IBM down more than 5% despite delivering a beat in quarterly earnings

IBM down more than 5% despite delivering a beat in quarterly earnings

The company has market cap of $115.75 billion. Out of 16 analysts polled in the last 3 months, 6 are bullish on IBM, 8 remain sidelined, while 2 are bearish on the stock's prospects. About 4.19 million shares traded. Strs Ohio stated it has 0.37% in International Business Machines Corporation (NYSE:IBM). IBM underperformed by 24.13% the S&P500.

Caz LP reported 5,840 shs stake. Sumitomo Mitsui owns 2.91 million shares for 0.58% of their portfolio. Canada Pension Plan Board reported 1.36 million shares. Founders Capital Management Llc who had been investing in Intl Business Machines for a number of months, seems to be less bullish one the $145.44B market cap company.

The stock increased 1.18% or $0.12 during the last trading session, reaching $10.28. Fca Tx stated it has 1,417 shares. It has underperformed by 47.96% the S&P500. Monument Capital Management bought a new stake in IBM in the fourth quarter valued at approximately $1,724,000.

Among 15 analysts covering Canadian Natural Resources Limited (NYSE:CNQ), 11 have Buy rating, 0 Sell and 4 Hold. Canadian Natural Resources Limited had 33 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, July 20 the stock rating was maintained by Jefferies with "Hold". The stock of Greenhill & Co., Inc. On Tuesday, July 18 the stock rating was maintained by Oppenheimer with "Hold". Stifel Nicolaus maintained the stock with "Buy" rating in Tuesday, December 8 report. The rating was maintained by Keefe Bruyette & Woods with "Buy" on Tuesday, January 30.

Among 18 analysts covering Mattel Inc.

Q1 EPS (non-GAAP) were $2.45, up 4% from the year before. After $0.32 actual earnings per share reported by iStar Inc. for the previous quarter, Wall Street now forecasts -125.00% negative EPS growth. It's down -0.64, from 1.67 in 2017Q3. It fall, as 17 investors sold TXMD shares while 25 reduced holdings. 888.76 million shares or 103.84% more from 436.00 million shares in 2017Q3 were reported. Meristem Llp holds 0.55% or 86,548 shares. Riverpoint Capital Management Ltd Llc holds 0.07% in General Electric Company (NYSE:GE) or 65,100 shares. Riggs Asset Managment has invested 0% in CenturyLink, Inc. (NASDAQ:TXMD). Sg Americas Limited Liability reported 104,028 shares. Corporate insiders own 0.17% of the company's stock. Now the institutional investor is holding 73,719 shares, compared to the 51,241 from the previous quarter.

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ILLEGAL ACTIVITY NOTICE: "IBM (IBM) Shares Sold by TNB Financial" was reported by Week Herald and is owned by of Week Herald. South State accumulated 258,379 shares. Meeder Asset Mgmt reported 105 shares.

Finally, First National Trust Co. increased its position in International Business Machines 1.6% in the third quarter. Its up 1.04, from 0.95 in 2017Q3. The ratio worsened, as 62 investment professionals opened new or increased stock positions, while 60 sold and trimmed holdings in Starent Networks Corp.

On an earnings call with analysts, IBM CFO James Kavanaugh said the company cut costs and took a $610 million charge in the first quarter, though he did not give details. Point72 Asia (Hong Kong) Ltd has 3,562 shares.

IBM shares, which has risen about five per cent this year, were down 5.6 per cent at US$151.85 in extended trading. Rockefeller Fincl holds 0.23% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 94,887 shares. Trustco Savings Bank N Y has invested 1.89% in International Business Machines Corporation (NYSE:IBM). Numeric Investors Limited owns 32,400 shares or 0% of their USA portfolio. Automobile Association holds 0.18% or 427,603 shares in its portfolio. 3,805 were accumulated by Aviance Capital Partners Ltd Llc. The Australia-based Amp Cap has invested 0.41% in International Business Machines Corporation (NYSE:IBM). Zwj Counsel Incorporated holds 0.21% or 155,713 shares in its portfolio. As it's published in Securities and Exchange form the stake in Apple Inc (NASDAQ:AAPL) is decreased by 36,194 shares to 136,499 shares.

Since January 31, 2018, it had 1 insider purchase, and 2 insider sales for $2.69 million activity.

In other news, insider Diane J. Gherson sold 5,000 shares of IBM stock in a transaction on Monday, February 26th. Old Mutual Customised Solutions (Proprietary) Limited holds 0.84% of its capital in International Business Machines Corporation (NYSE:IBM) for 53,654 shs. Therefore 62% are positive. International Business Machine now has $148.70 billion valuation. JP Morgan maintained the shares of IBM in report on Tuesday, April 19 with "Neutral" rating. BMO Capital Markets restated a hold rating and issued a $175.00 price objective on shares of IBM in a research note on Thursday, January 11th. "Buy" rating has 11, "Sell" are 0, while 5 are "Hold". Wells Fargo has "Market Perform" rating and $162.50 target. Morgan Stanley maintained it with "Overweight" rating and $27 target in Wednesday, March 29 report. On Wednesday, October 18 the stock rating was maintained by UBS with "Neutral". In Wednesday, March 21 report Morgan Stanley maintained it with "Buy" rating and $198.0 target.

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