Sterneck Capital Management Boosted Holding in International Business Machs (IBM) by $885,370; As General Electric Co (GE) Share Price Declined, Shareholder Brookstone Capital Management Has Increased Holding

February 17, 2018 - By Adrian Erickson

Brookstone Capital Management increased its stake in General Electric Co (GE) by 17.25% based on its latest 2017Q3 regulatory filing with the SEC. Brookstone Capital Management bought 46,415 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 315,454 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $7.63M, up from 269,039 at the end of the previous reported quarter. Brookstone Capital Management who had been investing in General Electric Co for a number of months, seems to be bullish on the $130.52 billion market cap company. The stock increased 1.35% or $0.2 during the last trading session, reaching $15.05. About 64.72 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 17, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Sterneck Capital Management Llc increased its stake in International Business Machs (IBM) by 28.69% based on its latest 2017Q3 regulatory filing with the SEC. Sterneck Capital Management Llc bought 6,106 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 27,387 shares of the computer manufacturing company at the end of 2017Q3, valued at $3.97M, up from 21,281 at the end of the previous reported quarter. Sterneck Capital Management Llc who had been investing in International Business Machs for a number of months, seems to be bullish on the $144.59 billion market cap company. The stock increased 0.11% or $0.17 during the last trading session, reaching $156.18. About 4.28 million shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 17, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

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

Sterneck Capital Management Llc, which manages about $314.88M and $174.40M US Long portfolio, decreased its stake in Nuveen Municipal Credit Inc (NZF) by 122,997 shares to 61,737 shares, valued at $939,000 in 2017Q3, according to the filing. It also reduced its holding in Coca Cola Co (NYSE:KO) by 10,490 shares in the quarter, leaving it with 49,798 shares, and cut its stake in Waddell & Reed Finl Inc (NYSE:WDR).

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 earned “Hold” rating on Thursday, August 31 by RBC Capital Markets. On Wednesday, January 17 the stock rating was upgraded by Barclays Capital to “Overweight”. The stock has “Sell” rating by Berenberg on Tuesday, April 4. Societe Generale downgraded International Business Machines Corporation (NYSE:IBM) on Wednesday, April 19 to “Sell” rating. The stock of International Business Machines Corporation (NYSE:IBM) earned “Neutral” rating by JP Morgan on Friday, October 2. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, March 31. JMP Securities maintained the shares of IBM in report on Tuesday, July 19 with “Market Outperform” rating. The firm has “Overweight” rating by Morgan Stanley given on Thursday, February 18. On Tuesday, October 20 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was maintained on Friday, July 21 by Argus Research.

Investors sentiment increased to 0.74 in Q3 2017. 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. Aqr Capital Mngmt Ltd Liability Co reported 0.57% of its portfolio in International Business Machines Corporation (NYSE:IBM). Aspiriant Limited Liability Company holds 0.09% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 7,608 shares. Cantab Cap Prns Limited Liability Partnership reported 0.37% in International Business Machines Corporation (NYSE:IBM). Washington Tru Co invested in 0.38% or 44,207 shares. Community Bankshares Na owns 129,509 shares for 2.07% of their portfolio. Moon Capital Management has invested 0.45% in International Business Machines Corporation (NYSE:IBM). 1,934 are held by Gemmer Asset Mgmt Llc. Utd Fire Gru Inc owns 3,000 shares or 0.15% of their US portfolio. Finance Advantage holds 1,250 shares. Rockland Trust holds 0.28% or 12,687 shares. Commonwealth Equity Services holds 0.36% or 415,309 shares. Dowling Yahnke Lc invested in 34,300 shares. Caz LP holds 1.04% or 5,840 shares in its portfolio. The Maine-based Bath Savings Tru has invested 0.15% in International Business Machines Corporation (NYSE:IBM). Valley Natl Advisers Incorporated stated it has 0.17% in International Business Machines Corporation (NYSE:IBM).

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 91 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley maintained it with “Equal-Weight” rating and $31 target in Thursday, October 6 report. The company was maintained on Thursday, March 23 by RBC Capital Markets. The firm has “Buy” rating by Bank of America given on Tuesday, November 14. RBC Capital Markets maintained the shares of GE in report on Friday, September 15 with “Buy” rating. The rating was upgraded by TheStreet to “Buy” on Tuesday, July 21. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, October 24. TheStreet downgraded the stock to “Buy” rating in Wednesday, August 26 report. The rating was maintained by S&P Research on Wednesday, October 14 with “Buy”. The firm earned “Buy” rating on Wednesday, October 11 by RBC Capital Markets. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Citigroup on Monday, October 23.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It dived, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Utd Bank & Trust owns 0.42% invested in General Electric Company (NYSE:GE) for 43,685 shares. Boston & Mngmt has 1.84% invested in General Electric Company (NYSE:GE). The California-based Checchi Cap Advisers Limited Liability Co has invested 0.25% in General Electric Company (NYSE:GE). Roundview Capital Ltd Liability Company accumulated 106,339 shares or 0.84% of the stock. 15,217 were reported by Wharton Business Gru Ltd Company. Gamco Et Al has invested 0.22% in General Electric Company (NYSE:GE). Fifth Third Fincl Bank invested 0.87% of its portfolio in General Electric Company (NYSE:GE). 534,726 were accumulated by Kentucky Retirement. Hudson Valley Inv Advisors Adv reported 188,929 shares stake. Thomas J Herzfeld has invested 0.01% in General Electric Company (NYSE:GE). State Board Of Administration Of Florida Retirement Sys owns 12.67M shares for 0.83% of their portfolio. Somerset Grp Inc Ltd has invested 0.25% in General Electric Company (NYSE:GE). Rockefeller Financial Services Inc stated it has 322,503 shares or 0.15% of all its holdings. Choate Inv Advsr accumulated 0.52% or 395,391 shares. 2.23 million were accumulated by Gabelli Funds Ltd Llc.

Brookstone Capital Management, which manages about $975.50 million and $1.10 billion US Long portfolio, decreased its stake in First Tr Nasdaq100 Tech Inde (QTEC) by 18,118 shares to 159,321 shares, valued at $10.86 million in 2017Q3, according to the filing. It also reduced its holding in Xerox Corp by 32,147 shares in the quarter, leaving it with 167,192 shares, and cut its stake in Fqf Tr.

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