As International Business Machine (IBM) Stock Declined, Holder Jolley Asset Management Increased Holding; As Molson Coors Br (TAP) Market Valuation Declined, Lazard Asset Management Trimmed Its Holding by $2.10 Million

April 24, 2018 - By Darrin Black

Molson Coors Brewing Company (NYSE:TAP) Logo

Jolley Asset Management Llc increased its stake in International Business Machine (IBM) by 684.93% based on its latest 2017Q4 regulatory filing with the SEC. Jolley Asset Management Llc bought 3,000 shares as the company’s stock declined 0.39% with the market. The institutional investor held 3,438 shares of the computer manufacturing company at the end of 2017Q4, valued at $527,000, up from 438 at the end of the previous reported quarter. Jolley Asset Management Llc who had been investing in International Business Machine for a number of months, seems to be bullish on the $134.08B market cap company. The stock decreased 0.21% or $0.31 during the last trading session, reaching $145.55. About 4.33 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since April 24, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Lazard Asset Management Llc decreased its stake in Molson Coors Br (TAP) by 0.22% based on its latest 2017Q4 regulatory filing with the SEC. Lazard Asset Management Llc sold 25,647 shares as the company’s stock declined 8.47% with the market. The institutional investor held 11.83 million shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $970.72 million, down from 11.85 million at the end of the previous reported quarter. Lazard Asset Management Llc who had been investing in Molson Coors Br for a number of months, seems to be less bullish one the $15.48 billion market cap company. The stock decreased 0.35% or $0.25 during the last trading session, reaching $71.67. About 1.40 million shares traded. Molson Coors Brewing Company (NYSE:TAP) has declined 23.05% since April 24, 2017 and is downtrending. It has underperformed by 34.60% the S&P500.

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.07, from 1.18 in 2017Q3. It turned negative, as 62 investors sold TAP shares while 138 reduced holdings. 66 funds opened positions while 156 raised stakes. 159.01 million shares or 1.37% less from 161.22 million shares in 2017Q3 were reported. Kentucky Retirement Insurance Fund owns 4,907 shares or 0.07% of their US portfolio. Guardian Life Insurance Company Of America owns 598 shares or 0.01% of their US portfolio. 4,650 are owned by Globeflex Lp. Commonwealth Commercial Bank Of holds 0.01% or 12,469 shares. Ipswich Investment Mgmt Com Incorporated owns 0.12% invested in Molson Coors Brewing Company (NYSE:TAP) for 3,500 shares. Accuvest Glob Advsrs owns 70 shares for 0% of their portfolio. Busey Tru stated it has 2,500 shares or 0.03% of all its holdings. Keybank Natl Association Oh has invested 0% in Molson Coors Brewing Company (NYSE:TAP). Sun Life holds 403 shares. Hanson Mcclain stated it has 6 shares or 0% of all its holdings. Teacher Retirement Systems Of Texas holds 0.03% of its portfolio in Molson Coors Brewing Company (NYSE:TAP) for 51,624 shares. 42,061 are owned by Comerica State Bank. Eaton Vance Management stated it has 0.04% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Caprock Group invested in 0.2% or 11,850 shares. Td Asset Incorporated accumulated 1.21 million shares.

Lazard Asset Management Llc, which manages about $52.81B US Long portfolio, upped its stake in Regal Beloit (NYSE:RBC) by 21,730 shares to 176,140 shares, valued at $13.49 million in 2017Q4, according to the filing. It also increased its holding in Hca Healthcare (NYSE:HCA) by 88,841 shares in the quarter, for a total of 410,043 shares, and has risen its stake in Home Depot Inc (NYSE:HD).

Since January 16, 2018, it had 0 insider buys, and 2 insider sales for $4.74 million activity. $16,378 worth of Molson Coors Brewing Company (NYSE:TAP) was sold by Cox Simon.

Analysts await Molson Coors Brewing Company (NYSE:TAP) to report earnings on May, 2 before the open. They expect $0.83 earnings per share, up 9.21% or $0.07 from last year’s $0.76 per share. TAP’s profit will be $179.21M for 21.59 P/E if the $0.83 EPS becomes a reality. After $0.62 actual earnings per share reported by Molson Coors Brewing Company for the previous quarter, Wall Street now forecasts 33.87% EPS growth.

