Fulton Bank N.A. Acquires 1,555 Shares of International Business Machines Corporation (IBM)

Fulton Bank N.A. grew its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 7.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,612 shares of the technology company’s stock after acquiring an additional 1,555 shares during the period. Fulton Bank N.A.’s holdings in International Business Machines were worth $3,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. SeaBridge Investment Advisors LLC boosted its holdings in International Business Machines by 18.9% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock worth $11,817,000 after buying an additional 12,236 shares during the period. Intellectus Partners LLC boosted its holdings in International Business Machines by 9.8% in the 1st quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock worth $2,929,000 after buying an additional 1,496 shares during the period. CKW Financial Group boosted its holdings in International Business Machines by 14.8% in the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after buying an additional 121 shares during the period. Argus Investors Counsel Inc. boosted its holdings in International Business Machines by 10.9% in the 2nd quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock worth $4,134,000 after buying an additional 2,651 shares during the period. Finally, SOL Capital Management CO boosted its holdings in International Business Machines by 0.6% in the 2nd quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock worth $1,167,000 after buying an additional 45 shares during the period. 57.26% of the stock is owned by hedge funds and other institutional investors.

Shares of International Business Machines Corporation (IBM) opened at $152.50 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. The stock has a market cap of $141,183.13, a PE ratio of 11.16, a PEG ratio of 2.23 and a beta of 0.94. International Business Machines Corporation has a 1 year low of $139.13 and a 1 year high of $182.79.

International Business Machines (NYSE:IBM) last announced 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. The firm had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The business’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.29 EPS. sell-side analysts anticipate that International Business Machines Corporation will post 13.8 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, December 9th. Stockholders of record on Friday, November 10th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Thursday, November 9th. International Business Machines’s dividend payout ratio is 50.13%.

Several research analysts recently weighed in on the stock. Berenberg Bank set a $125.00 target price on shares of International Business Machines and gave the stock a “sell” rating in a report on Wednesday, October 18th. Vetr downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $160.68 target price for the company. in a report on Thursday, October 19th. Tigress Financial reaffirmed a “buy” rating on shares of International Business Machines in a report on Friday, December 1st. Pivotal Research assumed coverage on shares of International Business Machines in a report on Friday, October 27th. They issued a “buy” rating and a $180.00 target price for the company. Finally, KeyCorp reaffirmed a “hold” rating on shares of International Business Machines in a report on Friday, November 3rd. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the stock. International Business Machines presently has an average rating of “Hold” and an average target price of $159.24.

COPYRIGHT VIOLATION WARNING: “Fulton Bank N.A. Acquires 1,555 Shares of International Business Machines Corporation (IBM)” was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://stocknewstimes.com/2017/12/17/fulton-bank-n-a-acquires-1555-shares-of-international-business-machines-corporation-ibm.html.

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM).

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.

Latest News

Leave a Reply