Tredje AP fonden Sells 10,154 Shares of International Business Machines Corporation (IBM)

Tredje AP fonden reduced its stake in International Business Machines Corporation (NYSE:IBM) by 10.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,289 shares of the technology company’s stock after selling 10,154 shares during the period. Tredje AP fonden’s holdings in International Business Machines Corporation were worth $15,026,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IBM. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of International Business Machines Corporation during the fourth quarter worth approximately $117,000. Jackson Grant Investment Advisers Inc. raised its stake in shares of 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 stake in shares of 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 stake in shares of 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, Capital Management Associates NY bought a new stake in shares of International Business Machines Corporation during the first quarter worth approximately $200,000. 58.57% of the stock is owned by institutional investors and hedge funds.

International Business Machines Corporation (NYSE:IBM) opened at 139.70 on Friday. International Business Machines Corporation has a 52 week low of $139.58 and a 52 week high of $182.79. The company has a market cap of $130.19 billion, a P/E ratio of 11.59 and a beta of 0.97. The firm’s 50 day moving average is $147.30 and its 200-day moving average is $161.22.

International Business Machines Corporation (NYSE:IBM) last issued 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 net margin of 14.58% and a return on equity of 71.53%. The company had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter in the previous year, the firm earned $2.95 earnings per share. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. On average, analysts predict that International Business Machines Corporation will post $13.77 earnings per share for the current fiscal year.

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

ILLEGAL ACTIVITY WARNING: “Tredje AP fonden Sells 10,154 Shares of International Business Machines Corporation (IBM)” was first posted by BNB Daily and is the sole property of of BNB Daily. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/08/19/tredje-ap-fonden-has-15-03-million-stake-in-international-business-machines-corporation-ibm-updated.html.

A number of brokerages have recently weighed in on IBM. Sanford C. Bernstein restated a “neutral” rating and issued a $150.00 target price on shares of International Business Machines Corporation in a research note on Friday, May 5th. Wells Fargo & Company restated a “market perform” rating and issued a $162.50 target price on shares of International Business Machines Corporation in a research note on Tuesday, April 25th. UBS AG reiterated a “neutral” rating and issued a $167.00 price objective (down previously from $185.00) on shares of International Business Machines Corporation in a research note on Saturday, April 22nd. BidaskClub upgraded International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Cleveland Research started coverage on International Business Machines Corporation in a research note on Thursday, June 22nd. They issued a “neutral” rating on the stock. Seven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the company. International Business Machines Corporation currently has an average rating of “Hold” and an average price target 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)

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply