Bb&T (BBT) Shareholder Washington Trust Company Has Upped Its Stake by $638,716; Country Club Trust Company Increases Stake in International Business Machs (IBM)

August 12, 2018 - By Mary Kidd

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Country Club Trust Company increased its stake in International Business Machs (IBM) by 2.18% based on its latest 2018Q1 regulatory filing with the SEC. Country Club Trust Company bought 2,138 shares as the company’s stock declined 9.42% with the market. The institutional investor held 100,191 shares of the computer manufacturing company at the end of 2018Q1, valued at $15.37M, up from 98,053 at the end of the previous reported quarter. Country Club Trust Company who had been investing in International Business Machs for a number of months, seems to be bullish on the $131.88B market cap company. The stock decreased 0.20% or $0.29 during the last trading session, reaching $144.48. About 3.00 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since August 12, 2017 and is downtrending. It has underperformed by 18.81% the S&P500. Some Historical IBM News: 02/04/2018 – Elon Musk’s top 5 personality traits, according to an IBM supercomputer; 14/03/2018 – Cloudflare and IBM Collaborate to Extend Security and Performance from the Cloud to the Network Edge; 17/04/2018 – Carbon Black Expands Relationship with IBM Security; Predictive Security Cloud (PSC) Part of Newly Launched IBM X-Force Threat; 19/03/2018 – FileShadow Premieres File Archiving Protection Service Hosted on IBM Cloud; 29/03/2018 – IBM – IBM ADOPTS NEW FASB GUIDANCE ON PENSION REPORTING CHANGE EFFECTIVE IN 2018; 24/05/2018 – FRESCHE SOLUTIONS, A PROVIDER OF IBM l APPLICATION MODERNIZATION AND MANAGEMENT SOLUTIONS, ANNOUNCED IT SECURED $60 MLN OF FINANCING; 17/04/2018 – IBM – ACTIONS “TO TRANFORM BUSINESS” DROVE PRETAX CHARGES OF ABOUT $610 MLN IN THE QTR, WITH MAJORITY OF THIS IN SG&A AND SOME IN COSTS – CONF CALL; 29/03/2018 – IBM: Impact of Changes Offset Each Other Within 2018 Expectations of at Least $13.80 of Operating EPS; 08/03/2018 – REG-lntnl Bus. Mach: Doc re Notification of filing of document; 04/04/2018 – IBM Joins the Sovrin Foundation as a Founding Steward

Washington Trust Company increased its stake in Bb&T Corp (BBT) by 6.32% based on its latest 2018Q1 regulatory filing with the SEC. Washington Trust Company bought 12,283 shares as the company’s stock declined 1.68% with the market. The institutional investor held 206,556 shares of the major banks company at the end of 2018Q1, valued at $10.75M, up from 194,273 at the end of the previous reported quarter. Washington Trust Company who had been investing in Bb&T Corp for a number of months, seems to be bullish on the $39.30 billion market cap company. The stock decreased 0.88% or $0.45 during the last trading session, reaching $50.75. About 2.59M shares traded. BB&T Corporation (NYSE:BBT) has risen 28.68% since August 12, 2017 and is uptrending. It has outperformed by 16.11% the S&P500. Some Historical BBT News: 24/04/2018 – BB&T announces second-quarter dividends; 19/04/2018 – BB&T 1Q-End Tier 1 Risk-Based Capital 12%, Total Capital 14%

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM Continues A Slow Climb” on July 20, 2018, also Fool.com with their article: “The Deals Keep Coming for IBM” published on July 26, 2018, 247Wallst.com published: “IBM Is Still Not Microsoft (Update)” on July 20, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM Q – The Moonshot We Might Be Waiting For” published on July 31, 2018 as well as Seekingalpha.com‘s news article titled: “IBM +1% on Q2 revenue beat” with publication date: July 18, 2018.

Among 34 analysts covering International Business Machines (NYSE:IBM), 14 have Buy rating, 4 Sell and 16 Hold. Therefore 41% are positive. International Business Machines had 134 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained International Business Machines Corporation (NYSE:IBM) on Friday, January 15 with “Sector Perform” rating. Jefferies maintained it with “Sell” rating and $125.0 target in Wednesday, August 16 report. The stock of International Business Machines Corporation (NYSE:IBM) earned “Hold” rating by Wedbush on Thursday, August 3. The firm has “Hold” rating given on Friday, January 19 by BMO Capital Markets. The stock has “Buy” rating by Morgan Stanley on Wednesday, October 18. Morgan Stanley maintained International Business Machines Corporation (NYSE:IBM) rating on Tuesday, July 19. Morgan Stanley has “Overweight” rating and $182 target. The firm has “Hold” rating given on Thursday, October 12 by RBC Capital Markets. The firm has “Neutral” rating given on Wednesday, October 21 by Citigroup. The firm has “Underperform” rating given on Tuesday, October 18 by Credit Suisse. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, January 20 report.

Since February 23, 2018, it had 0 insider purchases, and 3 sales for $4.46 million activity. Clementi Erich sold $2.01 million worth of International Business Machines Corporation (NYSE:IBM) on Friday, February 23.

