Levin Capital Strategies L.P. Has $10.89 Million Holdings in International Business Machines Corporation $IBM

Levin Capital Strategies L.P. decreased its position in shares of International Business Machines Corporation (NYSE:IBM) by 19.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,593 shares of the technology company’s stock after selling 9,566 shares during the period. Levin Capital Strategies L.P.’s holdings in International Business Machines were worth $10,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of IBM. Norges Bank bought a new position in International Business Machines during the second quarter worth about $2,011,122,000. Vanguard Group Inc. raised its holdings in International Business Machines by 2.1% in the second quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock worth $28,019,274,000 after purchasing an additional 1,913,708 shares during the period. Laurel Wealth Advisors LLC boosted its position in shares of International Business Machines by 27,928.2% during the second quarter. Laurel Wealth Advisors LLC now owns 1,903,116 shares of the technology company’s stock worth $561,001,000 after purchasing an additional 1,896,326 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of International Business Machines by 45.8% in the 2nd quarter. Franklin Resources Inc. now owns 1,313,241 shares of the technology company’s stock valued at $387,118,000 after buying an additional 412,574 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of International Business Machines by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 21,936,235 shares of the technology company’s stock valued at $6,444,527,000 after buying an additional 400,131 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director David N. Farr acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was acquired at an average price of $304.00 per share, with a total value of $304,000.00. Following the purchase, the director directly owned 9,258 shares in the company, valued at approximately $2,814,432. This trade represents a 12.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company’s stock.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $260.96 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.67. The firm has a market cap of $243.92 billion, a PE ratio of 23.40, a PEG ratio of 2.59 and a beta of 0.69. The company’s 50 day moving average price is $296.22 and its two-hundred day moving average price is $284.16. International Business Machines Corporation has a 12-month low of $214.50 and a 12-month high of $324.90.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share for the quarter, topping the consensus estimate of $4.33 by $0.19. The business had revenue of $19.69 billion during the quarter, compared to analysts’ expectations of $19.23 billion. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. International Business Machines’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.92 earnings per share. Equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be issued a $1.68 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.6%. International Business Machines’s dividend payout ratio is 60.27%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley set a $304.00 target price on International Business Machines in a report on Thursday, January 29th. Royal Bank Of Canada set a $361.00 price objective on International Business Machines in a report on Thursday, January 29th. Wall Street Zen cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Oppenheimer set a $380.00 target price on shares of International Business Machines and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of International Business Machines from $312.00 to $317.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $330.07.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.