International Business Machines Corporation (IBM) Stake Boosted by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV boosted its position in International Business Machines Corporation (NYSE:IBM) by 89.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,443 shares of the technology company’s stock after buying an additional 12,928 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in International Business Machines Corporation were worth $4,779,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IBM. Triangle Securities Wealth Management increased its stake in shares of International Business Machines Corporation by 3.5% in the first quarter. Triangle Securities Wealth Management now owns 3,052 shares of the technology company’s stock worth $531,000 after buying an additional 103 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in shares of International Business Machines Corporation by 2.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 773,209 shares of the technology company’s stock worth $134,645,000 after buying an additional 15,736 shares during the period. Curbstone Financial Management Corp increased its stake in shares of International Business Machines Corporation by 1.0% in the first quarter. Curbstone Financial Management Corp now owns 2,553 shares of the technology company’s stock worth $445,000 after buying an additional 25 shares during the period. Independence Advisors LLC increased its stake in shares of International Business Machines Corporation 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. Finally, Manning & Napier Advisors LLC increased its stake in shares of International Business Machines Corporation by 4.9% in the first quarter. Manning & Napier Advisors LLC now owns 105,356 shares of the technology company’s stock worth $18,345,000 after buying an additional 4,877 shares during the period. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Corporation (IBM) traded up 0.41% during mid-day trading on Tuesday, reaching $140.90. 565,138 shares of the company’s stock were exchanged. The company has a market capitalization of $131.31 billion, a P/E ratio of 11.69 and a beta of 0.97. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The company’s 50 day moving average price is $146.92 and its 200-day moving average price is $160.78.

International Business Machines Corporation (NYSE:IBM) last released its earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. During the same period in the prior year, the business posted $2.95 EPS. The business’s revenue was down 4.7% on a year-over-year basis. On average, equities research analysts expect that International Business Machines Corporation will post $13.77 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Investors of record on Thursday, August 10th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

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IBM has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued a “market perform” rating and set a $162.50 price target on shares of International Business Machines Corporation in a report on Tuesday, April 25th. Sanford C. Bernstein reissued a “neutral” rating and set a $150.00 price target on shares of International Business Machines Corporation in a report on Friday, May 5th. Vetr raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.97 price target on the stock in a report on Monday, May 15th. Pacific Crest initiated coverage on shares of International Business Machines Corporation in a report on Thursday, May 18th. They set an “equal weight” rating and a $151.35 price target on the stock. Finally, Jefferies Group LLC set a $135.00 price target on shares of International Business Machines Corporation and gave the stock a “sell” rating in a report on Friday, May 19th. Seven analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $157.40.

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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