International Business Machines Corporation (NYSE:IBM) Shares Bought by Searle & CO.

Searle & CO. boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 11.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,573 shares of the technology company’s stock after buying an additional 2,580 shares during the period. International Business Machines Corporation makes up approximately 3.1% of Searle & CO.’s portfolio, making the stock its 5th largest position. Searle & CO.’s holdings in International Business Machines Corporation were worth $4,453,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of International Business Machines Corporation during the fourth quarter valued at about $117,000. Jackson Grant Investment Advisers Inc. raised its position 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 valued at $122,000 after buying an additional 6 shares in the last quarter. Pacific Center for Financial Services bought a new position in shares of International Business Machines Corporation during the fourth quarter valued at about $195,000. Retirement Planning Group bought a new position in shares of International Business Machines Corporation during the first quarter valued at about $212,000. Finally, Sheets Smith Wealth Management raised its position in shares of International Business Machines Corporation by 1.7% in the first quarter. Sheets Smith Wealth Management now owns 1,269 shares of the technology company’s stock valued at $221,000 after buying an additional 21 shares in the last quarter. 58.57% of the stock is currently owned by institutional investors.

International Business Machines Corporation (NYSE:IBM) traded down 0.71% during trading on Friday, hitting $139.70. 4,152,714 shares of the stock were exchanged. The firm has a market capitalization of $130.19 billion, a price-to-earnings ratio of 11.59 and a beta of 0.97. The company has a 50-day moving average price of $147.30 and a 200 day moving average price of $161.22. International Business Machines Corporation has a 1-year low of $139.58 and a 1-year high of $182.79.

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 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 business had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. During the same period in the prior year, the company posted $2.95 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts predict that International Business Machines Corporation will post $13.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders 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 annualized dividend and a yield of 4.29%. International Business Machines Corporation’s payout ratio is 49.88%.

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IBM has been the topic of several research analyst reports. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 target price on the stock in a research note on Monday, July 31st. Zacks Investment Research lowered shares of International Business Machines Corporation from a “hold” rating to a “sell” rating in a research note on Friday, April 21st. Drexel Hamilton reissued a “buy” rating and set a $200.00 target price on shares of International Business Machines Corporation in a research note on Tuesday, July 18th. Jefferies Group LLC reaffirmed an “underperform” rating and issued a $125.00 price objective (down from $135.00) on shares of International Business Machines Corporation in a research note on Wednesday, July 12th. Finally, Sanford C. Bernstein reaffirmed a “neutral” rating and issued a $150.00 price objective on shares of International Business Machines Corporation in a research note on Friday, May 5th. Seven research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus 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)

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