FTB Advisors Inc. boosted its position in International Business Machines Corp. (NYSE:IBM) by 4.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,280 shares of the technology company’s stock after purchasing an additional 2,946 shares during the period. International Business Machines comprises 1.0% of FTB Advisors Inc.’s investment portfolio, making the stock its 22nd biggest position. FTB Advisors Inc.’s holdings in International Business Machines were worth $9,781,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in International Business Machines by 3.7% during the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after buying an additional 2,241,818 shares in the last quarter. BlackRock Inc. increased its position in International Business Machines by 2.4% during the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after buying an additional 1,241,441 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in International Business Machines by 3.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock worth $715,497,000 after buying an additional 134,862 shares in the last quarter. Nordea Investment Management AB increased its position in International Business Machines by 14.1% during the third quarter. Nordea Investment Management AB now owns 3,708,439 shares of the technology company’s stock worth $538,020,000 after buying an additional 458,392 shares in the last quarter. Finally, Swiss National Bank increased its position in International Business Machines by 2.9% during the second quarter. Swiss National Bank now owns 3,534,977 shares of the technology company’s stock worth $543,786,000 after buying an additional 100,700 shares in the last quarter. 57.08% of the stock is owned by hedge funds and other institutional investors.
Shares of International Business Machines Corp. (NYSE IBM) opened at $151.40 on Tuesday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.29 and a current ratio of 1.33. The stock has a market capitalization of $138,415.08, a PE ratio of 24.78, a PEG ratio of 2.19 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.
International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.17 by $0.01. The firm had revenue of $22.54 billion during the quarter, compared to analyst estimates of $22.03 billion. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. International Business Machines’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $5.01 earnings per share. research analysts predict that International Business Machines Corp. will post 13.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.96%. The ex-dividend date is Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 98.20%.
In other news, Director Frederick H. Waddell acquired 610 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was purchased at an average cost of $163.38 per share, with a total value of $99,661.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is owned by insiders.
Several equities analysts have weighed in on IBM shares. Zacks Investment Research downgraded International Business Machines from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Drexel Hamilton restated a “buy” rating and set a $200.00 price objective on shares of International Business Machines in a report on Tuesday, October 17th. BMO Capital Markets restated a “market perform” rating and set a $170.00 price objective (up previously from $167.00) on shares of International Business Machines in a report on Wednesday, October 18th. UBS Group restated a “neutral” rating and set a $160.00 price objective (up previously from $152.00) on shares of International Business Machines in a report on Wednesday, October 18th. Finally, Citigroup lifted their target price on International Business Machines from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 18th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company. International Business Machines has a consensus rating of “Hold” and an average price target of $164.37.
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International Business Machines 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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