Burns J W & Co Decreased Position in Ibm (IBM) by $486,846; Tci Wealth Advisors Lifted Its Qualcomm (QCOM) Stake

May 18, 2018 - By Peter Erickson

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Burns J W & Co Inc decreased its stake in Ibm (IBM) by 64.06% based on its latest 2017Q4 regulatory filing with the SEC. Burns J W & Co Inc sold 3,182 shares as the company’s stock declined 0.39% with the market. The institutional investor held 1,785 shares of the computer manufacturing company at the end of 2017Q4, valued at $274,000, down from 4,967 at the end of the previous reported quarter. Burns J W & Co Inc who had been investing in Ibm for a number of months, seems to be less bullish one the $132.65 billion market cap company. The stock decreased 0.09% or $0.13 during the last trading session, reaching $144.5. About 3.15M shares traded. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since May 18, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Tci Wealth Advisors Inc increased its stake in Qualcomm Inc (QCOM) by 212.2% based on its latest 2017Q4 regulatory filing with the SEC. Tci Wealth Advisors Inc bought 5,305 shares as the company’s stock declined 15.28% with the market. The institutional investor held 7,805 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $500,000, up from 2,500 at the end of the previous reported quarter. Tci Wealth Advisors Inc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $84.44 billion market cap company. The stock increased 0.44% or $0.25 during the last trading session, reaching $56.95. About 9.46M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since May 18, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Since January 9, 2018, it had 0 buys, and 8 insider sales for $7.62 million activity. $3.14 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by THOMPSON JAMES H on Friday, March 9. $618,603 worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by Rosenberg Donald J. Another trade for 16,082 shares valued at $852,989 was made by AMON CRISTIANO R on Tuesday, May 8. Shares for $2.81 million were sold by GROB MATTHEW S.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 2 Sell and 20 Hold. Therefore 41% are positive. Qualcomm Inc. had 155 analyst reports since July 23, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of QCOM in report on Wednesday, April 4 with “Buy” rating. As per Thursday, September 29, the company rating was maintained by Argus Research. The company was maintained on Thursday, January 28 by Topeka Capital Markets. The rating was maintained by Northland Capital with “Buy” on Thursday, February 1. Mizuho upgraded it to “Buy” rating and $75 target in Friday, September 30 report. The rating was maintained by Raymond James with “Hold” on Thursday, July 20. The firm earned “Hold” rating on Thursday, August 24 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, January 16 by Susquehanna. The rating was maintained by Deutsche Bank with “Hold” on Thursday, July 20. The firm has “Hold” rating by Bernstein given on Wednesday, July 19.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It fall, as 89 investors sold QCOM shares while 518 reduced holdings. 160 funds opened positions while 346 raised stakes. 1.11 billion shares or 0.73% more from 1.10 billion shares in 2017Q3 were reported. Whittier Tru Com accumulated 43,533 shares. Segall Bryant And Hamill Lc reported 40,498 shares. Alliancebernstein Limited Partnership holds 0.18% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 3.96M shares. Koch holds 0.29% or 31,000 shares in its portfolio. Moreover, Butensky Cohen Security Inc has 1.79% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Asset Mngmt holds 0.21% or 5,495 shares. Comerica Bancshares has invested 0.18% in QUALCOMM Incorporated (NASDAQ:QCOM). Rhode Island-based Washington Com has invested 0% in QUALCOMM Incorporated (NASDAQ:QCOM). Tower Cap Limited Liability Co (Trc) has invested 0.21% in QUALCOMM Incorporated (NASDAQ:QCOM). Tennessee-based First Mercantile Tru Com has invested 0.29% in QUALCOMM Incorporated (NASDAQ:QCOM). Gam Holdg Ag, a Switzerland-based fund reported 12,989 shares. Cwm Lc reported 1.48% stake. 6,984 were accumulated by Mitchell Mcleod Pugh And Williams Incorporated. Edgar Lomax Com Va has invested 1.23% in QUALCOMM Incorporated (NASDAQ:QCOM). Stephens Ar has invested 0.28% in QUALCOMM Incorporated (NASDAQ:QCOM).

