As International Business Machs (IBM) Stock Declined, Matrix Asset Advisors Increased by $1.29 Million Its Position; Palisade Capital Management Has Increased Position in Constellation Brands (STZ) as Market Valuation Declined

Palisade Capital Management Llc increased its stake in Constellation Brands Inc (STZ) by 10.24% based on its latest 2018Q3 regulatory filing with the SEC. Palisade Capital Management Llc bought 5,935 shares as the company’s stock declined 11.68% with the market. The hedge fund held 63,867 shares of the beverages (production and distribution) company at the end of 2018Q3, valued at $13.77 million, up from 57,932 at the end of the previous reported quarter. Palisade Capital Management Llc who had been investing in Constellation Brands Inc for a number of months, seems to be bullish on the $32.98B market cap company. The stock increased 0.05% or $0.09 during the last trading session, reaching $173.75. About 2.53 million shares traded. Constellation Brands, Inc. (NYSE:STZ) has declined 13.63% since February 2, 2018 and is downtrending. It has underperformed by 13.63% the S&P500. Some Historical STZ News: 06/04/2018 – CONSTELLATION PHARMACEUTICALS INC DISCLOSES IN FORM D WITH U.S. SEC THAT THE TOTAL OFFERING AMOUNT WAS FOR $100 MLN; 20/03/2018 – CONSTELLATION BRANDS-INVESTMENT WILL CREATE 450 NEW PERMANENT JOBS AND EMPLOY THOUSANDS OF MEN, WOMEN FROM SONORA DURING CONSTRUCTION PHASE OF PROJECT; 13/03/2018 – Hughes Ships First Gateways for the Ground Network to Support OneWeb’s Low Earth Orbit Constellation; 04/04/2018 – Carlyle agrees to buy Australia’s Accolade wines for $770 mln; 13/03/2018 – Kim Crawford Wines Introduces Kim Crawford Signature Reserve Sauvignon Blanc; 17/05/2018 – FT Alphaville – Blog: Criminal charges filed against former Constellation Health execs; 14/05/2018 – FACTBOX-Top acquisitions in Canada’s pot industry; 22/04/2018 – DJ Constellation Brands Inc Class A, Inst Holders, 1Q 2018 (STZ); 09/04/2018 – CONSTELLATION PHARMACEUTICALS SAYS ANNOUNCED $100 MLN FINANCING; NEW INVESTORS INCLUDE CORMORANT ASSET MANAGEMENT, DEERFIELD MANAGEMENT AMONG OTHERS; 17/03/2018 – Constellation Healthcare Files for Chapter 11, Plans Sale of Assets

Matrix Asset Advisors Inc increased its stake in International Business Machs (IBM) by 37.89% based on its latest 2018Q3 regulatory filing with the SEC. Matrix Asset Advisors Inc bought 8,528 shares as the company’s stock declined 16.83% with the market. The institutional investor held 31,034 shares of the computer manufacturing company at the end of 2018Q3, valued at $4.69 million, up from 22,506 at the end of the previous reported quarter. Matrix Asset Advisors Inc who had been investing in International Business Machs for a number of months, seems to be bullish on the $121.87B market cap company. The stock decreased 0.24% or $0.32 during the last trading session, reaching $134.1. About 3.81M shares traded. International Business Machines Corporation (NYSE:IBM) has declined 21.12% since February 2, 2018 and is downtrending. It has underperformed by 21.12% the S&P500. Some Historical IBM News: 17/04/2018 – IBM 1Q REV. $19.07B, EST. $18.83B; 08/03/2018 – International Business Machines Corp: Doc re Notification of filing of document; 08/03/2018 – IBM Targets Long-Term Revenue Growth in Low-Single-Digits; 18/04/2018 – Markets Now: Dow Gains 20 Points as IBM Caps Upside — Barron’s Blog; 07/05/2018 – Arun Sudhaman: IBM Selects Weber Shandwick To Lead New Global PR Lineup; 14/03/2018 – IBM Study: Responding to Cybersecurity Incidents Still a Major Challenge for Businesses; 20/03/2018 – IBM TO REITERATE 2018 OPERATING NON-GAAP EPS; 17/04/2018 – IBM – COMPANY CONTINUES TO EXPECT FY 2018 OPERATING (NON-GAAP) DILUTED EARNINGS PER SHARE OF AT LEAST $13.80; 13/03/2018 – REG-lntnl Bus. Mach Annual Financial Report; 19/03/2018 – Intersections Inc. Launches AI-Powered Identity Theft Protection with IBM Watson

