Welch Group Has Raised Intl Business Machines (IBM) Holding By $551,435; Chevy Chase Trust Holdings Lowered Target (TGT) Position By $5.45 Million

January 14, 2018 - By Nellie Frank

Welch Group Llc increased Intl Business Machines (IBM) stake by 3.75% reported in 2017Q3 SEC filing. Welch Group Llc acquired 3,803 shares as Intl Business Machines (IBM)’s stock declined 15.88%. The Welch Group Llc holds 105,095 shares with $15.25 million value, up from 101,292 last quarter. Intl Business Machines now has $151.03 billion valuation. The stock decreased 0.65% or $1.06 during the last trading session, reaching $163.14. About 5.03M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since January 14, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Chevy Chase Trust Holdings Inc decreased Target Corp (TGT) stake by 12.47% reported in 2017Q3 SEC filing. Chevy Chase Trust Holdings Inc sold 92,308 shares as Target Corp (TGT)’s stock declined 14.90%. The Chevy Chase Trust Holdings Inc holds 648,079 shares with $38.24 million value, down from 740,387 last quarter. Target Corp now has $41.75 billion valuation. The stock increased 3.78% or $2.8 during the last trading session, reaching $76.8. About 14.85M shares traded or 94.55% up from the average. Target Corporation (NYSE:TGT) has declined 16.51% since January 14, 2017 and is downtrending. It has underperformed by 33.21% the S&P500.

Analysts await Target Corporation (NYSE:TGT) to report earnings on February, 27. They expect $1.19 EPS, down 17.93% or $0.26 from last year’s $1.45 per share. TGT’s profit will be $646.85M for 16.13 P/E if the $1.19 EPS becomes a reality. After $0.91 actual EPS reported by Target Corporation for the previous quarter, Wall Street now forecasts 30.77% EPS growth.

Among 28 analysts covering Target Corporation (NYSE:TGT), 8 have Buy rating, 3 Sell and 17 Hold. Therefore 29% are positive. Target Corporation had 81 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, June 20, the company rating was maintained by Jefferies. The company was maintained on Thursday, February 25 by M Partners. The company was maintained on Thursday, February 4 by Piper Jaffray. The company was initiated on Friday, July 29 by Miller Tabak. The stock of Target Corporation (NYSE:TGT) earned “Hold” rating by UBS on Monday, June 19. The rating was maintained by Goldman Sachs with “Neutral” on Friday, May 20. The firm has “Hold” rating given on Sunday, September 6 by Deutsche Bank. Robert W. Baird maintained the stock with “Hold” rating in Monday, October 2 report. The firm earned “Hold” rating on Thursday, August 31 by Jefferies. Gordon Haskett initiated the stock with “Sell” rating in Tuesday, May 9 report.

Chevy Chase Trust Holdings Inc increased Prudential Finl Inc (NYSE:PRU) stake by 2,835 shares to 373,015 valued at $39.66 million in 2017Q3. It also upped Facebook Inc (NASDAQ:FB) stake by 30,678 shares and now owns 2.08M shares. Autodesk Inc (NASDAQ:ADSK) was raised too.

Investors sentiment increased to 0.74 in Q3 2017. Its up 0.02, from 0.72 in 2017Q2. It is positive, as 70 investors sold IBM shares while 676 reduced holdings. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Pnc Fincl Svcs Gp Inc Inc has invested 0.35% in International Business Machines Corporation (NYSE:IBM). Finemark Bancorporation And stated it has 0.25% in International Business Machines Corporation (NYSE:IBM). Davidson And Garrard accumulated 16,081 shares. 1,500 are held by New South Cap Mgmt Inc. Cleararc reported 0.53% of its portfolio in International Business Machines Corporation (NYSE:IBM). State Bank stated it has 136,206 shares. Modera Wealth Mgmt Ltd Liability holds 0.3% or 9,096 shares in its portfolio. Boston Advsrs Limited Liability Corporation owns 10,950 shares for 0.04% of their portfolio. 10,743 are owned by Kwmg Ltd Co. Conestoga Cap Advsrs Ltd Liability Corp invested in 0.01% or 2,305 shares. Montag A & Incorporated has invested 0.65% in International Business Machines Corporation (NYSE:IBM). State Of Tennessee Treasury Department accumulated 0.23% or 317,023 shares. Asset has invested 0.63% in International Business Machines Corporation (NYSE:IBM). Moreover, Riggs Asset Managment Company has 0.09% invested in International Business Machines Corporation (NYSE:IBM). Bonness invested in 3.06% or 29,464 shares.

Among 31 analysts covering International Business Machines (NYSE:IBM), 11 have Buy rating, 5 Sell and 15 Hold. Therefore 35% are positive. International Business Machines had 113 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs maintained the shares of IBM in report on Tuesday, July 19 with “Neutral” rating. Societe Generale upgraded the shares of IBM in report on Monday, September 26 to “Hold” rating. As per Wednesday, January 3, the company rating was upgraded by RBC Capital Markets. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, October 5. The stock has “Underweight” rating by Barclays Capital on Wednesday, October 18. The stock has “Hold” rating by Guggenheim on Thursday, July 13. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, April 19. On Tuesday, July 19 the stock rating was maintained by UBS with “Neutral”. The stock of International Business Machines Corporation (NYSE:IBM) has “Buy” rating given on Thursday, August 27 by S&P Research. Stifel Nicolaus maintained the shares of IBM in report on Friday, January 8 with “Buy” rating.

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