First Command Financial Services Inc. decreased its holdings in International Business Machines Corp. (NYSE:IBM) by 19.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,431 shares of the technology company’s stock after selling 1,339 shares during the quarter. First Command Financial Services Inc.’s holdings in International Business Machines were worth $834,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in IBM. Hikari Power Ltd boosted its stake in International Business Machines by 1.4% during the fourth quarter. Hikari Power Ltd now owns 304,500 shares of the technology company’s stock valued at $46,716,000 after buying an additional 4,300 shares in the last quarter. Sawyer & Company Inc bought a new position in International Business Machines during the fourth quarter valued at about $2,019,000. American National Bank boosted its stake in International Business Machines by 155.9% during the fourth quarter. American National Bank now owns 3,864 shares of the technology company’s stock valued at $593,000 after buying an additional 2,354 shares in the last quarter. North Star Investment Management Corp. boosted its stake in International Business Machines by 14.2% during the fourth quarter. North Star Investment Management Corp. now owns 15,237 shares of the technology company’s stock valued at $2,338,000 after buying an additional 1,897 shares in the last quarter. Finally, Trust Co boosted its stake in International Business Machines by 1.2% during the third quarter. Trust Co now owns 27,673 shares of the technology company’s stock valued at $4,015,000 after buying an additional 316 shares in the last quarter. 58.78% of the stock is owned by institutional investors.
In other news, Director Frederick H. Waddell purchased 610 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was bought at an average cost of $163.38 per share, with a total value of $99,661.80. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.23% of the stock is owned by company insiders.
Shares of International Business Machines Corp. (NYSE:IBM) opened at $155.16 on Wednesday. The stock has a market capitalization of $144,590.09, a PE ratio of 11.29, a P/E/G ratio of 2.28 and a beta of 0.94. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. International Business Machines Corp. has a one year low of $139.13 and a one year high of $182.55.
International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, topping 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 company had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. During the same period last year, the business earned $5.01 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. analysts predict that International Business Machines Corp. will post 13.82 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Friday, February 9th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 98.20%.
Several research analysts recently weighed in on the company. BMO Capital Markets reaffirmed a “hold” rating and set a $175.00 target price on shares of International Business Machines in a research note on Thursday, January 11th. They noted that the move was a valuation call. Zacks Investment Research upgraded International Business Machines from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Pivotal Research began coverage on International Business Machines in a research report on Friday, October 27th. They issued a “buy” rating and a $180.00 price target for the company. Royal Bank of Canada reiterated a “buy” rating and issued a $180.00 price target on shares of International Business Machines in a research report on Friday, January 19th. Finally, JPMorgan Chase & Co. set a $167.00 price target on International Business Machines and gave the company a “neutral” rating in a research report 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. The stock has an average rating of “Hold” and an average target price of $164.37.
WARNING: “International Business Machines Corp. (IBM) Stake Lessened by First Command Financial Services Inc.” was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.thestockobserver.com/2018/02/21/international-business-machines-corp-ibm-stake-lessened-by-first-command-financial-services-inc.html.
About International Business Machines
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).
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.