/International Business Machs (IBM) Market Value Declined While Credit Agricole S A Has Trimmed Its Stake; As Ensco Plc (ESV) Share Value Declined, Luminus Management Has Raised Stake (via Qpute.com)
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International Business Machs (IBM) Market Value Declined While Credit Agricole S A Has Trimmed Its Stake; As Ensco Plc (ESV) Share Value Declined, Luminus Management Has Raised Stake (via Qpute.com)


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Credit Agricole S A decreased its stake in International Business Machs (IBM) by 26.77% based on its latest 2019Q1 regulatory filing with the SEC. Credit Agricole S A sold 4,085 shares as the company’s stock declined 2.27% while stock markets rallied. The institutional investor held 11,177 shares of the computer manufacturing company at the end of 2019Q1, valued at $1.58M, down from 15,262 at the end of the previous reported quarter. Credit Agricole S A who had been investing in International Business Machs for a number of months, seems to be less bullish one the $123.42B market cap company. The stock increased 0.25% or $0.35 during the last trading session, reaching $139.2. About 5.19M shares traded or 51.29% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 6.86% since June 22, 2018 and is downtrending. It has underperformed by 11.29% the S&P500. Some Historical IBM News: 19/03/2018 – MEDIA-IBM Germany to sell parts of services ops to Bechtle -Wirtschaftswoche; 30/03/2018 – IBM sees quantum computing going mainstream within five years; 27/03/2018 – ITALY’S CARIGE SAYS SALE OF 1 BLN EUROS OF BAD LOANS WILL BE CARRIED OUT WITH GACS STATE-BACKED GUARANTEES; 29/05/2018 – IBM Presenting at Bank of America Conference Jun 5; 11/04/2018 – CA Senate Dems: Senator Portantino & IBM’s Proposal to Strengthen the High School Career Pathway Passes Education Committee; 26/04/2018 – HOST HOTELS & RESORTS INC – COMPANIES WILL COLLABORATE TO DEVELOP PREDICTIVE MODELS DESIGNED TO IMPROVE INVESTMENT DECISIONS; 22/03/2018 – MOVES-Ernst & Young hires three executive directors, principal; 30/05/2018 – Komprise Announces Strategic Reseller Agreement With IBM To Enable Intelligent Data Management; 04/05/2018 – BUFFETT SAYS BERKSHIRE HATHAWAY SOLD COMPLETELY OUT OF IBM:CNBC; 26/04/2018 – CEO of UK’s TSB bank drafts in IBM to fix online banking problems

Luminus Management Llc increased its stake in Ensco Plc (ESV) by 34.13% based on its latest 2019Q1 regulatory filing with the SEC. Luminus Management Llc bought 4.40 million shares as the company’s stock declined 36.83% while stock markets rallied. The hedge fund held 17.30 million shares of the oil & gas production company at the end of 2019Q1, valued at $67.99M, up from 12.90M at the end of the previous reported quarter. Luminus Management Llc who had been investing in Ensco Plc for a number of months, seems to be bullish on the $1.54B market cap company. The stock decreased 0.89% or $0.07 during the last trading session, reaching $7.79. About 9.49M shares traded or 38.05% up from the average. Ensco Rowan plc (NYSE:ESV) has declined 57.06% since June 22, 2018 and is downtrending. It has underperformed by 61.49% the S&P500. Some Historical ESV News: 22/05/2018 – Ensco plc Announces Cash Dividend; 25/04/2018 – Ensco 1Q Rev $417M; 15/03/2018 – ENSCO PLC ESV.N : ASSUMING COVERAGE WITH NEUTRAL RATING AND TARGET PRICE OF $8; 16/03/2018 – CORRECTED-ENSCO PLC ESV.N : CREDIT SUISSE ASSUMING COVERAGE WITH NEUTRAL RATING AND TARGET PRICE OF $8 (ADDS BROKERAGE NAME); 25/04/2018 – ENSCO PLC ESV.N – QTRLY SHR LOSS $0.32; 25/04/2018 – ENSCO 1Q OPER REV. $417M, EST. $421.6M; 18/05/2018 – Ensco Forms Golden Cross: Technicals; 13/04/2018 – Ensco Closes Above 200-Day Moving Average: Technicals; 14/05/2018 – Elephas Investment Buys New 1.9% Position in Ensco; 25/04/2018 – ENSCO PLC ESV.N – QTRLY TOTAL RIG UTILIZATION 54% VS 58%

