International Business Machines Corporation (IBM) Position Held by Mathes Company Inc.

Mathes Company Inc. maintained its stake in shares of International Business Machines Corporation (NYSE:IBM) during the first quarter, Holdings Channel reports. The firm owned 2,982 shares of the technology company’s stock at the end of the first quarter. Mathes Company Inc.’s holdings in International Business Machines Corporation were worth $519,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of International Business Machines Corporation during the fourth quarter worth approximately $1,366,710,000. Asset Management One Co. Ltd. raised its stake in shares of International Business Machines Corporation by 1,629.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,573,373 shares of the technology company’s stock valued at $261,234,000 after buying an additional 1,482,372 shares during the last quarter. State Street Corp raised its stake in shares of International Business Machines Corporation by 2.5% in the fourth quarter. State Street Corp now owns 51,016,969 shares of the technology company’s stock valued at $8,468,300,000 after buying an additional 1,220,924 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of International Business Machines Corporation during the fourth quarter valued at about $82,563,000. Finally, AMF Pensionsforsakring AB raised its stake in shares of International Business Machines Corporation by 186.6% in the fourth quarter. AMF Pensionsforsakring AB now owns 745,277 shares of the technology company’s stock valued at $123,709,000 after buying an additional 485,195 shares during the last quarter. Institutional investors and hedge funds own 58.29% of the company’s stock.

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

International Business Machines Corporation (NYSE IBM) opened at 154.25 on Wednesday. International Business Machines Corporation has a 52-week low of $142.50 and a 52-week high of $182.79. The firm has a market capitalization of $144.92 billion, a PE ratio of 12.69 and a beta of 0.97. The company’s 50-day moving average is $154.04 and its 200-day moving average is $167.40. International Business Machines Corporation also was the target of some unusual options trading activity on Monday. Investors purchased 20,712 call options on the stock. This represents an increase of 194% compared to the typical volume of 7,034 call options.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Tuesday, April 18th. The technology company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.03. International Business Machines Corporation had a net margin of 14.62% and a return on equity of 74.46%. The business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.37 billion. During the same period in the previous year, the business posted $2.35 earnings per share. International Business Machines Corporation’s revenue for the quarter was down 2.8% on a year-over-year basis. Analysts forecast that International Business Machines Corporation will post $13.70 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, June 10th. Shareholders of record on Wednesday, May 10th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, May 8th. This is a positive change from International Business Machines Corporation’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 3.89%. International Business Machines Corporation’s payout ratio is presently 49.34%.

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Several equities research analysts have issued reports on the stock. Pacific Crest assumed coverage on shares of International Business Machines Corporation in a research note on Thursday, May 18th. They issued an “equal weight” rating and a $151.35 price target on the stock. BMO Capital Markets lowered their price target on shares of International Business Machines Corporation from $170.00 to $165.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 19th. Deutsche Bank AG reiterated a “hold” rating and issued a $150.00 price target on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Vetr upgraded 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 research note on Monday, May 15th. Finally, Argus reiterated a “buy” rating and issued a $192.00 price target (up from $185.00) on shares of International Business Machines Corporation in a research note on Wednesday, March 22nd. Eight analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the stock. International Business Machines Corporation currently has a consensus rating of “Hold” and a consensus price target of $164.71.

In related news, Director James W. Owens bought 1,718 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average cost of $153.19 per share, for a total transaction of $263,180.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.

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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