Trust Co. of Oklahoma lifted its stake in International Business Machines Corporation (NYSE:IBM) by 9.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,740 shares of the technology company’s stock after buying an additional 395 shares during the period. Trust Co. of Oklahoma’s holdings in International Business Machines Corporation were worth $729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of IBM. Horan Securities Inc. increased its stake in International Business Machines Corporation by 845.5% during the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after acquiring an additional 837 shares during the period. CKW Financial Group raised its holdings in International Business Machines Corporation by 14.8% in the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after acquiring an additional 121 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in International Business Machines Corporation by 85.1% in the 1st quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock valued at $146,000 after acquiring an additional 441 shares in the last quarter. Grisanti Capital Management LLC raised its holdings in International Business Machines Corporation by 2.0% in the 1st quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock valued at $179,000 after acquiring an additional 20 shares in the last quarter. Finally, Capital Management Associates NY acquired a new position in International Business Machines Corporation in the 1st quarter valued at $200,000. Institutional investors and hedge funds own 57.88% of the company’s stock.

International Business Machines Corporation (NYSE:IBM) traded down 0.31% during trading on Wednesday, reaching $146.33. 1,290,894 shares of the company traded hands. The firm’s 50 day moving average price is $143.92 and its 200 day moving average price is $153.27. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The firm has a market capitalization of $136.37 billion, a price-to-earnings ratio of 12.14 and a beta of 0.95. International Business Machines Corporation also was the recipient of some unusual options trading activity on Monday. Stock traders purchased 10,093 call options on the company. This represents an increase of approximately 136% compared to the typical daily volume of 4,279 call options.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.74 by $0.23. The firm had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.95 earnings per share. Equities research analysts expect that International Business Machines Corporation will post $13.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were paid a $1.50 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $6.00 annualized dividend and a dividend yield of 4.09%. International Business Machines Corporation’s payout ratio is presently 49.88%.

COPYRIGHT VIOLATION WARNING: “Trust Co. of Oklahoma Buys 395 Shares of International Business Machines Corporation (IBM)” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://www.watchlistnews.com/trust-co-of-oklahoma-buys-395-shares-of-international-business-machines-corporation-ibm/1608195.html.

A number of research analysts recently commented on IBM shares. Vetr downgraded International Business Machines Corporation from a “hold” rating to a “sell” rating and set a $150.26 price target for the company. in a research note on Monday, June 26th. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Guggenheim reiterated a “hold” rating on shares of International Business Machines Corporation in a research note on Friday, July 14th. Drexel Hamilton reiterated a “buy” rating and set a $200.00 price objective on shares of International Business Machines Corporation in a research note on Tuesday, July 18th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $154.00 target price (down from $166.00) on shares of International Business Machines Corporation in a report on Wednesday, July 19th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. International Business Machines Corporation presently has a consensus rating of “Hold” and an average target price of $157.12.

About International Business Machines Corporation

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.

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

Receive News & Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.