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on July, 17. They expect $3.06 EPS, down 0.65% or $0.02 from last year’s $3.08 per share. IBM’s profit will be $2.71 billion for 11.37 P/E if the $3.06 EPS becomes a reality. After $2.25 actual EPS reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 36.00% EPS growth.

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. Raab & Moskowitz Asset Mngmt Limited Liability Corp reported 1,430 shares. Thomas Story Son Ltd Liability Co holds 0.16% or 2,160 shares in its portfolio. Glenview Bank & Trust Tru Dept holds 5,515 shares or 0.33% of its portfolio. Compton Capital Management Ri holds 8,312 shares or 0.51% of its portfolio. Iberiabank Corp owns 1,602 shares for 0.03% of their portfolio. Southeast Asset Advsrs reported 1,822 shares. Excalibur Mgmt Corp invested in 8,102 shares. North Carolina-based Altavista Wealth has invested 0.14% in International Business Machines Corporation (NYSE:IBM). Golub Group Inc Inc Ltd Com has invested 0.17% in International Business Machines Corporation (NYSE:IBM). Barclays Public Limited Company has invested 0.23% of its portfolio in International Business Machines Corporation (NYSE:IBM). Hendershot reported 0.06% in International Business Machines Corporation (NYSE:IBM). The California-based Intersect Limited Liability Company has invested 0.18% in International Business Machines Corporation (NYSE:IBM). Banque Pictet And Cie invested in 10,580 shares. Telemus Capital Ltd Liability Corporation invested in 4,494 shares or 0.05% of the stock. Gamble Jones Investment Counsel owns 21,264 shares for 0.27% of their portfolio.

Credit Agricole S A, which manages about $1.83B US Long portfolio, upped its stake in Advanced Micro Devices Inc (NASDAQ:AMD) by 51,550 shares to 151,550 shares, valued at $3.87M in 2019Q1, according to the filing. It also increased its holding in Transdigm Group Inc (NYSE:TDG) by 7,300 shares in the quarter, for a total of 25,650 shares, and has risen its stake in Alphabet Inc.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Fool.com which released: “The FDA Taps IBM for Pharmaceutical Blockchain Pilot – The Motley Fool” on June 13, 2019, also Finance.Yahoo.com with their article: “IBM Celebrates Women Business Pioneers In Artificial Intelligence – Yahoo Finance” published on June 11, 2019, Investorplace.com published: “Will IBM’s Huge Bet on Red Hat Pay Off? – Investorplace.com” on June 04, 2019. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Fool.com and their article: “3 Top Artificial Intelligence Stocks to Watch in June – The Motley Fool” published on June 16, 2019 as well as Finance.Yahoo.com‘s news article titled: “Naturgy, One of Spain’s Leading Utility Companies, Signs Hybrid Cloud Services Agreement with IBM to Boost Digital Transformation – Yahoo Finance” with publication date: June 20, 2019.

Luminus Management Llc, which manages about $3.51 billion and $4.66B US Long portfolio, decreased its stake in Spdr S&P 500 Etf Trust (Put) (SPY) by 965,000 shares to 360,000 shares, valued at $101.69M in 2019Q1, according to the filing. It also reduced its holding in Tyson Foods Inc (NYSE:TSN) by 198,119 shares in the quarter, leaving it with 164,492 shares, and cut its stake in Nucor Corp (NYSE:NUE).

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

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