Trust Co. of Vermont Has $8.51 Million Position in International Business Machines Corporation (IBM)

Trust Co. of Vermont boosted its position in International Business Machines Corporation (NYSE:IBM) by 0.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 48,878 shares of the technology company’s stock after buying an additional 422 shares during the period. International Business Machines Corporation comprises about 0.9% of Trust Co. of Vermont’s holdings, making the stock its 29th largest position. Trust Co. of Vermont’s holdings in International Business Machines Corporation were worth $8,512,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Independence Advisors LLC boosted its stake in shares of International Business Machines Corporation by 0.3% in the first quarter. Independence Advisors LLC now owns 1,937 shares of the technology company’s stock worth $337,000 after buying an additional 5 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted 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 valued at $122,000 after buying an additional 6 shares during the last quarter. K.J. Harrison & Partners Inc boosted its position in International Business Machines Corporation by 0.4% in the first quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock valued at $340,000 after buying an additional 7 shares during the last quarter. Financial & Investment Management Group Ltd. boosted its position in International Business Machines Corporation by 0.6% in the first quarter. Financial & Investment Management Group Ltd. now owns 1,958 shares of the technology company’s stock valued at $341,000 after buying an additional 12 shares during the last quarter. Finally, Hays Advisory LLC boosted its position in International Business Machines Corporation by 1.1% in the first quarter. Hays Advisory LLC now owns 1,419 shares of the technology company’s stock valued at $247,000 after buying an additional 15 shares during the last quarter. Institutional investors and hedge funds own 58.73% of the company’s stock.

International Business Machines Corporation (NYSE:IBM) remained flat at $141.84 during mid-day trading on Friday. The stock had a trading volume of 3,004,210 shares. The stock has a 50 day moving average price of $149.55 and a 200 day moving average price of $162.71. International Business Machines Corporation has a 52-week low of $141.19 and a 52-week high of $182.79. The stock has a market cap of $132.19 billion, a price-to-earnings ratio of 11.77 and a beta of 0.97.

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, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $19.45 billion. During the same quarter in the previous year, the company posted $2.95 earnings per share. International Business Machines Corporation’s revenue was down 4.7% compared to the same quarter last year. Equities research analysts forecast that International Business Machines Corporation will post $13.74 EPS for the current year.

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

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Several brokerages have issued reports on IBM. UBS AG reissued a “neutral” rating and issued a $167.00 price target (down previously from $185.00) on shares of International Business Machines Corporation in a report on Saturday, April 22nd. Wedbush initiated coverage on shares of International Business Machines Corporation in a report on Thursday, August 3rd. They issued a “neutral” rating and a $155.00 target price on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $150.00 target price on shares of International Business Machines Corporation in a report on Wednesday. Vetr lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 target price on the stock. in a report on Monday. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $165.00 target price on shares of International Business Machines Corporation in a report on Wednesday, July 12th. Seven investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $157.40.

In other International Business Machines Corporation news, Director James W. Owens acquired 1,718 shares of the stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average cost of $153.19 per share, for a total transaction of $263,180.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.23% of the company’s stock.

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)

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