% or $0.06 from last year’s $3.42 per share. IBM’s profit will be $3.08 billion for 9.78 P/E if the $3.48 EPS becomes a reality. After $3.17 actual earnings per share reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 9.78% EPS growth.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM, Chainyard launch supplier blockchain network – Seeking Alpha” on August 05, 2019, also Nasdaq.com with their article: “Friday’s Vital Data: IBM, Microsoft and Barrick Gold – Nasdaq” published on July 19, 2019, Investorplace.com published: “IBM Stops Buybacks to Pay for Red Hat – Investorplace.com” on August 09, 2019. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Fool.com and their article: “After Hours: Netflix, IBM, and eBay Deliver Q2 Results – The Motley Fool” published on July 17, 2019 as well as Bizjournals.com‘s news article titled: “Analyst: IBM sets the stage for Red Hat contribution on call – Triangle Business Journal” with publication date: July 17, 2019.

Investors sentiment increased to 1.03 in Q1 2019. Its up 0.44, from 0.59 in 2018Q4. It increased, as 67 investors sold IBM shares while 524 reduced holdings. 142 funds opened positions while 468 raised stakes. 473.01 million shares or 9.66% less from 523.62 million shares in 2018Q4 were reported. Fagan Associate holds 18,180 shares. Dupont Mngmt Corporation has invested 0.06% in International Business Machines Corporation (NYSE:IBM). A D Beadell Investment Counsel holds 1.3% or 10,355 shares. Meritage Portfolio Mngmt holds 0.43% or 30,142 shares. Moreover, Adirondack Trust has 0.69% invested in International Business Machines Corporation (NYSE:IBM). Allstate holds 0.21% or 56,512 shares in its portfolio. Penbrook Limited Liability Company owns 1,700 shares for 0.25% of their portfolio. Bonness Enter has 2.7% invested in International Business Machines Corporation (NYSE:IBM). Brown Capital Mngmt Ltd Liability Co holds 0% or 1,978 shares. Patten And Patten Inc Tn holds 0.11% or 7,233 shares in its portfolio. Moreover, Gamco Et Al has 0.02% invested in International Business Machines Corporation (NYSE:IBM). First Republic Management Inc holds 0.27% or 362,866 shares. Field And Main Fincl Bank accumulated 2,785 shares or 0.37% of the stock. Moreover, Axa has 0.37% invested in International Business Machines Corporation (NYSE:IBM). Chemung Canal Trust has invested 0.17% in International Business Machines Corporation (NYSE:IBM).

Community Bank, which manages about $495.01M US Long portfolio, upped its stake in Apple Inc (NASDAQ:AAPL) by 1,754 shares to 102,803 shares, valued at $19.53 million in 2019Q1, according to the filing.

Cardinal Capital Management Inc, which manages about $1.84 billion and $999.93 million US Long portfolio, decreased its stake in Cisco Systems Inc. (NASDAQ:CSCO) by 25,690 shares to 415,980 shares, valued at $22.46M in 2019Q1, according to the filing. It also reduced its holding in Vf Corporation (NYSE:VFC) by 6,949 shares in the quarter, leaving it with 208,965 shares, and cut its stake in Gildan Activewear Inc. (NYSE:GIL).

More notable recent Canadian Imperial Bank of Commerce (NYSE:CM) news were published by: Stockhouse.com which released: “Media Advisory – CIBC to Announce Third Quarter 2019 Results on August 22, 2019 – Stockhouse” on August 06, 2019, also Stockhouse.com with their article: “CIBC Announces Results of Conversion Privileges of NVCC Preferred Shares Series 39 – Stockhouse” published on July 18, 2019, Fool.ca published: “TFSA Investors: 2 Cheap Stocks for a Dividend Portfolio – The Motley Fool Canada” on August 01, 2019. More interesting news about Canadian Imperial Bank of Commerce (NYSE:CM) were released by: Fool.ca and their article: “Forget Bitcoin: Here Is 1 Stock to Buy Instead – The Motley Fool Canada” published on July 16, 2019 as well as Fool.ca‘s news article titled: “2 Terrific Bank Stocks to Buy and Forget About for 20 Years – The Motley Fool Canada” with publication date: August 01, 2019.

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

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Source: on 2019-08-11 11:00:41

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