Ledyard National Bank Has Lifted Its International Business Machines (IBM) Stake by $439,640 as Share Price Declined; Fragasso Group Trimmed Amgen (AMGN) Holding by $842,660 as Stock Declined

February 15, 2018 - By Clifton Ray

Fragasso Group Inc decreased its stake in Amgen Inc (AMGN) by 22.27% based on its latest 2017Q3 regulatory filing with the SEC. Fragasso Group Inc sold 4,630 shares as the company’s stock declined 9.68% while stock markets rallied. The institutional investor held 16,163 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $2.96 million, down from 20,793 at the end of the previous reported quarter. Fragasso Group Inc who had been investing in Amgen Inc for a number of months, seems to be less bullish one the $130.74B market cap company. The stock increased 0.96% or $1.73 during the last trading session, reaching $181.25. About 1.12 million shares traded. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since February 15, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.




Ledyard National Bank increased its stake in International Business Machines Corp (IBM) by 8.78% based on its latest 2017Q3 regulatory filing with the SEC. Ledyard National Bank bought 3,032 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 37,571 shares of the computer manufacturing company at the end of 2017Q3, valued at $5.45 million, up from 34,539 at the end of the previous reported quarter. Ledyard National Bank who had been investing in International Business Machines Corp for a number of months, seems to be bullish on the $143.12 billion market cap company. The stock decreased 0.11% or $0.1725 during the last trading session, reaching $154.5875. About 1.45 million shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 15, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

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 company was maintained on Monday, November 13 by RBC Capital Markets. Bernstein maintained the shares of IBM in report on Wednesday, April 12 with “Market Perform” rating. The firm has “Neutral” rating by Citigroup given on Wednesday, October 21. The rating was maintained by UBS on Tuesday, July 19 with “Neutral”. Societe Generale upgraded the shares of IBM in report on Monday, September 26 to “Hold” rating. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, August 15. The firm earned “Market Perform” rating on Tuesday, July 19 by BMO Capital Markets. The rating was upgraded by Bank of America to “Buy” on Thursday, November 10. Argus Research maintained the shares of IBM in report on Friday, July 21 with “Buy” rating. The company was maintained on Friday, January 19 by Berenberg.

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

Ledyard National Bank, which manages about $753.72M US Long portfolio, decreased its stake in American Tower Corp (NYSE:AMT) by 32,161 shares to 21,321 shares, valued at $2.91 million in 2017Q3, according to the filing. It also reduced its holding in Suntrust Banks Inc (NYSE:STI) by 5,720 shares in the quarter, leaving it with 156,806 shares, and cut its stake in Marriott International Inc (NASDAQ:MAR).

Investors sentiment increased to 0.74 in Q3 2017. Its up 0.02, from 0.72 in 2017Q2. It increased, 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. Alpha Windward Ltd Liability Corporation accumulated 1,924 shares. Aull And Monroe Management Corp accumulated 1.22% or 16,368 shares. Rfg Advisory Gp Limited Liability Corp accumulated 5,231 shares. Tradition Management Ltd Liability Co accumulated 2,975 shares. Howe & Rusling Incorporated holds 47,381 shares. Nationwide Fund Advisors stated it has 0.18% in International Business Machines Corporation (NYSE:IBM). 3,934 were accumulated by Telos Cap. Moreover, Oregon Public Employees Retirement Fund has 0.57% invested in International Business Machines Corporation (NYSE:IBM). Susquehanna International Group Limited Liability Partnership has invested 0.02% of its portfolio in International Business Machines Corporation (NYSE:IBM). Inspirion Wealth Advsrs Ltd Liability Com reported 2,411 shares. Flossbach Von Storch Ag holds 2.80 million shares. Palisades Hudson Asset Management Lp holds 0.15% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 1,770 shares. Columbia Asset owns 25,255 shares. Wellington Shields Capital Limited Company accumulated 15,739 shares. Mairs & Power has 0.3% invested in International Business Machines Corporation (NYSE:IBM) for 171,092 shares.

Since October 9, 2017, it had 0 buys, and 3 selling transactions for $836,311 activity.

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