admin Based on its latest 2019Q1 regulatory filing with the SEC Wellington Shields & Company bought 2,200 shares and has increased its stake in International Business Machine (IBM) by 7.89%.
At the end of the previous reported quarter it was 27,899 and now the institutional investor held 30,099 shares of the computer manufacturing company at the end of 2019Q1 worth $4.25 million. Wellington Shields & Company, who had been investing in International Business Machine for a number of months, seems to be bullish on the $123.42 billion market cap company. The stock increased 0.25% or $0.35 during the last trading session, reaching $139.2. About 5.19 million shares traded or 51.29% up from the average Valuation of International Business Machine now is of $122.75 billion. The stock increased 0.99% or $1.36 during the last trading session, reaching $138.44. About 1.15 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.86% since June 20, 2018 and is down trending.
Investors sentiment increased to 1.03 in Q1 2019. It’s 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.
IBM had $116.1 billion in total services backlog at the end of 2018, which was down from $121.0 billion at the end of 2017. While most of that decline was due to negative foreign currency movements (the annual decline shrinks from 4% to 1% when using a constant currency adjustment)
The New York-based Hudson Bay Mgmt LP has invested 0.01% in International Business Machines Corporation (NYSE:IBM). Reliant Inv Mgmt Ltd Liability Company accumulated 0.59% or 5,320 shares. Appleton Prns Ma reported 8,031 shares stake. Dixon Hubard Feinour Brown Va stated it has 7,726 shares or 0.33% of all its holdings. Moreover, Swiss Natl Bank has 0.51% invested in International Business Machines Corporation (NYSE:IBM). Pggm Investments holds 0.85% in International Business Machines Corporation (NYSE:IBM) or 1.18M shares. Comml Bank Of Montreal Can owns 1.80 million shares. 1832 Asset Lp holds 3,079 shares. Clear Harbor Asset Mgmt Ltd Limited Liability Company reported 2,629 shares. Mutual Of Omaha Fincl Bank Wealth accumulated 11,978 shares or 0.51% of the stock. Johnson Fincl Incorporated holds 0.17% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 13,616 shares. Td Asset Mngmt owns 740,396 shares or 0.16% of their US portfolio. 327,621 are owned by Proshare Advsr Ltd. Argent Tru owns 35,687 shares.
Wellington Shields & Company decreased Universal Electronics (NASDAQ:UEIC) stake by 22,220 shares to 72,967 valued at $2.71 million in 2019Q1. It also reduced Zoetis Inc (NYSE:ZTS) stake by 3,200 shares and now owns 2,500 shares. Exxon Mobil Corp (NYSE:XOM) was reduced too.
Source: Stockbeat
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