As Avery Dennison Corp. (AVY) Valuation Declined, Holder Mutual Of America Capital Management Has Decreased Holding by $1.75 Million; Int’l Business Machines (IBM) Shareholder Oakworth Capital Has Cut Holding by $401,472 as Stock Price Declined

April 20, 2018 - By Henry Gaston

Avery Dennison Corporation (NYSE:AVY) Logo

Oakworth Capital Inc decreased its stake in Int’l Business Machines Corp (IBM) by 41.86% based on its latest 2017Q4 regulatory filing with the SEC. Oakworth Capital Inc sold 2,624 shares as the company’s stock declined 0.39% with the market. The institutional investor held 3,644 shares of the computer manufacturing company at the end of 2017Q4, valued at $561,000, down from 6,268 at the end of the previous reported quarter. Oakworth Capital Inc who had been investing in Int’l Business Machines Corp for a number of months, seems to be less bullish one the $136.06 billion market cap company. The stock decreased 0.73% or $1.09 during the last trading session, reaching $147.7. About 8.09M shares traded or 55.40% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since April 20, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Mutual Of America Capital Management Llc decreased its stake in Avery Dennison Corp. (AVY) by 38.1% based on its latest 2017Q4 regulatory filing with the SEC. Mutual Of America Capital Management Llc sold 15,315 shares as the company’s stock declined 8.51% with the market. The institutional investor held 24,886 shares of the containers and packaging company at the end of 2017Q4, valued at $2.86 million, down from 40,201 at the end of the previous reported quarter. Mutual Of America Capital Management Llc who had been investing in Avery Dennison Corp. for a number of months, seems to be less bullish one the $9.49B market cap company. The stock decreased 0.47% or $0.51 during the last trading session, reaching $107.69. About 719,899 shares traded. Avery Dennison Corporation (NYSE:AVY) has risen 31.20% since April 20, 2017 and is uptrending. It has outperformed by 19.65% the S&P500.

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.13, from 0.92 in 2017Q3. It is positive, as 25 investors sold AVY shares while 180 reduced holdings. 79 funds opened positions while 137 raised stakes. 69.57 million shares or 0.73% less from 70.08 million shares in 2017Q3 were reported. Fincl Counselors Inc reported 0.26% in Avery Dennison Corporation (NYSE:AVY). 114,217 were accumulated by Peapack Gladstone Finance Corp. 50,920 are owned by Comerica State Bank. D E Shaw owns 18,755 shares for 0% of their portfolio. Walleye Trading Ltd Limited Liability Company reported 0% in Avery Dennison Corporation (NYSE:AVY). Advisor Prns Ltd Company stated it has 2,416 shares. Lmr Partners Llp accumulated 0.17% or 14,008 shares. Fruth Investment Management owns 2,800 shares or 0.14% of their US portfolio. Meiji Yasuda Asset Mgmt Ltd holds 0.1% or 9,409 shares. Atria Lc accumulated 7,195 shares. Moreover, Azimuth Mgmt Ltd Llc has 0.03% invested in Avery Dennison Corporation (NYSE:AVY). 622,825 were reported by Adage Cap Prtn Group Lc. Kentucky Retirement Sys Ins Trust Fund holds 2,347 shares. Qs Investors Ltd Llc reported 22,800 shares stake. Commerzbank Aktiengesellschaft Fi reported 0.02% stake.

Analysts await Avery Dennison Corporation (NYSE:AVY) to report earnings on April, 25 before the open. They expect $1.34 earnings per share, up 20.72% or $0.23 from last year’s $1.11 per share. AVY’s profit will be $118.06M for 20.09 P/E if the $1.34 EPS becomes a reality. After $1.33 actual earnings per share reported by Avery Dennison Corporation for the previous quarter, Wall Street now forecasts 0.75% EPS growth.

Since October 27, 2017, it had 0 buys, and 11 insider sales for $18.46 million activity. $1.76M worth of Avery Dennison Corporation (NYSE:AVY) was sold by Miller Susan C. 2,000 Avery Dennison Corporation (NYSE:AVY) shares with value of $229,510 were sold by BARKER PETER K. $3.31M worth of Avery Dennison Corporation (NYSE:AVY) shares were sold by SCARBOROUGH DEAN A. Shares for $889,275 were sold by Butier Mitchell R. 21,134 shares were sold by Hill Anne, worth $2.50 million.

