Shelter Mutual Insurance Co maintained its stake in shares of International Business Machines Corp. (NYSE:IBM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,300 shares of the technology company’s stock at the end of the second quarter. International Business Machines Corp. accounts for approximately 3.3% of Shelter Mutual Insurance Co’s portfolio, making the stock its 10th largest position. Shelter Mutual Insurance Co’s holdings in International Business Machines Corp. were worth $10,974,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the company. HL Financial Services LLC boosted its stake in shares of International Business Machines Corp. by 1.1% in the second quarter. HL Financial Services LLC now owns 406,336 shares of the technology company’s stock worth $61,674,000 after buying an additional 4,564 shares in the last quarter. CIBC World Markets Inc. boosted its stake in shares of International Business Machines Corp. by 4.4% in the second quarter. CIBC World Markets Inc. now owns 82,236 shares of the technology company’s stock worth $12,482,000 after buying an additional 3,481 shares in the last quarter. Country Club Trust Company n.a. boosted its stake in shares of International Business Machines Corp. by 5.3% in the second quarter. Country Club Trust Company n.a. now owns 102,339 shares of the technology company’s stock worth $15,533,000 after buying an additional 5,182 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of International Business Machines Corp. by 8.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 71,658 shares of the technology company’s stock worth $10,877,000 after buying an additional 5,843 shares in the last quarter. Finally, Thomaspartners Inc. boosted its stake in shares of International Business Machines Corp. by 66.6% in the first quarter. Thomaspartners Inc. now owns 1,277,266 shares of the technology company’s stock worth $193,442,000 after buying an additional 510,586 shares in the last quarter. 57.63% of the stock is owned by institutional investors.

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

International Business Machines Corp. (NYSE:IBM) traded up 0.21% during mid-day trading on Monday, hitting $154.77. The stock had a trading volume of 5,890,421 shares. The company has a market cap of $147.94 billion, a price-to-earnings ratio of 12.59 and a beta of 0.88. International Business Machines Corp. has a one year low of $116.90 and a one year high of $165.00. The company has a 50 day moving average price of $156.75 and a 200-day moving average price of $154.35.

International Business Machines Corp. (NYSE:IBM) last released its earnings results on Monday, October 17th. The technology company reported $3.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.24 by $0.05. The firm earned $19.23 billion during the quarter, compared to analysts’ expectations of $19 billion. International Business Machines Corp. had a net margin of 14.86% and a return on equity of 88.92%. International Business Machines Corp.’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the company earned $3.34 EPS. Equities analysts expect that International Business Machines Corp. will post $13.51 earnings per share for the current fiscal year.

IBM has been the subject of several analyst reports. Drexel Hamilton reissued a “buy” rating and issued a $166.00 price objective on shares of International Business Machines Corp. in a report on Friday, July 15th. JMP Securities reissued a “buy” rating and issued a $157.00 price objective on shares of International Business Machines Corp. in a report on Thursday, June 23rd. Vetr raised International Business Machines Corp. from a “hold” rating to a “buy” rating and set a $153.81 price objective for the company in a report on Monday, June 27th. Morgan Stanley reissued a “buy” rating and issued a $168.00 price objective on shares of International Business Machines Corp. in a report on Sunday, July 17th. Finally, Zacks Investment Research raised International Business Machines Corp. from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a report on Monday, July 18th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company’s stock. International Business Machines Corp. currently has a consensus rating of “Hold” and a consensus target price of $154.47.

In other International Business Machines Corp. news, insider Robert J. Picciano sold 1,922 shares of International Business Machines Corp. stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $159.16, for a total value of $305,905.52. Following the completion of the sale, the insider now directly owns 35,861 shares of the company’s stock, valued at approximately $5,707,636.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Erich Clementi sold 2,984 shares of International Business Machines Corp. stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $159.00, for a total transaction of $474,456.00. Following the completion of the sale, the insider now directly owns 22,531 shares of the company’s stock, valued at $3,582,429. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by company insiders.

About International Business Machines Corp.

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

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