International Business Machines Corporation (NYSE:IBM) Position Lowered by Trust Investment Advisors

Trust Investment Advisors lowered its position in shares of International Business Machines Corporation (NYSE:IBM) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,960 shares of the technology company’s stock after selling 200 shares during the period. Trust Investment Advisors’ holdings in International Business Machines Corporation were worth $1,212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in International Business Machines Corporation during the fourth quarter worth $1,366,710,000. AMF Pensionsforsakring AB increased its stake in International Business Machines Corporation by 186.6% in the fourth quarter. AMF Pensionsforsakring AB now owns 745,277 shares of the technology company’s stock worth $123,709,000 after buying an additional 485,195 shares during the period. Janus Capital Management LLC increased its stake in International Business Machines Corporation by 88.9% in the fourth quarter. Janus Capital Management LLC now owns 432,972 shares of the technology company’s stock worth $71,869,000 after buying an additional 203,787 shares during the period. British Airways Pensions Investment Management Ltd bought a new stake in International Business Machines Corporation during the first quarter worth about $23,149,000. Finally, Parnassus Investments CA increased its stake in International Business Machines Corporation by 12.4% in the first quarter. Parnassus Investments CA now owns 1,135,000 shares of the technology company’s stock worth $197,649,000 after buying an additional 125,000 shares during the period. 58.18% of the stock is currently owned by institutional investors.

Shares of International Business Machines Corporation (NYSE IBM) opened at 146.19 on Wednesday. The firm’s 50-day moving average is $153.09 and its 200 day moving average is $164.83. The company has a market capitalization of $136.67 billion, a price-to-earnings ratio of 12.14 and a beta of 0.98. International Business Machines Corporation has a 12 month low of $145.80 and a 12 month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. During the same period last year, the firm posted $2.95 EPS. The company’s revenue was down 4.7% on a year-over-year basis. Equities analysts expect that International Business Machines Corporation will post $13.73 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 4.10%. International Business Machines Corporation’s dividend payout ratio (DPR) is currently 49.88%.

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A number of analysts recently issued reports on IBM shares. Sanford C. Bernstein restated a “neutral” rating and set a $150.00 price objective on shares of International Business Machines Corporation in a report on Monday, May 15th. Goldman Sachs Group, Inc. (The) decreased their price objective on shares of International Business Machines Corporation from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, April 19th. Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.02 price objective for the company in a report on Wednesday, June 7th. Credit Suisse Group restated an “underperform” rating and set a $110.00 price objective (down previously from $125.00) on shares of International Business Machines Corporation in a report on Monday, July 17th. Finally, UBS AG restated a “neutral” rating and set a $159.00 price objective (down previously from $167.00) on shares of International Business Machines Corporation in a report on Saturday. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the company. International Business Machines Corporation has an average rating of “Hold” and a consensus price target of $157.50.

In related news, Director James W. Owens acquired 1,718 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average cost of $153.19 per share, with a total value of $263,180.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.23% of the company’s stock.

International Business Machines Corporation Company Profile

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.

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

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