As Intl Business Machines (IBM) Market Valuation Declined, American Beacon Advisors Has Increased Stake by $15.34 Million; As Graco (GGG) Stock Value Declined, Cardinal Capital Management Raised Position

April 25, 2018 - By Migdalia James

Graco Inc. (NYSE:GGG) Logo

American Beacon Advisors Inc increased its stake in Intl Business Machines Corp (IBM) by 26.81% based on its latest 2017Q4 regulatory filing with the SEC. American Beacon Advisors Inc bought 100 shares as the company’s stock declined 0.39% with the market. The institutional investor held 473 shares of the computer manufacturing company at the end of 2017Q4, valued at $72.57M, up from 373 at the end of the previous reported quarter. American Beacon Advisors Inc who had been investing in Intl Business Machines Corp for a number of months, seems to be bullish on the $134.09B market cap company. The stock decreased 0.21% or $0.3 during the last trading session, reaching $145.56. About 4.92 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since April 25, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Amy Minella increased its stake in Graco Incorporated (GGG) by 195.63% based on its latest 2017Q4 regulatory filing with the SEC. Cardinal Capital Management bought 14,909 shares as the company’s stock declined 0.59% with the market. The hedge fund run by Amy Minella held 22,530 shares of the fluid controls company at the end of 2017Q4, valued at $1.02M, up from 7,621 at the end of the previous reported quarter. Cardinal Capital Management who had been investing in Graco Incorporated for a number of months, seems to be bullish on the $7.57 billion market cap company. The stock decreased 3.76% or $1.75 during the last trading session, reaching $44.8. About 796,931 shares traded or 3.39% up from the average. Graco Inc. (NYSE:GGG) has risen 44.03% since April 25, 2017 and is uptrending. It has outperformed by 32.48% the S&P500.

American Beacon Advisors Inc, which manages about $52.95 billion and $9.35B US Long portfolio, decreased its stake in Verizon Communications Inc (NYSE:VZ) by 2,270 shares to 1,457 shares, valued at $77.12M in 2017Q4, according to the filing. It also reduced its holding in Altria Group Inc (NYSE:MO) by 1,197 shares in the quarter, leaving it with 1,094 shares, and cut its stake in Netapp Inc (NASDAQ:NTAP).

Investors sentiment increased to 1.03 in 2017 Q4. Its up 0.29, from 0.74 in 2017Q3. It is positive, as 54 investors sold IBM shares while 604 reduced holdings. 156 funds opened positions while 519 raised stakes. 504.07 million shares or 2.90% less from 519.10 million shares in 2017Q3 were reported. Sterneck Cap Management Ltd Liability Company holds 2.76% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 30,078 shares. Glovista Limited Liability Corporation accumulated 1,686 shares. Moreover, Bradley Foster And Sargent Inc Ct has 0.38% invested in International Business Machines Corporation (NYSE:IBM) for 68,885 shares. Bokf Na accumulated 72,989 shares. Cacti Asset Mgmt Limited Liability Corporation accumulated 16,670 shares. Vaughan David Invests Il stated it has 1.24% in International Business Machines Corporation (NYSE:IBM). Bluestein R H Com reported 7,305 shares. Webster Bank N A holds 0.32% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 15,046 shares. 45,485 were accumulated by Leuthold Grp Ltd Liability Co. Canandaigua Bank And Trust holds 0.98% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 35,514 shares. California-based Quantum Management has invested 0.23% in International Business Machines Corporation (NYSE:IBM). Moreover, Edgewood Mngmt Ltd Com has 0% invested in International Business Machines Corporation (NYSE:IBM) for 1,651 shares. Barclays Public Ltd Company owns 2.21 million shares. Chelsea Counsel Com reported 16,330 shares. Ubs Oconnor Limited Company holds 0.09% or 19,722 shares.

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. Morgan Stanley upgraded it to “Overweight” rating and $140 target in Thursday, February 18 report. Guggenheim initiated the stock with “Neutral” rating in Wednesday, January 4 report. BMO Capital Markets maintained International Business Machines Corporation (NYSE:IBM) rating on Sunday, November 26. BMO Capital Markets has “Hold” rating and $170.0 target. As per Thursday, October 5, the company rating was maintained by Stifel Nicolaus. The stock of International Business Machines Corporation (NYSE:IBM) earned “Outperform” rating by RBC Capital Markets on Wednesday, January 3. KeyBanc Capital Markets maintained International Business Machines Corporation (NYSE:IBM) on Tuesday, August 22 with “Hold” rating. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, July 19. The stock has “Buy” rating by Standpoint Research on Wednesday, July 19. The stock of International Business Machines Corporation (NYSE:IBM) earned “Hold” rating by KeyBanc Capital Markets on Wednesday, July 19. As per Tuesday, July 19, the company rating was maintained by Goldman Sachs.

Since January 31, 2018, it had 1 buying transaction, and 2 selling transactions for $2.69 million activity. $2.01M worth of International Business Machines Corporation (NYSE:IBM) was sold by Clementi Erich. 610 shares were bought by WADDELL FREDERICK H, worth $99,659 on Wednesday, January 31.

Among 15 analysts covering Graco Inc (NYSE:GGG), 2 have Buy rating, 0 Sell and 13 Hold. Therefore 13% are positive. Graco Inc had 36 analyst reports since September 15, 2015 according to SRatingsIntel. On Wednesday, January 3 the stock rating was maintained by RBC Capital Markets with “Hold”. Robert W. Baird maintained the stock with “Hold” rating in Wednesday, December 13 report. The rating was maintained by SunTrust on Tuesday, January 30 with “Hold”. The rating was initiated by Deutsche Bank on Wednesday, September 7 with “Hold”. RBC Capital Markets maintained it with “Hold” rating and $10400 target in Monday, June 5 report. As per Thursday, April 14, the company rating was downgraded by SunTrust. RBC Capital Markets maintained Graco Inc. (NYSE:GGG) rating on Monday, May 1. RBC Capital Markets has “Hold” rating and $104 target. The stock has “Hold” rating by RBC Capital Markets on Wednesday, October 11. The firm has “Peer Perform” rating given on Monday, July 31 by Wolfe Research. RBC Capital Markets maintained the stock with “Underperform” rating in Wednesday, January 27 report.

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

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