As Clorox Co (CLX) Market Valuation Declined, Shareholder Paloma Partners Management Company Raised Its Stake; Palo Capital Upped Its International Business Machines (IBM) Holding by $1.10 Million; Stock Declined

February 16, 2018 - By Henry Gaston

Paloma Partners Management Company increased its stake in Clorox Co (CLX) by 34.08% based on its latest 2017Q3 regulatory filing with the SEC. Paloma Partners Management Company bought 4,942 shares as the company’s stock declined 1.16% while stock markets rallied. The institutional investor held 19,442 shares of the specialty chemicals company at the end of 2017Q3, valued at $2.57 million, up from 14,500 at the end of the previous reported quarter. Paloma Partners Management Company who had been investing in Clorox Co for a number of months, seems to be bullish on the $16.98 billion market cap company. The stock increased 0.12% or $0.16 during the last trading session, reaching $131.19. About 191,356 shares traded. The Clorox Company (NYSE:CLX) has risen 1.68% since February 16, 2017 and is uptrending. It has underperformed by 15.02% the S&P500.

William Leland Edwards increased its stake in International Business Machines (IBM) by 39.23% based on its latest 2017Q3 regulatory filing with the SEC. Palo Capital Inc bought 7,558 shares as the company’s stock declined 15.88% while stock markets rallied. The hedge fund run by William Leland Edwards held 26,825 shares of the computer manufacturing company at the end of 2017Q3, valued at $3.89 million, up from 19,267 at the end of the previous reported quarter. Palo Capital Inc who had been investing in International Business Machines for a number of months, seems to be bullish on the $145.58 billion market cap company. The stock increased 0.80% or $1.24 during the last trading session, reaching $157.25. About 1.02M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 16, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.




Investors sentiment increased to 0.74 in 2017 Q3. Its up 0.02, from 0.72 in 2017Q2. It improved, 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. North Star Mgmt owns 13,340 shares for 0.25% of their portfolio. Stewart West Indies Trading Limited holds 1.84% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 145,200 shares. Ronna Sue Cohen stated it has 3,091 shares or 0.34% of all its holdings. California State Teachers Retirement Sys stated it has 1.50M shares or 0.48% of all its holdings. Bnp Paribas Asset Management Sa stated it has 172,553 shares or 0.21% of all its holdings. White Pine Investment accumulated 31,836 shares. Connors Investor Ser has 1,742 shares. Moreover, Amica Pension Fund Board Of Trustees has 0.47% invested in International Business Machines Corporation (NYSE:IBM). Moneta Grp Inc Limited Liability Com owns 4,954 shares. Palo reported 26,825 shares. Douglass Winthrop Ltd Company has 54,698 shares. Voya Inv Management Limited Liability Corp reported 0.13% stake. Jane Street Group Llc holds 61,630 shares. Creative Planning reported 0.1% stake. Keybank Natl Association Oh holds 0.54% or 627,462 shares in its portfolio.

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 123 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Morgan Stanley given on Wednesday, October 18. Deutsche Bank maintained International Business Machines Corporation (NYSE:IBM) rating on Tuesday, July 19. Deutsche Bank has “Hold” rating and $145 target. BMO Capital Markets maintained the stock with “Hold” rating in Friday, January 19 report. BMO Capital Markets maintained International Business Machines Corporation (NYSE:IBM) rating on Wednesday, October 18. BMO Capital Markets has “Market Perform” rating and $170 target. Goldman Sachs maintained the shares of IBM in report on Tuesday, September 22 with “Neutral” rating. As per Wednesday, October 21, the company rating was maintained by Citigroup. RBC Capital Markets maintained International Business Machines Corporation (NYSE:IBM) on Tuesday, July 11 with “Hold” rating. Barclays Capital initiated International Business Machines Corporation (NYSE:IBM) rating on Wednesday, October 14. Barclays Capital has “Underweight” rating and $146 target. Deutsche Bank maintained it with “Hold” rating and $150 target in Tuesday, October 20 report. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, January 19 report.

Since January 31, 2018, it had 1 buying transaction, and 0 sales for $99,659 activity.

Since August 23, 2017, it had 0 buys, and 3 selling transactions for $2.94 million activity. Balousek Jon M sold $1.28M worth of stock. Shares for $297,804 were sold by Willoughby Dawn C.

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.15, from 0.95 in 2017Q2. It improved, as 43 investors sold CLX shares while 223 reduced holdings. 57 funds opened positions while 236 raised stakes. 90.68 million shares or 2.85% more from 88.17 million shares in 2017Q2 were reported. 13,316 are owned by Ajo Lp. Americafirst Cap Mgmt Limited Liability Co reported 3,140 shares stake. Huntington Steele Limited Liability Corp, a Washington-based fund reported 1,983 shares. Wilkins Investment Counsel reported 1.66% in The Clorox Company (NYSE:CLX). Cantab Ptnrs Llp invested in 0.16% or 8,527 shares. Villere St Denis J & Ltd Co owns 3,416 shares. Victory Cap holds 0.01% of its portfolio in The Clorox Company (NYSE:CLX) for 23,010 shares. Harvey Limited Liability invested in 0.31% or 12,101 shares. California Public Employees Retirement Systems reported 311,910 shares. Palisade Capital Mgmt Ltd Limited Liability Company Nj holds 0.01% of its portfolio in The Clorox Company (NYSE:CLX) for 1,675 shares. Kentucky Retirement Insurance Fund has 0.08% invested in The Clorox Company (NYSE:CLX). Confluence Inv Mngmt Ltd Liability Company invested in 0.29% or 113,390 shares. Keybank Natl Association Oh invested in 32,902 shares. Berkshire Asset Mgmt Ltd Limited Liability Company Pa has invested 0.03% in The Clorox Company (NYSE:CLX). Sadoff Mgmt Ltd Liability Corp holds 124,685 shares.

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