Cribstone Capital Management LLC increased its position in shares of International Business Machines Corp. (NYSE:IBM) by 190.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,451 shares of the technology company’s stock after buying an additional 6,194 shares during the period. Cribstone Capital Management LLC’s holdings in International Business Machines Corp. were worth $1,627,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. State Street Corp raised its stake in International Business Machines Corp. by 2.5% in the fourth quarter. State Street Corp now owns 51,016,969 shares of the technology company’s stock worth $8,468,300,000 after buying an additional 1,220,924 shares in the last quarter. Bank of New York Mellon Corp raised its stake in International Business Machines Corp. by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 13,846,070 shares of the technology company’s stock worth $2,199,449,000 after buying an additional 64,290 shares in the last quarter. BlackRock Fund Advisors raised its stake in International Business Machines Corp. by 2.2% in the third quarter. BlackRock Fund Advisors now owns 13,751,747 shares of the technology company’s stock worth $2,184,465,000 after buying an additional 299,978 shares in the last quarter. Norges Bank bought a new stake in International Business Machines Corp. during the fourth quarter worth about $1,366,710,000. Finally, Schroder Investment Management Group raised its stake in International Business Machines Corp. by 4.4% in the third quarter. Schroder Investment Management Group now owns 2,476,579 shares of the technology company’s stock worth $393,405,000 after buying an additional 103,424 shares in the last quarter. 58.65% of the stock is currently owned by institutional investors.

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

Shares of International Business Machines Corp. (NYSE:IBM) opened at 150.78 on Friday. The firm has a market capitalization of $141.66 billion, a PE ratio of 12.40 and a beta of 0.96. The firm’s 50-day moving average price is $162.25 and its 200-day moving average price is $167.88. International Business Machines Corp. has a 52-week low of $142.50 and a 52-week high of $182.79.

International Business Machines Corp. (NYSE:IBM) last posted its earnings results on Tuesday, April 18th. The technology company reported $2.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.35 by $0.03. The company had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.37 billion. International Business Machines Corp. had a return on equity of 78.32% and a net margin of 14.85%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.35 earnings per share. On average, equities analysts predict that International Business Machines Corp. will post $13.70 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Wednesday, May 10th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, May 8th. This is a positive change from International Business Machines Corp.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 3.98%. International Business Machines Corp.’s dividend payout ratio is 45.16%.

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IBM has been the topic of a number of analyst reports. Sanford C. Bernstein reaffirmed a “neutral” rating and issued a $150.00 price target on shares of International Business Machines Corp. in a research report on Monday. Goldman Sachs Group Inc reduced their price target on International Business Machines Corp. from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 19th. Bank of America Corp reaffirmed a “buy” rating and issued a $200.00 price target (up previously from $185.00) on shares of International Business Machines Corp. in a research report on Thursday, February 23rd. Morgan Stanley increased their price target on International Business Machines Corp. from $187.00 to $212.00 and gave the company an “overweight” rating in a research report on Thursday, March 16th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $156.00 price target on shares of International Business Machines Corp. in a research report on Friday, January 20th. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $165.82.

In related news, Director James W. Owens bought 1,718 shares of the stock in a transaction dated Tuesday, May 16th. The stock was bought at an average cost of $153.19 per share, with a total value of $263,180.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

International Business Machines Corp. Company Profile

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.

5 Day Chart for NYSE:IBM

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