Capital Management Corp VA boosted its position in International Business Machines Corp. (NYSE:IBM) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 2,483 shares of the technology company’s stock after buying an additional 1 shares during the period. Capital Management Corp VA’s holdings in International Business Machines Corp. were worth $377,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Alecta Pensionsforsakring Omsesidigt purchased a new position in International Business Machines Corp. during the first quarter worth $375,596,000. State Street Corp increased its position in International Business Machines Corp. by 2.5% in the first quarter. State Street Corp now owns 50,852,184 shares of the technology company’s stock worth $7,701,559,000 after buying an additional 1,230,826 shares during the period. BlackRock Fund Advisors increased its position in International Business Machines Corp. by 10.0% in the first quarter. BlackRock Fund Advisors now owns 12,645,562 shares of the technology company’s stock worth $1,915,170,000 after buying an additional 1,154,028 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in International Business Machines Corp. by 480.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,035,805 shares of the technology company’s stock worth $156,873,000 after buying an additional 857,486 shares during the period. Finally, Thomaspartners Inc. increased its position in International Business Machines Corp. by 66.6% in the first quarter. Thomaspartners Inc. now owns 1,277,266 shares of the technology company’s stock worth $193,442,000 after buying an additional 510,586 shares during the period. 57.63% of the stock is owned by hedge funds and other institutional investors.

Shares of International Business Machines Corp. (NYSE:IBM) traded down 1.17% during midday trading on Friday, reaching $153.84. The company’s stock had a trading volume of 6,463,644 shares. International Business Machines Corp. has a 12-month low of $116.90 and a 12-month high of $164.95. The company’s 50-day moving average price is $160.39 and its 200 day moving average price is $152.23. The company has a market capitalization of $147.05 billion, a P/E ratio of 12.51 and a beta of 0.77.

International Business Machines Corp. (NYSE:IBM) last announced its quarterly earnings data on Monday, July 18th. The technology company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.89 by $0.06. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.03 billion. International Business Machines Corp. had a return on equity of 88.92% and a net margin of 14.86%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.84 EPS. On average, equities research analysts forecast that International Business Machines Corp. will post $13.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Wednesday, August 10th were given a dividend of $1.40 per share. The ex-dividend date was Monday, August 8th. This represents a $5.60 annualized dividend and a dividend yield of 3.64%. International Business Machines Corp.’s dividend payout ratio (DPR) is presently 45.53%.

IBM has been the subject of several recent analyst reports. Credit Suisse Group AG reissued a “sell” rating on shares of International Business Machines Corp. in a report on Wednesday, July 13th. Cantor Fitzgerald reissued a “hold” rating and issued a $135.00 price objective on shares of International Business Machines Corp. in a report on Wednesday, July 6th. Societe Generale set a $115.00 price objective on International Business Machines Corp. and gave the company a “sell” rating in a report on Monday, July 11th. Citigroup Inc. increased their price objective on International Business Machines Corp. from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Tuesday, July 19th. Finally, Vetr downgraded International Business Machines Corp. from a “buy” rating to a “hold” rating and set a $155.17 price objective for the company. in a report on Thursday, June 30th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $153.31.

In other news, insider Robert J. Leblanc sold 15,708 shares of the stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $162.25, for a total transaction of $2,548,623.00. Following the transaction, the insider now directly owns 61,374 shares in the company, valued at approximately $9,957,931.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John E. Kelly III sold 6,698 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $160.89, for a total value of $1,077,641.22. Following the transaction, the insider now owns 33,576 shares in the company, valued at $5,402,042.64. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

About International Business Machines Corp.

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

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