Among 16 analysts covering Molson Coors Brewing Company (NYSE:TAP), 8 have Buy rating, 0 Sell and 8 Hold. Therefore 50% are positive. Molson Coors Brewing Company had 54 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Neutral” rating by UBS given on Wednesday, February 15. The firm has “Buy” rating given on Monday, September 19 by Citigroup. Goldman Sachs maintained the stock with “Buy” rating in Monday, October 10 report. On Friday, May 5 the stock rating was downgraded by Societe Generale to “Hold”. The stock has “Buy” rating by Stifel Nicolaus on Monday, September 18. The firm has “Buy” rating given on Monday, February 12 by Susquehanna. BMO Capital Markets initiated Molson Coors Brewing Company (NYSE:TAP) rating on Monday, February 5. BMO Capital Markets has “Buy” rating and $95.0 target. The company was upgraded on Monday, September 21 by Societe Generale. The stock of Molson Coors Brewing Company (NYSE:TAP) has “Hold” rating given on Thursday, February 8 by Berenberg. Susquehanna maintained the stock with “Buy” rating in Wednesday, August 2 report.

Jolley Asset Management Llc, which manages about $208.23 million and $157.12M US Long portfolio, decreased its stake in Glaxo Smithkline Ads (NYSE:GSK) by 92,663 shares to 280 shares, valued at $10,000 in 2017Q4, according to the filing. It also reduced its holding in Vaneck Vectors Gold Miners Etf by 19,200 shares in the quarter, leaving it with 1,750 shares, and cut its stake in Schlumberger Ltd (NYSE:SLB).

Investors sentiment increased to 1.03 in 2017 Q4. 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. Wealth Architects Limited Liability holds 5,853 shares or 0.29% of its portfolio. Capital City Trust Fl invested in 8,084 shares or 0.5% of the stock. Guggenheim Capital Limited accumulated 799,011 shares or 0.29% of the stock. Financial Corp accumulated 0.36% or 4,865 shares. Burney Co stated it has 0.61% in International Business Machines Corporation (NYSE:IBM). First Finance In has invested 0.11% of its portfolio in International Business Machines Corporation (NYSE:IBM). Alpha Cubed Invests Lc holds 0.08% or 4,235 shares. 8,956 were accumulated by Golub Gru Limited Liability Company. Gemmer Asset Mngmt Llc reported 1,936 shares stake. Grantham Mayo Van Otterloo And Ltd Liability Corporation has 0% invested in International Business Machines Corporation (NYSE:IBM) for 2,266 shares. Northeast Fincl Consultants Incorporated owns 0.13% invested in International Business Machines Corporation (NYSE:IBM) for 2,509 shares. Windsor Mgmt Ltd Co stated it has 0.16% of its portfolio in International Business Machines Corporation (NYSE:IBM). First Bank & Trust Sioux Falls owns 2,632 shares or 1.33% of their US portfolio. Boston Private Wealth Llc accumulated 75,894 shares. Newman Dignan & Sheerar Inc holds 2,270 shares or 0.17% of its portfolio.

Since January 31, 2018, it had 1 buying transaction, and 2 selling transactions for $2.69 million activity. $2.01M worth of stock was sold by Clementi Erich on Friday, February 23. Another trade for 610 shares valued at $99,659 was bought by WADDELL FREDERICK H.

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. As per Tuesday, July 19, the company rating was maintained by Credit Suisse. As per Friday, March 9, the company rating was maintained by Stifel Nicolaus. On Wednesday, October 18 the stock rating was maintained by Barclays Capital with “Underweight”. On Tuesday, April 19 the stock rating was maintained by Bernstein with “Market Perform”. The firm earned “Neutral” rating on Wednesday, October 18 by Citigroup. Jefferies maintained International Business Machines Corporation (NYSE:IBM) on Thursday, June 22 with “Sell” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, October 5. On Wednesday, October 14 the stock rating was initiated by Barclays Capital with “Underweight”. The firm earned “Buy” rating on Thursday, August 27 by S&P Research. The firm earned “Perform” rating on Tuesday, August 16 by Oppenheimer.

Molson Coors Brewing Company (NYSE:TAP) Institutional Positions Chart

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