Afam Capital Inc. Purchases 566 Shares of International Business Machines Corp. (IBM)

Afam Capital Inc. boosted its position in International Business Machines Corp. (NYSE:IBM) by 1.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,848 shares of the technology company’s stock after buying an additional 566 shares during the quarter. Afam Capital Inc.’s holdings in International Business Machines were worth $5,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in IBM. Vanguard Group Inc. boosted its holdings in shares of International Business Machines by 3.7% in the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after acquiring an additional 2,241,818 shares during the period. Nordea Investment Management AB boosted its holdings in shares of International Business Machines by 151.2% in the second quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after acquiring an additional 1,956,033 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of International Business Machines by 1,155.3% in the second quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after acquiring an additional 1,249,916 shares during the period. BlackRock Inc. boosted its holdings in shares of International Business Machines by 2.4% in the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after acquiring an additional 1,241,441 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of International Business Machines by 9,678.2% in the third quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock worth $118,347,000 after acquiring an additional 807,553 shares during the period. 57.08% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the company. Morgan Stanley lowered International Business Machines from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $200.00 to $205.00 in a report on Tuesday, January 23rd. Cantor Fitzgerald reissued a “hold” rating and set a $152.00 price objective on shares of International Business Machines in a research note on Friday, January 19th. Royal Bank of Canada reissued a “buy” rating and set a $180.00 price objective on shares of International Business Machines in a research note on Friday, January 19th. Societe Generale set a $149.00 price objective on International Business Machines and gave the company a “sell” rating in a research note on Friday, January 19th. Finally, JPMorgan Chase & Co. set a $167.00 price objective on International Business Machines and gave the company a “neutral” rating in a research note on Friday, January 19th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $164.37.

Shares of International Business Machines Corp. (NYSE IBM) opened at $151.40 on Tuesday. International Business Machines Corp. has a 12-month low of $139.13 and a 12-month high of $182.79. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.29 and a current ratio of 1.33. The firm has a market capitalization of $140,160.00, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.17 by $0.01. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The business had revenue of $22.54 billion for the quarter, compared to the consensus estimate of $22.03 billion. During the same quarter last year, the business posted $5.01 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. equities research analysts forecast that International Business Machines Corp. will post 13.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, February 8th. This represents a $6.00 dividend on an annualized basis and a yield of 3.96%. International Business Machines’s payout ratio is 98.20%.

In other news, Director Frederick H. Waddell purchased 610 shares of the stock in a transaction on Wednesday, January 31st. The shares were acquired at an average price of $163.38 per share, for a total transaction of $99,661.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.23% of the company’s stock.

WARNING: “Afam Capital Inc. Purchases 566 Shares of International Business Machines Corp. (IBM)” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.com-unik.info/2018/02/13/afam-capital-inc-purchases-566-shares-of-international-business-machines-corp-ibm.html.

International Business Machines 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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corp. (NYSE:IBM).

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

Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit