British Airways Pensions Investment Management Ltd Invests $23.15 Million in International Business Machines Corporation (IBM)

British Airways Pensions Investment Management Ltd bought a new position in International Business Machines Corporation (NYSE:IBM) during the first quarter, according to its most recent filing with the SEC. The institutional investor bought 133,000 shares of the technology company’s stock, valued at approximately $23,149,000.

Other large investors have also bought and sold shares of the company. Eqis Capital Management Inc. increased its position in International Business Machines Corporation by 19.8% in the first quarter. Eqis Capital Management Inc. now owns 15,227 shares of the technology company’s stock worth $2,652,000 after buying an additional 2,518 shares during the last quarter. Tyers Asset Management LLC increased its position in International Business Machines Corporation by 54.4% in the first quarter. Tyers Asset Management LLC now owns 38,992 shares of the technology company’s stock worth $6,790,000 after buying an additional 13,744 shares during the last quarter. ING Groep NV increased its position in International Business Machines Corporation by 4,198.4% in the first quarter. ING Groep NV now owns 114,853 shares of the technology company’s stock worth $20,001,000 after buying an additional 112,181 shares during the last quarter. Parnassus Investments CA increased its position in International Business Machines Corporation by 12.4% in the first quarter. Parnassus Investments CA now owns 1,135,000 shares of the technology company’s stock worth $197,649,000 after buying an additional 125,000 shares during the last quarter. Finally, Norris Perne & French LLP MI increased its position in International Business Machines Corporation by 3.0% in the first quarter. Norris Perne & French LLP MI now owns 30,585 shares of the technology company’s stock worth $5,326,000 after buying an additional 892 shares during the last quarter. 58.57% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Corporation (IBM) traded down 0.71% during midday trading on Friday, hitting $139.70. The company’s stock had a trading volume of 4,152,714 shares. The company’s 50-day moving average is $147.30 and its 200 day moving average is $161.22. The company has a market cap of $130.19 billion, a price-to-earnings ratio of 11.59 and a beta of 0.97. International Business Machines Corporation has a one year low of $139.58 and a one year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) 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 firm had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. During the same period last year, the business posted $2.95 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts predict that International Business Machines Corporation will post $13.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Tuesday, August 8th. International Business Machines Corporation’s payout ratio is 49.88%.

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A number of analysts have commented on IBM shares. Pacific Crest started coverage on shares of International Business Machines Corporation in a research note on Thursday, May 18th. They set an “equal weight” rating and a $151.35 price target for the company. Stifel Nicolaus reiterated a “buy” rating and issued a $182.00 target price on shares of International Business Machines Corporation in a research note on Friday, July 21st. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $160.00 target price (down previously from $165.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.97 target price for the company in a research note on Monday, May 15th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $150.00 target price on shares of International Business Machines Corporation in a research note on Wednesday, August 9th. Seven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company’s stock. International Business Machines Corporation has an average rating of “Hold” and a consensus target price of $157.40.

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.

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

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