International Business Machines Corporation (IBM) Stake Increased by Trust Co. of Vermont

Trust Co. of Vermont raised its position in shares of International Business Machines Corporation (NYSE:IBM) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 approximately 0.9% of Trust Co. of Vermont’s investment portfolio, making the stock its 29th largest position. Trust Co. of Vermont’s holdings in International Business Machines Corporation were worth $8,512,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Drexel Morgan & Co. increased its stake in International Business Machines Corporation by 2.3% in the fourth quarter. Drexel Morgan & Co. now owns 9,247 shares of the technology company’s stock worth $1,535,000 after buying an additional 212 shares in the last quarter. Bienville Capital Management LLC bought a new position in shares of International Business Machines Corporation during the fourth quarter valued at about $221,000. Sather Financial Group Inc boosted its position in shares of International Business Machines Corporation by 0.3% in the fourth quarter. Sather Financial Group Inc now owns 49,563 shares of the technology company’s stock valued at $8,227,000 after buying an additional 125 shares in the last quarter. GLG LLC raised its stake in International Business Machines Corporation by 29.8% in the fourth quarter. GLG LLC now owns 60,144 shares of the technology company’s stock valued at $9,983,000 after buying an additional 13,824 shares during the last quarter. Finally, Hilltop Holdings Inc. raised its stake in International Business Machines Corporation by 11.1% in the fourth quarter. Hilltop Holdings Inc. now owns 3,203 shares of the technology company’s stock valued at $532,000 after buying an additional 319 shares during the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.

International Business Machines Corporation (NYSE IBM) traded down 0.71% on Friday, reaching $139.70. 4,152,714 shares of the company’s stock were exchanged. 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. The company has a market capitalization of $130.19 billion, a PE ratio of 11.59 and a beta of 0.97.

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 for the quarter, beating the Zacks’ consensus estimate of $2.74 by $0.23. The business had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.95 EPS. On average, equities research analysts anticipate that International Business Machines Corporation will post $13.77 earnings per share 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 issued a $1.50 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $6.00 annualized dividend and a dividend yield of 4.29%. International Business Machines Corporation’s dividend payout ratio (DPR) is 49.88%.

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Several brokerages have recently issued reports on IBM. Pacific Crest assumed coverage on shares of International Business Machines Corporation in a research note on Thursday, May 18th. They issued an “equal weight” rating and a $151.35 target price on the stock. Stifel Nicolaus restated a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a research report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $160.00 target price (down from $165.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Vetr raised 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 report on Monday, May 15th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 price objective on shares of International Business Machines Corporation in a research note on Wednesday, August 9th. Seven equities 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 a consensus rating of “Hold” and an average 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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