Front Barnett Associates Has Raised Its Position in Chevron (CVX) as Stock Declined; As International Business Machs (IBM) Market Valuation Declined, Berkshire Hathaway Has Lowered Its Holding

May 20, 2018 - By Ash

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Warren Buffett decreased its stake in International Business Machs (IBM) by 94.47% based on its latest 2017Q4 regulatory filing with the SEC. Berkshire Hathaway Inc sold 34.98M shares as the company’s stock declined 0.39% with the market. The hedge fund run by Warren Buffett held 2.05 million shares of the computer manufacturing company at the end of 2017Q4, valued at $314.21M, down from 37.03M at the end of the previous reported quarter. Berkshire Hathaway Inc who had been investing in International Business Machs for a number of months, seems to be less bullish one the $132.26B market cap company. The stock decreased 0.29% or $0.42 during the last trading session, reaching $144.08. About 2.68M shares traded. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since May 20, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Front Barnett Associates Llc increased its stake in Chevron Corporation (CVX) by 2.58% based on its latest 2017Q4 regulatory filing with the SEC. Front Barnett Associates Llc bought 2,674 shares as the company’s stock declined 8.26% with the market. The institutional investor held 106,231 shares of the integrated oil company at the end of 2017Q4, valued at $13.30 million, up from 103,557 at the end of the previous reported quarter. Front Barnett Associates Llc who had been investing in Chevron Corporation for a number of months, seems to be bullish on the $244.34B market cap company. The stock decreased 1.24% or $1.6 during the last trading session, reaching $127.86. About 6.39M shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since May 20, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Front Barnett Associates Llc, which manages about $703.04 million and $602.88 million US Long portfolio, decreased its stake in Accenture Plc (NYSE:ACN) by 2,783 shares to 90,471 shares, valued at $13.85 million in 2017Q4, according to the filing. It also reduced its holding in Cvs Health Corporation (NYSE:CVS) by 16,455 shares in the quarter, leaving it with 33,212 shares, and cut its stake in Thermo Fisher Scientific Inc (NYSE:TMO).

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.04, from 0.95 in 2017Q3. It increased, as 51 investors sold CVX shares while 686 reduced holdings. 122 funds opened positions while 608 raised stakes. 1.19 billion shares or 0.58% more from 1.18 billion shares in 2017Q3 were reported. Park Corp Oh holds 1.73% or 247,528 shares in its portfolio. Ramsay Stattman Vela & Price Inc reported 0.36% of its portfolio in Chevron Corporation (NYSE:CVX). Colony Group Ltd Liability Corporation holds 0.08% or 10,281 shares in its portfolio. Optimum Invest Advsrs holds 0.8% in Chevron Corporation (NYSE:CVX) or 19,997 shares. Wagner Bowman Management Corp holds 16,865 shares or 0.56% of its portfolio. Bartlett And Co Lc has 1.82% invested in Chevron Corporation (NYSE:CVX). Picton Mahoney Asset Mngmt stated it has 0.28% of its portfolio in Chevron Corporation (NYSE:CVX). Taurus Asset Ltd Limited Liability Company holds 31,772 shares or 0.59% of its portfolio. West Oak Cap Limited Co holds 20,499 shares. The Connecticut-based Amg Funds Ltd Liability Corp has invested 0.71% in Chevron Corporation (NYSE:CVX). North Star Asset Mngmt reported 0.21% stake. Amundi Pioneer Asset Management, a Massachusetts-based fund reported 1.60M shares. Bourgeon Mgmt Limited Liability Company stated it has 0.11% of its portfolio in Chevron Corporation (NYSE:CVX). Cibc Asset Mngmt Incorporated, a Ontario – Canada-based fund reported 254,831 shares. Guyasuta Investment Advsrs Inc holds 0.42% in Chevron Corporation (NYSE:CVX) or 29,391 shares.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 122 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Chevron Corporation (NYSE:CVX) has “Sector Perform” rating given on Friday, February 9 by RBC Capital Markets. The stock of Chevron Corporation (NYSE:CVX) earned “Neutral” rating by Bank of America on Monday, August 24. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Tuesday, September 19 by Cowen & Co. The rating was downgraded by BMO Capital Markets to “Market Perform” on Wednesday, October 18. The firm has “Hold” rating given on Tuesday, January 10 by HSBC. The rating was initiated by Credit Agricole on Tuesday, December 15 with “Outperform”. Credit Suisse maintained Chevron Corporation (NYSE:CVX) on Wednesday, August 23 with “Buy” rating. The stock of Chevron Corporation (NYSE:CVX) earned “Sell” rating by RBC Capital Markets on Tuesday, January 30. The stock of Chevron Corporation (NYSE:CVX) earned “Buy” rating by Jefferies on Thursday, October 19. The company was downgraded on Wednesday, October 18 by Societe Generale.

