American National Registered Investment Advisor Inc. decreased its position in shares of International Business Machines Corporation (NYSE:IBM) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,806 shares of the technology company’s stock after selling 80 shares during the period. American National Registered Investment Advisor Inc.’s holdings in International Business Machines Corporation were worth $1,355,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of IBM. Pinnacle Bank purchased a new position in shares of International Business Machines Corporation during the first quarter valued at about $1,416,000. HighPoint Advisor Group LLC boosted its position in shares of International Business Machines Corporation by 11.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 21,150 shares of the technology company’s stock valued at $3,848,000 after buying an additional 2,209 shares during the period. Nadler Financial Group Inc. boosted its position in shares of International Business Machines Corporation by 14.1% in the first quarter. Nadler Financial Group Inc. now owns 2,595 shares of the technology company’s stock valued at $452,000 after buying an additional 320 shares during the period. NewSquare Capital LLC boosted its position in shares of International Business Machines Corporation by 13.7% in the first quarter. NewSquare Capital LLC now owns 6,502 shares of the technology company’s stock valued at $1,132,000 after buying an additional 782 shares during the period. Finally, First Command Financial Services Inc. boosted its position in shares of International Business Machines Corporation by 6.0% in the first quarter. First Command Financial Services Inc. now owns 6,866 shares of the technology company’s stock valued at $1,196,000 after buying an additional 389 shares during the period. 58.18% of the stock is owned by institutional investors.
International Business Machines Corporation (NYSE:IBM) traded down 0.54% during trading on Friday, hitting $144.29. 3,054,834 shares of the stock traded hands. The stock has a market cap of $134.47 billion, a P/E ratio of 11.98 and a beta of 0.98. The stock has a 50 day moving average price of $152.32 and a 200-day moving average price of $164.21. International Business Machines Corporation has a 52-week low of $143.64 and a 52-week high of $182.79.
International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings results 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 firm had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. During the same quarter last year, the company earned $2.95 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts anticipate that International Business Machines Corporation will post $13.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Investors of record on Thursday, August 10th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.16%. International Business Machines Corporation’s dividend payout ratio is currently 49.88%.
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Several brokerages have issued reports on IBM. UBS AG reaffirmed a “neutral” rating and issued a $167.00 target price (down from $185.00) on shares of International Business Machines Corporation in a report on Saturday, April 22nd. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $154.00 target price (down from $166.00) on shares of International Business Machines Corporation in a report on Wednesday, July 19th. Berenberg Bank reaffirmed a “sell” rating and issued a $125.00 target price on shares of International Business Machines Corporation in a report on Friday, July 21st. BMO Capital Markets reaffirmed a “hold” rating and issued a $167.00 target price (up from $165.00) on shares of International Business Machines Corporation in a report on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $182.00 target price on shares of International Business Machines Corporation in a report on Friday, July 21st. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $157.50.
In related news, Director James W. Owens purchased 1,718 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were purchased at an average price 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 accessible through the SEC website. 0.23% of the stock is currently owned by company insiders.
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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