American Assets Investment Management LLC continued to hold its position in International Business Machines Corporation (NYSE:IBM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,000 shares of the technology company’s stock at the end of the first quarter. American Assets Investment Management LLC’s holdings in International Business Machines Corporation were worth $1,393,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle Bank purchased a new position in International Business Machines Corporation during the first quarter valued at about $1,416,000. Wellington Shields & Co. LLC boosted its position in International Business Machines Corporation by 1.0% in the first quarter. Wellington Shields & Co. LLC now owns 29,440 shares of the technology company’s stock valued at $5,127,000 after buying an additional 300 shares in the last quarter. NewSquare Capital LLC boosted its position in 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 in the last quarter. First Command Financial Services Inc. boosted its position in 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 in the last quarter. Finally, Barry Investment Advisors LLC boosted its position in International Business Machines Corporation by 8.4% in the first quarter. Barry Investment Advisors LLC now owns 3,181 shares of the technology company’s stock valued at $554,000 after buying an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 57.91% of the company’s stock.

Shares of International Business Machines Corporation (IBM) traded up 0.50% during mid-day trading on Thursday, hitting $143.27. 921,267 shares of the stock traded hands. The stock has a 50 day moving average price of $145.84 and a 200-day moving average price of $160.04. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The company has a market cap of $133.52 billion, a P/E ratio of 11.89 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last issued its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. During the same period in the prior year, the firm posted $2.95 EPS. The business’s revenue was down 4.7% compared to the same quarter last year. On average, analysts forecast that International Business Machines Corporation will post $13.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio is 49.88%.

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IBM has been the subject of several recent analyst reports. Jefferies Group LLC set a $135.00 price target on shares of International Business Machines Corporation and gave the stock a “sell” rating in a report on Friday, May 19th. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 price target on shares of International Business Machines Corporation in a report on Friday, July 21st. Vetr raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price target for the company in a report on Monday, July 3rd. Credit Suisse Group reissued an “underperform” rating and issued a $110.00 price target (down previously from $125.00) on shares of International Business Machines Corporation in a report on Monday, July 17th. Finally, BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company’s stock. International Business Machines Corporation presently has an average rating of “Hold” and an average target price of $157.41.

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

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