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Patten & Patten Has Trimmed Position in International Business Machine (IBM) as Stock Price Rose; Clover Partners LP Has Raised Its Holding in Select Bancorp New (SLCT) by $659,592 as Valuation Declined – The Financial Examiner

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Patten & Patten Inc decreased its stake in International Business Machine (IBM) by 32.29% based on its latest 2018Q4 regulatory filing with the SEC. Patten & Patten Inc sold 3,595 shares as the company’s stock rose 12.54% with the market. The institutional investor held 7,540 shares of the computer manufacturing company at the end of 2018Q4, valued at $857,000, down from 11,135 at the end of the previous reported quarter. Patten & Patten Inc who had been investing in International Business Machine for a number of months, seems to be less bullish one the $127.30B market cap company. The stock decreased 0.40% or $0.57 during the last trading session, reaching $143.06. About 1.50 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 10.00% since April 4, 2018 and is downtrending. It has underperformed by 14.37% the S&P500. Some Historical IBM News: 26/03/2018 – IBM chief Ginni Rometty said users should have more agency over their own data; 11/04/2018 – Global Financial Analytics Market Report 2017-2021 with Key Players IBM, Microsoft, Oracle and SAP Dominating – ResearchAndMarkets.com; 21/05/2018 – SYNCSORT ADVANCES SECURITY STRATEGY WITH ACQUISITION OF TOWNSEND SECURITY’S IBM l DATA PRIVACY PRODUCTS; 19/03/2018 – lntersections Inc. Launches Al-Powered Identity Theft Protection with IBM Watson; 23/05/2018 – Global Human Resource Outsourcing Market Outlook to 2022 – Accenture, ADP, IBM, lnfosys, and Randstad are Leading the Market – ResearchAndMarkets.com; 14/05/2018 – Apttus’ Intelligent Middle Office Platform on IBM Cloud Will Help Customers Generate Greater Revenue, Maximize Business Outcomes; 20/03/2018 – International Business Machines Corp: Doc re Form 8-K; 30/03/2018 – IBM sees quantum computing going mainstream within five years; 15/03/2018 – Help from MasterCard and IBM on EU data rules; 20/03/2018 – REG-lntnl Bus. Mach: Doc re Form 8-K

Clover Partners Lp increased its stake in Select Bancorp Inc New (SLCT) by 51.27% based on its latest 2018Q4 regulatory filing with the SEC. Clover Partners Lp bought 54,966 shares as the company’s stock declined 5.17% while stock markets rallied. The hedge fund held 162,181 shares of the finance company at the end of 2018Q4, valued at $2.01M, up from 107,215 at the end of the previous reported quarter. Clover Partners Lp who had been investing in Select Bancorp Inc New for a number of months, seems to be bullish on the $218.39M market cap company. The stock decreased 1.31% or $0.15 during the last trading session, reaching $11.3. About 1,707 shares traded. Select Bancorp, Inc. (NASDAQ:SLCT) has declined 12.25% since April 4, 2018 and is downtrending. It has underperformed by 16.62% the S&P500.

More notable recent Select Bancorp, Inc. (NASDAQ:SLCT) news were published by: Nasdaq.com which released: “Wednesday Sector Laggards: Energy, Healthcare – Nasdaq” on April 03, 2019, also Nasdaq.com with their article: “ETF Preview: ETFs, Futures Point to Modest Gains Ahead of Q4 GDP, Weekly Jobless Claims Data – Nasdaq” published on March 28, 2019, Nasdaq.com published: “Is Fidelity Select Financial Services (FIDSX) a Strong Mutual Fund Pick Right Now? – Nasdaq” on March 13, 2019. More interesting news about Select Bancorp, Inc. (NASDAQ:SLCT) were released by: Nasdaq.com and their article: “5 Top-Performing International ETFs of Q1 – Nasdaq” published on March 29, 2019 as well as Nasdaq.com‘s news article titled: “Primoris Services Corporation to Attend Seaport Global Investor Conference – Nasdaq” with publication date: March 19, 2019.

Investors sentiment decreased to 0.59 in 2018 Q4. Its down 0.32, from 0.91 in 2018Q3. It dived, as 129 investors sold IBM shares while 678 reduced holdings. 121 funds opened positions while 353 raised stakes. 523.62 million shares or 6.28% more from 492.69 million shares in 2018Q3 were reported. Moreover, Cambridge Research Advsr has 0.15% invested in International Business Machines Corporation (NYSE:IBM). 24,131 were accumulated by Culbertson A N And. Plante Moran Fin Advsr Llc reported 5,698 shares. Sequoia Advsrs Limited Liability Co holds 0.09% or 7,009 shares in its portfolio. Profund reported 22,108 shares. Ferguson Wellman Cap Management invested in 0.15% or 34,517 shares. Moreover, Wagner Bowman Management has 0.14% invested in International Business Machines Corporation (NYSE:IBM) for 5,220 shares. Captrust Finance Advsr holds 0.23% or 38,390 shares in its portfolio. Texas-based Syntal Ltd Llc has invested 0.43% in International Business Machines Corporation (NYSE:IBM). Gfs Advsr Ltd Company has 13,430 shares for 0.41% of their portfolio. Private Wealth Prtn Ltd Com owns 2,327 shares. Webster Bancorp N A holds 0.23% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 12,554 shares. Bank Of America De has 6.79M shares for 0.14% of their portfolio. Schaller Group holds 46,532 shares. Scotia Cap has invested 0.17% in International Business Machines Corporation (NYSE:IBM).

Patten & Patten Inc, which manages about $1.33 billion and $815.38 million US Long portfolio, upped its stake in Duke Energy Corp. (NYSE:DUK) by 7,229 shares to 72,252 shares, valued at $6.24M in 2018Q4, according to the filing. It also increased its holding in Abbott Laboratories (NYSE:ABT) by 128,055 shares in the quarter, for a total of 216,119 shares, and has risen its stake in Vanguard Dividend Appreciation (VIG).

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on April, 16. They expect $2.22 EPS, down 9.39% or $0.23 from last year’s $2.45 per share. IBM’s profit will be $1.98 billion for 16.11 P/E if the $2.22 EPS becomes a reality. After $4.87 actual EPS reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts -54.41% negative EPS growth.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: 247Wallst.com which released: “Alphabet, IBM and Other Tech Stocks With Recent Golden Crosses – 24/7 Wall St.” on April 04, 2019, also Bizjournals.com with their article: “IBM’s top North Carolina exec talks ‘Think Desk,’ expansion and Red Hat – Triangle Business Journal” published on March 13, 2019, Cnbc.com published: “If you invested $1,000 in IBM 10 years ago, here’s how much you’d have now – CNBC” on March 13, 2019. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM: Small Dividend Raise Coming? – Seeking Alpha” published on February 27, 2019 as well as Fool.com‘s news article titled: “Is International Business Machines (IBM) a Buy? – Motley Fool” with publication date: March 15, 2019.

Since October 31, 2018, it had 5 buys, and 0 selling transactions for $2.09 million activity. WADDELL FREDERICK H bought $249,722 worth of stock. Swedish Joseph bought $232,838 worth of stock. 8,500 shares valued at $998,835 were bought by Rometty Virginia M on Friday, November 2. OWENS JAMES W also bought $114,673 worth of International Business Machines Corporation (NYSE:IBM) on Wednesday, October 31.


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Source: on 2019-04-04 14:11:15

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