Douglas Lane & Associates LLC Grows Holdings in International Business Machines Corp. (NYSE:IBM)

Douglas Lane & Associates LLC grew its stake in shares of International Business Machines Corp. (NYSE:IBM) by 10.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,094 shares of the technology company’s stock after purchasing an additional 5,643 shares during the quarter. Douglas Lane & Associates LLC’s holdings in International Business Machines were worth $8,428,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. SeaBridge Investment Advisors LLC raised its holdings in International Business Machines by 18.9% in the second quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock worth $11,817,000 after purchasing an additional 12,236 shares in the last quarter. Intellectus Partners LLC increased its holdings in shares of International Business Machines by 9.8% during the first quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock valued at $2,929,000 after acquiring an additional 1,496 shares in the last quarter. CKW Financial Group increased its holdings in shares of International Business Machines by 14.8% during the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after acquiring an additional 121 shares in the last quarter. Argus Investors Counsel Inc. increased its holdings in shares of International Business Machines by 10.9% during the second quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock valued at $4,134,000 after acquiring an additional 2,651 shares in the last quarter. Finally, SOL Capital Management CO increased its holdings in shares of International Business Machines by 0.6% during the second quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock valued at $1,167,000 after acquiring an additional 45 shares in the last quarter. 57.11% of the stock is owned by institutional investors.

Shares of International Business Machines Corp. (NYSE IBM) traded down $1.06 on Friday, reaching $163.14. The company had a trading volume of 5,029,835 shares, compared to its average volume of 4,810,000. The company has a market cap of $151,030.00, a P/E ratio of 13.62, a PEG ratio of 2.39 and a beta of 0.94. International Business Machines Corp. has a 52 week low of $139.13 and a 52 week high of $182.79. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36.

International Business Machines (NYSE:IBM) last issued its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.02. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The company had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same quarter last year, the company earned $3.29 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. equities research analysts predict that International Business Machines Corp. will post 13.78 EPS for the current year.

Several equities analysts have recently weighed in on IBM shares. Drexel Hamilton restated a “buy” rating and set a $200.00 price target on shares of International Business Machines in a report on Tuesday, October 17th. Stifel Nicolaus restated a “buy” rating and set a $182.00 price target on shares of International Business Machines in a report on Friday, October 6th. ValuEngine upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Vetr upgraded International Business Machines from a “hold” rating to a “buy” rating and set a $164.53 price objective for the company in a report on Tuesday, October 24th. Finally, Pivotal Research began coverage on International Business Machines in a report on Friday, October 27th. They issued a “buy” rating and a $180.00 price objective for the company. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $159.90.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/01/13/international-business-machines-corp-ibm-shares-bought-by-douglas-lane-associates-llc.html.

International Business Machines 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.

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

Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply