Schwab Charles Investment Management Inc. raised its stake in shares of International Business Machines Corporation (NYSE:IBM) by 5.0% during the first quarter, Holdings Channel reports. The fund owned 4,516,351 shares of the technology company’s stock after buying an additional 215,180 shares during the period. International Business Machines Corporation accounts for about 0.8% of Schwab Charles Investment Management Inc.’s portfolio, making the stock its 20th largest position. Schwab Charles Investment Management Inc.’s holdings in International Business Machines Corporation were worth $786,478,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. acquired a new stake in International Business Machines Corporation during the fourth quarter valued at about $117,000. Jackson Grant Investment Advisers Inc. raised its position in International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock worth $122,000 after buying an additional 6 shares in the last quarter. CKW Financial Group raised its position in International Business Machines Corporation by 14.8% in the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after buying an additional 121 shares in the last quarter. Grisanti Capital Management LLC raised its position in International Business Machines Corporation by 2.0% in the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after buying an additional 20 shares in the last quarter. Finally, Pacific Center for Financial Services purchased a new position in International Business Machines Corporation during the fourth quarter worth $195,000. 58.73% of the stock is owned by institutional investors and hedge funds.

Shares of International Business Machines Corporation (IBM) traded up 0.12% during trading on Thursday, reaching $141.94. The company’s stock had a trading volume of 742,461 shares. The company has a 50-day moving average price of $149.90 and a 200-day moving average price of $162.86. International Business Machines Corporation has a one year low of $141.19 and a one year high of $182.79. The stock has a market cap of $132.28 billion, a price-to-earnings ratio of 11.78 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter in the prior year, the company earned $2.95 EPS. The business’s revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts forecast that International Business Machines Corporation will post $13.74 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Investors of record on Thursday, August 10th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is currently 49.88%.

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A number of research analysts have recently commented on the stock. Pacific Crest assumed coverage on shares of International Business Machines Corporation in a research report on Thursday, May 18th. They set an “equal weight” rating and a $151.35 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. BMO Capital Markets reduced their target price 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 report on Wednesday, April 19th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $160.00 target price (down from $165.00) on shares of International Business Machines Corporation in a research report on Saturday, July 22nd. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $150.00 target price on shares of International Business Machines Corporation in a research report on Wednesday, April 19th. Seven investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $157.40.

In related news, Director James W. Owens acquired 1,718 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average cost of $153.19 per share, for a total transaction of $263,180.42. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate 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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Institutional Ownership by Quarter for International Business Machines Corporation (NYSE:IBM)

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