Moon Capital Management LLC Reduces Stake in International Business Machines Corp. (IBM)

Moon Capital Management LLC lowered its position in International Business Machines Corp. (NYSE:IBM) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,700 shares of the technology company’s stock after selling 201 shares during the period. International Business Machines Corp. accounts for 0.5% of Moon Capital Management LLC’s portfolio, making the stock its 28th largest position. Moon Capital Management LLC’s holdings in International Business Machines Corp. were worth $470,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. CKW Financial Group raised its position in shares of International Business Machines Corp. by 0.4% in the third quarter. CKW Financial Group now owns 815 shares of the technology company’s stock worth $129,000 after buying an additional 3 shares during the period. Independence Advisors LLC raised its position in shares of International Business Machines Corp. by 0.3% in the first quarter. Independence Advisors LLC now owns 1,937 shares of the technology company’s stock worth $337,000 after buying an additional 5 shares during the period. Jackson Grant Investment Advisers Inc. raised its position in shares of International Business Machines Corp. by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock worth $122,000 after buying an additional 6 shares during the period. Beaumont Financial Partners LLC raised its position in shares of International Business Machines Corp. by 0.3% in the fourth quarter. Beaumont Financial Partners LLC now owns 3,250 shares of the technology company’s stock worth $539,000 after buying an additional 11 shares during the period. Finally, Financial & Investment Management Group Ltd. raised its position in shares of International Business Machines Corp. by 0.6% in the first quarter. Financial & Investment Management Group Ltd. now owns 1,958 shares of the technology company’s stock worth $341,000 after buying an additional 12 shares during the period. Institutional investors and hedge funds own 58.65% of the company’s stock.

Institutional Ownership by Quarter for International Business Machines Corp. (NYSE:IBM)

International Business Machines Corp. (NYSE:IBM) traded up 0.45% during midday trading on Thursday, hitting $153.20. The company had a trading volume of 2,582,674 shares. The company’s 50 day moving average is $159.74 and its 200-day moving average is $167.98. International Business Machines Corp. has a one year low of $142.50 and a one year high of $182.79. The company has a market cap of $143.93 billion, a P/E ratio of 12.60 and a beta of 0.96.

International Business Machines Corp. (NYSE:IBM) last announced its quarterly earnings data on Tuesday, April 18th. The technology company reported $2.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.35 by $0.03. International Business Machines Corp. had a return on equity of 78.32% and a net margin of 14.85%. The company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.37 billion. During the same quarter last year, the firm earned $2.35 EPS. International Business Machines Corp.’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts predict that International Business Machines Corp. will post $13.70 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Investors of record on Wednesday, May 10th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Monday, May 8th. This is an increase from International Business Machines Corp.’s previous quarterly dividend of $1.40. International Business Machines Corp.’s dividend payout ratio (DPR) is 45.16%.

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A number of equities analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $180.00 price objective on shares of International Business Machines Corp. in a research report on Tuesday. Stifel Nicolaus lowered their price objective on shares of International Business Machines Corp. from $192.00 to $182.00 and set a “buy” rating on the stock in a research report on Wednesday. Vetr upgraded shares of International Business Machines Corp. from a “sell” rating to a “hold” rating and set a $147.97 price objective on the stock in a research report on Monday, May 15th. Jefferies Group LLC set a $135.00 price objective on shares of International Business Machines Corp. and gave the company a “sell” rating in a research report on Friday, May 19th. Finally, Sanford C. Bernstein reiterated a “neutral” rating and issued a $150.00 price objective on shares of International Business Machines Corp. in a research report on Monday, May 15th. Eight equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $164.54.

In related news, Director James W. Owens bought 1,718 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average price of $153.19 per share, for a total transaction of $263,180.42. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is owned by company insiders.

About International Business Machines Corp.

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

12 Month Chart for NYSE:IBM

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