Among 35 analysts covering International Business Machines (NYSE:IBM), 14 have Buy rating, 5 Sell and 16 Hold. Therefore 40% are positive. International Business Machines had 142 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Morgan Stanley given on Wednesday, March 21. The firm has “Buy” rating by RBC Capital Markets given on Friday, January 19. RBC Capital Markets maintained International Business Machines Corporation (NYSE:IBM) rating on Tuesday, July 11. RBC Capital Markets has “Hold” rating and $16500 target. On Tuesday, September 22 the stock rating was maintained by Goldman Sachs with “Neutral”. The rating was maintained by UBS with “Buy” on Tuesday, October 30. The firm has “Underperform” rating by Credit Suisse given on Tuesday, October 18. UBS maintained the shares of IBM in report on Tuesday, July 19 with “Neutral” rating. Barclays Capital upgraded the shares of IBM in report on Wednesday, January 17 to “Overweight” rating. The stock of International Business Machines Corporation (NYSE:IBM) has “Hold” rating given on Thursday, August 31 by RBC Capital Markets. The stock of International Business Machines Corporation (NYSE:IBM) earned “Neutral” rating by JP Morgan on Friday, October 2.

Since August 3, 2018, it had 5 insider purchases, and 0 sales for $2.09 million activity. WADDELL FREDERICK H bought $249,722 worth of stock. Another trade for 4,311 shares valued at $495,846 was made by TAUREL SIDNEY on Wednesday, October 31. $1.67M worth of International Business Machines Corporation (NYSE:IBM) was sold by Gherson Diane J. Shares for $232,838 were bought by Swedish Joseph on Thursday, November 1. Rometty Virginia M also bought $998,835 worth of International Business Machines Corporation (NYSE:IBM) shares.

Matrix Asset Advisors Inc, which manages about $977.80 million and $626.90M US Long portfolio, decreased its stake in Capital One Finl Corp (NYSE:COF) by 7,443 shares to 112,073 shares, valued at $10.64 million in 2018Q3, according to the filing. It also reduced its holding in United Technologies Corp (NYSE:UTX) by 5,770 shares in the quarter, leaving it with 135,642 shares, and cut its stake in Cisco Sys Inc (NASDAQ:CSCO).

Investors sentiment increased to 0.91 in Q3 2018. Its up 0.01, from 0.9 in 2018Q2. It increased, as 65 investors sold IBM shares while 594 reduced holdings. 116 funds opened positions while 481 raised stakes. 492.69 million shares or 0.61% more from 489.70 million shares in 2018Q2 were reported. California-based First Quadrant LP Ca has invested 0.05% in International Business Machines Corporation (NYSE:IBM). Ing Groep Nv invested in 2.29% or 875,606 shares. Roosevelt Invest Grp has invested 0.05% in International Business Machines Corporation (NYSE:IBM). Mgmt Associate Ny owns 2,350 shares for 0.44% of their portfolio. Moneta Grp Inc Investment Advsr Limited Liability Company reported 7,173 shares. Amalgamated Bancorporation has invested 0.5% in International Business Machines Corporation (NYSE:IBM). Afam accumulated 49,197 shares or 1.04% of the stock. Adell Harriman & Carpenter holds 0% or 1,719 shares in its portfolio. Brown Brothers Harriman & invested in 120,515 shares. Grandfield Dodd Limited Liability Company invested in 6,999 shares. Ameritas Ptnrs holds 0.17% in International Business Machines Corporation (NYSE:IBM) or 24,051 shares. Penobscot Mngmt Inc accumulated 22,862 shares. Moon Cap Management Lc, Tennessee-based fund reported 2,535 shares. Golub Gru Limited Liability Corp reported 10,894 shares. James Invest Rech has invested 0.43% in International Business Machines Corporation (NYSE:IBM).

