Northwestern Mutual Wealth Management Co. raised its stake in shares of International Business Machines Corp. (NYSE:IBM) by 5.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 49,870 shares of the technology company’s stock after buying an additional 2,575 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in International Business Machines Corp. were worth $7,570,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. boosted its position in shares of International Business Machines Corp. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 726 shares of the technology company’s stock valued at $110,000 after buying an additional 5 shares during the last quarter. Round Table Services LLC boosted its position in shares of International Business Machines Corp. by 0.4% in the second quarter. Round Table Services LLC now owns 1,620 shares of the technology company’s stock valued at $246,000 after buying an additional 6 shares during the last quarter. Nadler Financial Group Inc. boosted its position in shares of International Business Machines Corp. by 0.4% in the second quarter. Nadler Financial Group Inc. now owns 2,243 shares of the technology company’s stock valued at $340,000 after buying an additional 8 shares during the last quarter. Financial & Investment Management Group Ltd. boosted its position in shares of International Business Machines Corp. by 0.7% in the second quarter. Financial & Investment Management Group Ltd. now owns 1,921 shares of the technology company’s stock valued at $292,000 after buying an additional 14 shares during the last quarter. Finally, Rench Wealth Management Inc. boosted its position in shares of International Business Machines Corp. by 1.0% in the second quarter. Rench Wealth Management Inc. now owns 1,436 shares of the technology company’s stock valued at $218,000 after buying an additional 14 shares during the last quarter. 58.19% of the stock is currently owned by institutional investors.

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

International Business Machines Corp. (NYSE:IBM) traded up 0.37% on Friday, hitting $160.39. The stock had a trading volume of 2,981,633 shares. International Business Machines Corp. has a 52-week low of $116.90 and a 52-week high of $165.00. The company has a market cap of $152.51 billion, a P/E ratio of 13.07 and a beta of 0.94. The firm’s 50-day moving average is $154.62 and its 200-day moving average is $154.77.

International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings data on Monday, October 17th. The technology company reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.05. The company earned $19.23 billion during the quarter, compared to analyst estimates of $19 billion. International Business Machines Corp. had a return on equity of 82.86% and a net margin of 14.75%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.34 earnings per share. Equities research analysts anticipate that International Business Machines Corp. will post $13.50 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Thursday, November 10th will be given a $1.40 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $5.60 annualized dividend and a yield of 3.49%. International Business Machines Corp.’s payout ratio is 45.64%.

Several research analysts have issued reports on IBM shares. Vetr raised International Business Machines Corp. from a “sell” rating to a “hold” rating and set a $156.55 target price on the stock in a research report on Monday, August 29th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $162.00 price objective on shares of International Business Machines Corp. in a research note on Monday, September 12th. Drexel Hamilton reaffirmed a “buy” rating and issued a $186.00 price objective on shares of International Business Machines Corp. in a research note on Tuesday, October 18th. Societe Generale raised International Business Machines Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. Finally, Morgan Stanley decreased their price objective on International Business Machines Corp. from $182.00 to $179.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 18th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company. International Business Machines Corp. has a consensus rating of “Hold” and a consensus target price of $156.04.

In other International Business Machines Corp. news, Director David N. Farr acquired 1,300 shares of the stock in a transaction that occurred on Tuesday, October 25th. The stock was bought at an average cost of $149.93 per share, for a total transaction of $194,909.00. Following the completion of the transaction, the director now owns 3,758 shares of the company’s stock, valued at approximately $563,436.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Erich Clementi sold 2,984 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $159.00, for a total value of $474,456.00. Following the transaction, the insider now 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 owned by corporate 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.