Smith Salley & Associates Maintains Stake in International Business Machines Corporation (IBM)

Smith Salley & Associates held its stake in International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,731 shares of the technology company’s stock at the close of the 2nd quarter. Smith Salley & Associates’ holdings in International Business Machines Corporation were worth $728,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp lifted its stake in shares of International Business Machines Corporation by 0.4% during the 1st quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock valued at $8,915,788,000 after buying an additional 181,993 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of International Business Machines Corporation by 5.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 4,516,351 shares of the technology company’s stock valued at $786,478,000 after buying an additional 215,180 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of International Business Machines Corporation by 1.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,719,932 shares of the technology company’s stock valued at $473,649,000 after buying an additional 34,936 shares in the last quarter. LSV Asset Management lifted its stake in shares of International Business Machines Corporation by 2.3% during the 1st quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock valued at $449,003,000 after buying an additional 59,030 shares in the last quarter. Finally, APG Asset Management N.V. lifted its stake in shares of International Business Machines Corporation by 11.6% during the 2nd quarter. APG Asset Management N.V. now owns 2,527,501 shares of the technology company’s stock valued at $388,805,000 after buying an additional 261,720 shares in the last quarter. Institutional investors own 57.94% of the company’s stock.

Shares of International Business Machines Corporation (NYSE IBM) traded up 0.839% during midday trading on Tuesday, reaching $146.075. 2,890,783 shares of the company’s stock were exchanged. The stock has a market cap of $136.13 billion, a PE ratio of 12.123 and a beta of 0.97. The stock’s 50 day moving average is $143.16 and its 200-day moving average is $157.20. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results 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 business had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter in the prior year, the firm posted $2.95 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities analysts expect that International Business Machines Corporation will post $13.77 EPS for the current year.

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

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Several analysts have issued reports on the stock. 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. 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 issued a $182.00 target price 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 issued a $160.00 target price (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 target price on the stock in a research note on Monday, May 15th. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $157.12.

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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