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Benzinga.com which released: “Dan Nathan Sees Unusual Options Activity In Qualcomm” on May 15, 2018, also Nasdaq.com with their article: “China Eases the Pressure on Qualcomm’s NXP Deal” published on May 15, 2018, 247Wallst.com published: “Qualcomm, NXP Merger Hits Chinese Wall” on April 19, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: 247Wallst.com and their article: “US Promises Help for ZTE; China Reopens Qualcomm-NXP Merger Deliberations” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “Qualcomm: Why It’s A Bargain Right Now” with publication date: May 03, 2018.

Since January 31, 2018, it had 1 buy, and 2 insider sales for $2.69 million activity. Gherson Diane J sold 5,000 shares worth $780,000. WADDELL FREDERICK H bought $99,659 worth of stock.

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.29, from 0.74 in 2017Q3. It is positive, as 54 investors sold IBM shares while 604 reduced holdings. 156 funds opened positions while 519 raised stakes. 504.07 million shares or 2.90% less from 519.10 million shares in 2017Q3 were reported. Abner Herrman Brock Ltd Liability reported 41,882 shares. Advisor Prns Ltd Liability Corporation invested 0.43% of its portfolio in International Business Machines Corporation (NYSE:IBM). Janney Montgomery Scott Lc owns 258,312 shares. Bank Of The West stated it has 6,022 shares. Cullinan Assocs, Kentucky-based fund reported 26,573 shares. Barbara Oil reported 0.49% in International Business Machines Corporation (NYSE:IBM). State Street Corporation accumulated 51.86 million shares. Northstar Asset Management Ltd invested 0.32% in International Business Machines Corporation (NYSE:IBM). First Natl Co accumulated 31,304 shares or 0.53% of the stock. Spc Fincl has 0.17% invested in International Business Machines Corporation (NYSE:IBM) for 4,796 shares. 35,900 were reported by Picton Mahoney Asset Management. 16,016 were accumulated by Pettyjohn Wood & White Inc. Fruth Inv Management accumulated 2,836 shares. Valmark Advisers invested in 0.02% or 5,131 shares. Orrstown Services Inc accumulated 296 shares.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM: Fighting Seasonal Headwinds Now” on April 19, 2018, also 247Wallst.com with their article: “Who IBM Is Laying Off and What They Have to Say About It” published on April 27, 2018, Fool.com published: “Better Buy: International Business Machines (IBM) vs. Oracle (ORCL)” on May 09, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “Berkshire Hathaway drops IBM” published on May 04, 2018 as well as Seekingalpha.com‘s news article titled: “IBM Is Running In Quicksand” with publication date: April 19, 2018.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 129 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, January 20 the stock rating was maintained by Deutsche Bank with “Hold”. The stock has “Hold” rating by Wedbush on Thursday, January 18. The firm has “Sector Perform” rating given on Wednesday, October 28 by RBC Capital Markets. The company was maintained on Tuesday, July 19 by Drexel Hamilton. Morgan Stanley maintained the shares of IBM in report on Wednesday, March 21 with “Buy” rating. UBS maintained it with “Neutral” rating and $145 target in Tuesday, October 20 report. The stock of International Business Machines Corporation (NYSE:IBM) earned “Hold” rating by Wedbush on Thursday, August 3. The stock has “Buy” rating by Argus Research on Wednesday, March 22. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, August 15. The rating was maintained by S&P Research on Wednesday, October 21 with “Buy”.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on July, 17. They expect $3.03 earnings per share, up 2.02% or $0.06 from last year’s $2.97 per share. IBM’s profit will be $2.78B for 11.92 P/E if the $3.03 EPS becomes a reality. After $2.45 actual earnings per share reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 23.67% EPS growth.

Burns J W & Co Inc, which manages about $404.35 million and $394.39M US Long portfolio, upped its stake in Fedex Corp (NYSE:FDX) by 2,790 shares to 13,458 shares, valued at $3.36 million in 2017Q4, according to the filing. It also increased its holding in Celgene Corp (NASDAQ:CELG) by 3,275 shares in the quarter, for a total of 47,748 shares, and has risen its stake in Chevron (NYSE:CVX).

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

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