Among 11 analysts covering Avery Dennison (NYSE:AVY), 5 have Buy rating, 2 Sell and 4 Hold. Therefore 45% are positive. Avery Dennison had 38 analyst reports since October 15, 2015 according to SRatingsIntel. JP Morgan downgraded the stock to “Neutral” rating in Friday, May 20 report. As per Thursday, October 26, the company rating was downgraded by J.P. Morgan. The stock of Avery Dennison Corporation (NYSE:AVY) earned “Neutral” rating by JP Morgan on Monday, February 12. The firm has “Hold” rating given on Monday, October 23 by KeyBanc Capital Markets. The firm has “Overweight” rating given on Monday, October 30 by Barclays Capital. The rating was upgraded by Citigroup to “Buy” on Friday, January 6. The firm has “Overweight” rating given on Thursday, October 27 by JP Morgan. JP Morgan downgraded Avery Dennison Corporation (NYSE:AVY) on Friday, March 16 to “Underweight” rating. The company was maintained on Thursday, February 1 by Robert W. Baird. The stock of Avery Dennison Corporation (NYSE:AVY) has “Hold” rating given on Monday, February 12 by J.P. Morgan.

Mutual Of America Capital Management Llc, which manages about $13.10 billion and $6.56B US Long portfolio, upped its stake in Callidus Software Inc (NASDAQ:CALD) by 47,731 shares to 298,124 shares, valued at $8.54M in 2017Q4, according to the filing. It also increased its holding in Great Plains Energy Inc (NYSE:GXP) by 16,635 shares in the quarter, for a total of 238,173 shares, and has risen its stake in Matador Resources Co. (NYSE:MTDR).

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.29, from 0.74 in 2017Q3. It increased, 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. Pictet And Cie (Europe) reported 0.14% in International Business Machines Corporation (NYSE:IBM). Tokio Marine Asset Ltd accumulated 0.11% or 4,865 shares. Trustco Bancorporation N Y reported 1.89% of its portfolio in International Business Machines Corporation (NYSE:IBM). Commerzbank Aktiengesellschaft Fi accumulated 317,137 shares. Autus Asset Management Lc invested in 3,897 shares or 0.11% of the stock. The New York-based Hamlin Mgmt Ltd Liability Com has invested 2.72% in International Business Machines Corporation (NYSE:IBM). First Fincl Bank reported 10,473 shares. Farr Miller & Washington Llc Dc has 0.27% invested in International Business Machines Corporation (NYSE:IBM) for 19,514 shares. First Bank Tru has invested 0.27% of its portfolio in International Business Machines Corporation (NYSE:IBM). Putnam Fl Mgmt stated it has 0.08% in International Business Machines Corporation (NYSE:IBM). Moreover, Acadian Asset Mngmt Ltd Com has 0.02% invested in International Business Machines Corporation (NYSE:IBM). Osher Van De Voorde Invest Mgmt has invested 3.66% in International Business Machines Corporation (NYSE:IBM). Lowe Brockenbrough & Co stated it has 40,848 shares or 0.9% of all its holdings. Jnba Advsr stated it has 2,327 shares or 0.08% of all its holdings. Kelly Lawrence W And Ca reported 900 shares.

Since January 31, 2018, it had 1 insider purchase, and 2 insider sales for $2.69 million activity. 13,000 shares valued at $2.01 million were sold by Clementi Erich on Friday, February 23. Gherson Diane J sold $780,000 worth of International Business Machines Corporation (NYSE:IBM) on Monday, February 26.

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 126 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained it with “Sell” rating and $13500 target in Thursday, June 22 report. The stock has “Overweight” rating by Morgan Stanley on Thursday, March 31. RBC Capital Markets maintained International Business Machines Corporation (NYSE:IBM) rating on Wednesday, October 28. RBC Capital Markets has “Sector Perform” rating and $150 target. On Tuesday, September 22 the stock rating was maintained by Goldman Sachs with “Neutral”. The firm earned “Buy” rating on Tuesday, October 20 by Stifel Nicolaus. JMP Securities maintained the shares of IBM in report on Tuesday, July 19 with “Market Outperform” rating. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, July 19. The stock has “Hold” rating by Wedbush on Thursday, August 3. Morgan Stanley maintained the shares of IBM in report on Wednesday, July 19 with “Buy” rating. Goldman Sachs maintained it with “Neutral” rating and $147 target in Tuesday, July 19 report.

Avery Dennison Corporation (NYSE:AVY) Institutional Positions Chart

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