Investors sentiment increased to 1.11 in 2018 Q1. Its up 0.08, from 1.03 in 2017Q4. It increased, as 60 investors sold IBM shares while 560 reduced holdings. 117 funds opened positions while 570 raised stakes. 501.15 million shares or 0.58% less from 504.07 million shares in 2017Q4 were reported. Modera Wealth Mgmt Limited Liability Company invested in 8,442 shares. Dreman Value Mgmt L L C reported 0.41% in International Business Machines Corporation (NYSE:IBM). Davenport Communications Ltd Llc, a Virginia-based fund reported 64,149 shares. Lifeplan Financial Grp Inc Inc owns 28 shares for 0% of their portfolio. Boston Partners stated it has 42,669 shares or 0.01% of all its holdings. 6,066 were reported by White Pine Capital Llc. Ironwood Invest Counsel Ltd Liability Corp owns 32,974 shares. Professional Advisory holds 4,077 shares or 0.14% of its portfolio. Doheny Asset Mngmt Ca holds 0.59% or 7,351 shares. Spectrum Management Grp Inc holds 0.16% or 2,900 shares in its portfolio. Caz Invests LP reported 5,840 shares or 1.73% of all its holdings. Marshwinds Advisory reported 23,889 shares. Bahl Gaynor Inc holds 15,656 shares. Maryland Mngmt holds 5,392 shares or 0.12% of its portfolio. Arbor Advisors Limited Liability Com accumulated 2,296 shares.

Country Club Trust Company, which manages about $816.24M US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 4,034 shares to 121,358 shares, valued at $15.55M in 2018Q1, according to the filing. It also reduced its holding in Powershares Etf Trust (PID) by 79,868 shares in the quarter, leaving it with 622,910 shares, and cut its stake in Prudential Finl Inc (NYSE:PRU).

Among 32 analysts covering BB&T Corp (NYSE:BBT), 16 have Buy rating, 0 Sell and 16 Hold. Therefore 50% are positive. BB&T Corp had 114 analyst reports since July 17, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Thursday, January 18. The rating was maintained by Sandler O’Neill with “Hold” on Thursday, April 19. The firm earned “Buy” rating on Monday, January 8 by SunTrust. On Monday, January 9 the stock rating was upgraded by Piper Jaffray to “Neutral”. BMO Capital Markets maintained BB&T Corporation (NYSE:BBT) on Friday, October 20 with “Market Perform” rating. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock of BB&T Corporation (NYSE:BBT) has “Hold” rating given on Thursday, January 18 by Robert W. Baird. Wells Fargo maintained the shares of BBT in report on Thursday, August 10 with “Market Perform” rating. The firm earned “Equal-Weight” rating on Friday, February 2 by Morgan Stanley. RBC Capital Markets maintained BB&T Corporation (NYSE:BBT) rating on Thursday, June 22. RBC Capital Markets has “Buy” rating and $5000 target.

Investors sentiment decreased to 1.12 in 2018 Q1. Its down 0.03, from 1.15 in 2017Q4. It fall, as 36 investors sold BBT shares while 301 reduced holdings. 110 funds opened positions while 268 raised stakes. 481.29 million shares or 0.34% more from 479.66 million shares in 2017Q4 were reported. Hanson & Doremus Inv Mngmt reported 0.01% stake. Hightower Advisors Ltd stated it has 0.15% of its portfolio in BB&T Corporation (NYSE:BBT). Moreover, Farr Miller And Washington Dc has 2.33% invested in BB&T Corporation (NYSE:BBT). Chevy Chase Holdings Incorporated owns 693,088 shares. Nordea Inv has invested 0.06% in BB&T Corporation (NYSE:BBT). Mai Cap Management stated it has 4,215 shares or 0.01% of all its holdings. California State Teachers Retirement reported 0.15% of its portfolio in BB&T Corporation (NYSE:BBT). Proshare Advsrs Lc reported 0.08% stake. D Scott Neal holds 0.19% or 6,749 shares in its portfolio. Us Bank De invested in 0.06% or 401,122 shares. Mitchell Mcleod Pugh & Williams Inc accumulated 0.23% or 6,135 shares. Teachers Retirement System Of The State Of Kentucky stated it has 0.05% in BB&T Corporation (NYSE:BBT). Shelter Ins Retirement Plan has 1% invested in BB&T Corporation (NYSE:BBT) for 41,500 shares. Livforsakringsbolaget Skandia Omsesidigt stated it has 1.28% of its portfolio in BB&T Corporation (NYSE:BBT). Louisiana State Employees Retirement System invested 0.11% in BB&T Corporation (NYSE:BBT).

More recent BB&T Corporation (NYSE:BBT) news were published by: Seekingalpha.com which released: “Reduce Holdings Of Regional Banks On Turkey Turmoil” on August 10, 2018. Also Seekingalpha.com published the news titled: “BB&T Corporation 2018 Q2 – Results – Earnings Call Slides” on July 19, 2018. Benzinga.com‘s news article titled: “Earnings Outlook For BB&T” with publication date: July 18, 2018 was also an interesting one.

BB&T Corporation (NYSE:BBT) Institutional Positions Chart

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