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Beech Hill Advisors Stake in International Business Machs (IBM) Cut by $4.07 Million as Valuation Declined; As Comcast Cl A New (CMCSA) Stock Rose, Holder Wedbush Securities Has Upped Its Position – The DMinute

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Beech Hill Advisors Inc decreased its stake in International Business Machs (IBM) by 86.8% based on its latest 2018Q3 regulatory filing with the SEC. Beech Hill Advisors Inc sold 26,971 shares as the company’s stock declined 16.83% with the market. The institutional investor held 4,100 shares of the computer manufacturing company at the end of 2018Q3, valued at $620,000, down from 31,071 at the end of the previous reported quarter. Beech Hill Advisors Inc who had been investing in International Business Machs for a number of months, seems to be less bullish one the $99.13 billion market cap company. The stock decreased 1.67% or $1.86 during the last trading session, reaching $109.08. About 734,645 shares traded. International Business Machines Corporation (NYSE:IBM) has declined 21.12% since December 24, 2017 and is downtrending. It has underperformed by 21.12% the S&P500. Some Historical IBM News: 16/05/2018 – France’s Macron to meet CEOs of Facebook, Intel, IBM on May 23; 23/05/2018 – ‘There is no free lunch’, Macron tells tech giant CEOs; 17/04/2018 – IBM – “A HIGHER LEVEL OF WORKFORCE TRANSFORMATION ACTIVITY DROVE ANOTHER 6 POINTS OF EXPENSE GROWTH” IN THE QTR – CONF CALL; 19/03/2018 – Intersections Inc. Launches AI-Powered Identity Theft Protection with IBM Watson; 27/03/2018 – Stefanini Wins Award at IBM Think 2018 Event in Las Vegas; 17/04/2018 – IBM Turnaround Questioned on Slower Growth of New Businesses; 26/04/2018 – Jewelry companies team up with IBM on blockchain platform; 29/03/2018 – IBM: National reports coming in that IBM is doing major employee cuts throughout company. Anybody know if anything is happening in #rochmn?; 30/05/2018 – Komprise Announces Strategic Reseller Agreement With IBM To Enable Intelligent Data Management; 12/03/2018 – IBM Chairman, CEO V.M. Rometty 2017 Total Compensation $18.6 Million, Down From $32.7 Million a Year Earlier

Wedbush Securities Inc increased its stake in Comcast Corp Cl A New (CMCSA) by 20.95% based on its latest 2018Q3 regulatory filing with the SEC. Wedbush Securities Inc bought 8,879 shares as the company’s stock rose 2.72% while stock markets declined. The institutional investor held 51,257 shares of the television services company at the end of 2018Q3, valued at $1.82 million, up from 42,378 at the end of the previous reported quarter. Wedbush Securities Inc who had been investing in Comcast Corp Cl A New for a number of months, seems to be bullish on the $152.70 billion market cap company. The stock decreased 0.55% or $0.19 during the last trading session, reaching $33.56. About 2.58 million shares traded. Comcast Corporation (NASDAQ:CMCSA) has declined 1.43% since December 24, 2017 and is downtrending. It has underperformed by 1.43% the S&P500. Some Historical CMCSA News: 01/05/2018 – Loomis Sayles Value Cuts PNC, Buys More Comcast; 25/04/2018 – Comcast formalizes its $31 billion bid for British broadcaster Sky; 03/04/2018 – FOX FOXA.O PROPOSES FORMING NEW COMPANY CONTAINING SKY NEWS AS A POTENTIAL REMEDY FOR UK REGULATOR’S OBJECTIONS TO SKY SKYB.L TAKEOVER; 21/05/2018 – UK government does not intend to block Comcast-Sky deal; 10/05/2018 – U.S. ‘net neutrality’ rules will expire on June 11 – FCC; 11/03/2018 – Comcast disrupts Murdoch’s entertainment deal with Disney; 09/05/2018 – FOX: WILL MAKE ANNOUNCEMENT IN DUE COURSE AFTER COMCAST SKY BID; 01/05/2018 – New York Post: EXCLUSIVE: Female staffers at NBC News say they “felt forced” to sign a letter supporting Tom Brokaw against; 19/04/2018 – SKY SKYB.L CEO SAYS “NO INTEREST” IN RUNNING WPP; 03/05/2018 – Zola Announces $100M Series D Financing Led by Comcast Ventures With Participation From NBCUniversal and Goldman Sachs Investment Partners