Since April 17, 2018, it had 0 insider purchases, and 8 insider sales for $48.52 million activity. $3.26 million worth of stock was sold by Breber Pierre R on Monday, May 14. Geagea Joseph C also sold $1.54 million worth of Chevron Corporation (NYSE:CVX) on Monday, May 7. Yarrington Patricia E had sold 135,000 shares worth $17.55M on Friday, May 11. Shares for $16.64 million were sold by Wirth Michael K on Monday, May 7.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Chevron seeks shared development of Australia’s Carnarvon basin” on May 16, 2018, also Seekingalpha.com with their article: “Top Performing Energy Sector Stocks Since March Low” published on May 18, 2018, Seekingalpha.com published: “Chevron 2018 Turns Into A Cash Machine” on May 03, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: 247Wallst.com and their article: “How Higher Prices and Production Lifted Chevron Earnings” published on April 27, 2018 as well as Seekingalpha.com‘s news article titled: “Chevron Impresses In The Permian” with publication date: May 11, 2018.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on July, 17. They expect $3.03 EPS, up 2.02% or $0.06 from last year’s $2.97 per share. IBM’s profit will be $2.78B for 11.89 P/E if the $3.03 EPS becomes a reality. After $2.45 actual EPS reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 23.67% EPS growth.

Since January 31, 2018, it had 1 insider buy, and 2 insider sales for $2.69 million activity. Another trade for 5,000 shares valued at $780,000 was made by Gherson Diane J on Monday, February 26. $2.01M worth of International Business Machines Corporation (NYSE:IBM) was sold by Clementi Erich.

Berkshire Hathaway Inc, which manages about $191.24 billion US Long portfolio, upped its stake in Bank Of New York Mellon Corp (NYSE:BK) by 10.59 million shares to 60.82M shares, valued at $3.28 billion in 2017Q4, according to the filing.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM And Its Deceiving Dividend” on May 07, 2018, also Fool.com with their article: “This Elon Musk Quote Is Something Every Investor Needs to Hear” published on May 20, 2018, 247Wallst.com published: “Who IBM Is Laying Off and What They Have to Say About It” on April 27, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “International Business Machines declares $1.57 dividend” published on April 24, 2018 as well as 247Wallst.com‘s news article titled: “Merrill Lynch’s 4 Contrarian Blue Chips to Buy That Yield 4% or More” with publication date: April 27, 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. The rating was maintained by Jefferies on Wednesday, July 12 with “Sell”. The stock of International Business Machines Corporation (NYSE:IBM) earned “Underweight” rating by Barclays Capital on Tuesday, July 19. Drexel Hamilton maintained the shares of IBM in report on Tuesday, July 19 with “Buy” rating. The rating was maintained by KeyBanc Capital Markets on Wednesday, July 19 with “Hold”. The rating was maintained by Goldman Sachs with “Neutral” on Tuesday, September 22. J.P. Morgan maintained International Business Machines Corporation (NYSE:IBM) on Friday, January 19 with “Hold” rating. The stock has “Hold” rating by RBC Capital Markets on Thursday, August 31. The firm has “Buy” rating by Stifel Nicolaus given on Friday, January 19. On Monday, September 25 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. S&P Research upgraded the shares of IBM in report on Thursday, August 27 to “Buy” rating.

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.29, from 0.74 in 2017Q3. It improved, 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. National Pension reported 744,314 shares. Paragon Capital Limited Liability holds 70,531 shares. King Luther Management owns 214,562 shares or 0.27% of their US portfolio. 2,815 are owned by Karpas Strategies Lc. Beese Fulmer Invest Mngmt has 24,871 shares for 0.82% of their portfolio. Fca Corporation Tx stated it has 1,417 shares. Ariel Invs Limited Liability Corporation stated it has 46,946 shares or 0.08% of all its holdings. Art Advisors Ltd Llc reported 109,575 shares. Wall Street Access Asset Lc reported 0.43% of its portfolio in International Business Machines Corporation (NYSE:IBM). The New Jersey-based Harding Loevner LP has invested 0% in International Business Machines Corporation (NYSE:IBM). Thomas Story And Son accumulated 2,160 shares. Oak Assocs Ltd Oh holds 162,899 shares. Seaward Partnership has 59,844 shares. Germany-based Commerzbank Aktiengesellschaft Fi has invested 0.6% in International Business Machines Corporation (NYSE:IBM). Citigroup has 0.13% invested in International Business Machines Corporation (NYSE:IBM).

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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