Saturna Capital CORP Has $383,000 Stake in International Business Machines Corporation (IBM)

Saturna Capital CORP maintained its stake in shares of International Business Machines Corporation (NYSE:IBM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,200 shares of the technology company’s stock at the end of the 1st quarter. Saturna Capital CORP’s holdings in International Business Machines Corporation were worth $383,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. CKW Financial Group raised its stake in International Business Machines Corporation by 14.8% during the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after acquiring an additional 121 shares in the last quarter. Grisanti Capital Management LLC raised its stake in International Business Machines Corporation by 2.0% during the 1st quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after acquiring an additional 20 shares in the last quarter. Capital Management Associates NY acquired a new stake in International Business Machines Corporation during the 1st quarter worth $200,000. Chicago Equity Partners LLC acquired a new stake in International Business Machines Corporation during the 1st quarter worth $207,000. Finally, Retirement Planning Group acquired a new stake in International Business Machines Corporation during the 1st quarter worth $212,000. Hedge funds and other institutional investors own 57.94% of the company’s stock.

Several equities research analysts recently commented on the stock. Pacific Crest assumed coverage on shares of International Business Machines Corporation in a research note on Thursday, May 18th. They set an “equal weight” rating and a $151.35 price target on the stock. BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Stifel Nicolaus reiterated a “buy” rating and set a $182.00 price target on shares of International Business Machines Corporation in a research note on Friday, July 21st. Royal Bank Of Canada reiterated a “sector perform” rating and set a $160.00 price target (down from $165.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Finally, Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.97 price target on the stock in a research note on Monday, May 15th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $157.12.

Shares of International Business Machines Corporation (NYSE:IBM) traded up 0.95% during trading on Tuesday, reaching $146.23. 2,538,437 shares of the company’s stock were exchanged. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The firm has a market capitalization of $136.28 billion, a PE ratio of 12.14 and a beta of 0.97. The company’s 50-day moving average price is $143.16 and its 200 day moving average price is $157.20.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $19.45 billion. During the same quarter last year, the firm posted $2.95 EPS. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts predict that International Business Machines Corporation will post $13.77 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $6.00 annualized dividend and a dividend yield of 4.14%. International Business Machines Corporation’s dividend payout ratio (DPR) is 49.88%.

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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.

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

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