Investors sentiment increased to 1.19 in Q3 2018. Its up 0.12, from 1.07 in 2018Q2. It increased, as 59 investors sold CMCSA shares while 451 reduced holdings. 126 funds opened positions while 483 raised stakes. 3.58 billion shares or 0.66% less from 3.60 billion shares in 2018Q2 were reported. Arrowstreet Capital Limited Partnership stated it has 0.05% in Comcast Corporation (NASDAQ:CMCSA). Fin Counselors Inc reported 36,081 shares. Proshare Advisors Ltd Liability invested in 2.65 million shares or 0.64% of the stock. The United Kingdom-based Veritas Investment Mngmt Limited Liability Partnership has invested 0.02% in Comcast Corporation (NASDAQ:CMCSA). 503,404 are held by Oregon Pub Employees Retirement Fund. 19,600 were accumulated by Nichols & Pratt Advisers Llp Ma. Pillar Pacific Capital Mgmt Limited Co reported 0.04% in Comcast Corporation (NASDAQ:CMCSA). The Alabama-based Associated Banc has invested 1.24% in Comcast Corporation (NASDAQ:CMCSA). Glob Thematic Prtn Ltd Limited Liability Company has invested 1.47% in Comcast Corporation (NASDAQ:CMCSA). George Kaiser Family Foundation owns 0.4% invested in Comcast Corporation (NASDAQ:CMCSA) for 35,875 shares. Gotham Asset Ltd Liability owns 732,183 shares. Timucuan Asset Management Fl has 3.39 million shares. Guinness Atkinson Asset Mgmt has 196,070 shares. Mcdonald Invsts Ca owns 6.79% invested in Comcast Corporation (NASDAQ:CMCSA) for 2.32 million shares. Whitnell And Communication invested in 0.04% or 2,547 shares.

Wedbush Securities Inc, which manages about $881.41M US Long portfolio, decreased its stake in Exxon Mobil Corp (NYSE:XOM) by 15,135 shares to 79,332 shares, valued at $6.75 million in 2018Q3, according to the filing. It also reduced its holding in First Trust (FTSM) by 10,652 shares in the quarter, leaving it with 3,972 shares, and cut its stake in Pg&E Corp (NYSE:PCG).

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Fool.com which released: “Cable Stocks Rose as Streaming Stocks Fell – The Motley Fool” on December 05, 2018, also Bizjournals.com with their article: “Year in Review: A new entertainment landscape takes shape – L.A. Biz” published on December 21, 2018, Seekingalpha.com published: “An AT&T Hulu stake sale could bring $930M – Seeking Alpha” on November 30, 2018. More interesting news about Comcast Corporation (NASDAQ:CMCSA) were released by: Seekingalpha.com and their article: “Quantenna Communications: Rapidly Growing WiFi Chip Designer At A Discount Valuation – Seeking Alpha” published on December 18, 2018 as well as Nasdaq.com‘s news article titled: “The Zacks Analyst Blog Highlights: Comcast, American Express, Bristol-Myers, T-Mobile and General Motors – Nasdaq” with publication date: December 17, 2018.

Among 36 analysts covering Comcast Corporation (NASDAQ:CMCSA), 27 have Buy rating, 0 Sell and 9 Hold. Therefore 75% are positive. Comcast Corporation had 98 analyst reports since July 27, 2015 according to SRatingsIntel. Guggenheim maintained the stock with “Buy” rating in Tuesday, December 19 report. The stock has “Outperform” rating by Robert W. Baird on Monday, July 30. The company was upgraded on Friday, October 26 by Credit Suisse. The rating was upgraded by Moffett Nathanson to “Buy” on Tuesday, September 12. On Wednesday, June 13 the stock rating was downgraded by Raymond James to “Market Perform”. On Thursday, January 25 the stock rating was maintained by Jefferies with “Buy”. Citigroup maintained it with “Buy” rating and $48 target in Wednesday, October 24 report. On Friday, July 24 the stock rating was maintained by UBS with “Buy”. The company was initiated on Wednesday, November 11 by SunTrust. As per Monday, October 23, the company rating was maintained by Wells Fargo.