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM’s Stock May Drop 14% Further Amid Weak Growth – Seeking Alpha” on October 22, 2018, also Seekingalpha.com with their article: “IBM: Quantum Yield – Seeking Alpha” published on January 10, 2019, Seekingalpha.com published: “IBM releases AI dataset to reduce bias – Seeking Alpha” on January 29, 2019. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM: Inflection Point On The Horizon – Seeking Alpha” published on August 15, 2018 as well as Seekingalpha.com‘s news article titled: “IBM Is A Strong Sell With 33% Downside: Share Repurchases And Underinvestment Have Destroyed The Balance Sheet And Future – Seeking Alpha” with publication date: October 03, 2018.

Since October 19, 2018, it had 0 buys, and 3 insider sales for $68.05 million activity. SANDS ROBERT sold $33.79 million worth of stock or 151,060 shares. $989,106 worth of Constellation Brands, Inc. (NYSE:STZ) shares were sold by Kane Thomas Michael.

Investors sentiment decreased to 1.05 in Q3 2018. Its down 0.20, from 1.25 in 2018Q2. It is negative, as 74 investors sold STZ shares while 256 reduced holdings. 106 funds opened positions while 240 raised stakes. 133.03 million shares or 1.81% less from 135.49 million shares in 2018Q2 were reported. 64,246 were reported by Welch Forbes Ltd. Btg Pactual Glob Asset Mngmt invested 2.74% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Spirit Of America invested 0% in Constellation Brands, Inc. (NYSE:STZ). Moreover, Senator Inv Grp Inc Lp has 3.91% invested in Constellation Brands, Inc. (NYSE:STZ). Fort LP reported 1,107 shares or 0.05% of all its holdings. Discovery Ltd Com Ct reported 443,726 shares. Aperio Gru Ltd Company owns 106,339 shares or 0.1% of their US portfolio. Bnp Paribas Asset Management stated it has 0.18% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Maverick Ltd invested in 616,427 shares. Mirador LP holds 0.11% or 1,008 shares. Thompson Siegel Walmsley Ltd holds 0% or 524 shares in its portfolio. Atlas Browninc stated it has 0.46% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Nomura Hldgs invested in 104,078 shares or 0.08% of the stock. 381,527 were accumulated by Scopus Asset Mngmt L P. Vanguard Grp Inc reported 12.01 million shares stake.

Among 26 analysts covering Constellation Brands (NYSE:STZ), 17 have Buy rating, 0 Sell and 9 Hold. Therefore 65% are positive. Constellation Brands had 106 analyst reports since August 27, 2015 according to SRatingsIntel. The rating was upgraded by Cowen & Co on Monday, November 23 to “Outperform”. Goldman Sachs maintained Constellation Brands, Inc. (NYSE:STZ) on Thursday, April 7 with “Buy” rating. Wells Fargo maintained the shares of STZ in report on Friday, June 30 with “Buy” rating. The firm has “Buy” rating given on Thursday, August 27 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus on Friday, December 11 with “Buy”. The rating was upgraded by SunTrust on Monday, March 14 to “Buy”. RBC Capital Markets maintained Constellation Brands, Inc. (NYSE:STZ) on Friday, June 30 with “Buy” rating. Argus Research maintained Constellation Brands, Inc. (NYSE:STZ) on Monday, January 11 with “Buy” rating. As per Friday, October 5, the company rating was maintained by Wells Fargo. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Neutral” rating given on Friday, September 16 by Credit Suisse.

Constellation Brands, Inc. (NYSE:STZ) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.