Since September 21, 2018, it had 0 buys, and 3 selling transactions for $550,461 activity. BACON KENNETH J also sold $282,799 worth of Comcast Corporation (NASDAQ:CMCSA) on Monday, December 10.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on January, 17. They expect $4.86 EPS, down 6.18% or $0.32 from last year’s $5.18 per share. IBM’s profit will be $4.42B for 5.61 P/E if the $4.86 EPS becomes a reality. After $3.42 actual EPS reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 42.11% EPS growth.

Investors sentiment increased to 0.91 in Q3 2018. Its up 0.01, from 0.9 in 2018Q2. It is positive, as 65 investors sold IBM shares while 594 reduced holdings. 116 funds opened positions while 481 raised stakes. 492.69 million shares or 0.61% more from 489.70 million shares in 2018Q2 were reported. Fort LP has 6,208 shares for 0.21% of their portfolio. 1,492 were reported by Boyar Asset Mgmt Inc. Asset Grp has 0.28% invested in International Business Machines Corporation (NYSE:IBM). Cibc World holds 329,201 shares. State Farm Mutual Automobile stated it has 3.15% in International Business Machines Corporation (NYSE:IBM). And Invest Management Group Ltd accumulated 2,106 shares or 0.11% of the stock. Btr Capital invested in 0.12% or 4,691 shares. 29,360 were reported by City Hldgs. 1,815 were reported by Burns J W & Ny. Curbstone Financial has invested 0.36% in International Business Machines Corporation (NYSE:IBM). Wheatland Advsrs Inc accumulated 5,940 shares. Princeton Port Strategies Limited Company has 17,540 shares. Strs Ohio accumulated 426,735 shares. First Foundation Advisors holds 0.04% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 5,255 shares. Harvest Cap Mgmt Incorporated owns 1,878 shares.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM’s Price Makes Sense For Shareholders – Seeking Alpha” on September 12, 2018, also Seekingalpha.com with their article: “IBM taps Samsung for 7nm processes – Seeking Alpha” published on December 20, 2018, Bizjournals.com published: “IBM, Goldcorp seek gold with Watson-based mining product – New York Business Journal” on November 26, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Bizjournals.com and their article: “Red Hat proxy shows ‘opportunity’ for upset bids in IBM deal – Triangle Business Journal” published on December 13, 2018 as well as Seekingalpha.com‘s news article titled: “IBM: On Sale – Seeking Alpha” with publication date: October 01, 2018.

Since August 3, 2018, it had 5 buys, and 1 sale for $426,695 activity. $232,838 worth of International Business Machines Corporation (NYSE:IBM) was bought by Swedish Joseph on Thursday, November 1. Gherson Diane J also sold $1.67 million worth of International Business Machines Corporation (NYSE:IBM) shares. On Thursday, November 1 the insider WADDELL FREDERICK H bought $249,722. OWENS JAMES W bought $114,673 worth of International Business Machines Corporation (NYSE:IBM) on Wednesday, October 31. $998,835 worth of International Business Machines Corporation (NYSE:IBM) was bought by Rometty Virginia M on Friday, November 2.

Beech Hill Advisors Inc, which manages about $252.81M and $192.85 million US Long portfolio, upped its stake in Albemarle Corp (NYSE:ALB) by 9,076 shares to 33,307 shares, valued at $3.32M in 2018Q3, according to the filing. It also increased its holding in Dowdupont Inc by 49,636 shares in the quarter, for a total of 54,086 shares, and has risen its stake in At&T Inc (NYSE:T).

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

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Source: on 2018-12-24 10:02:53

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