SFE Investment Counsel continued to hold its stake in shares of International Business Machines Corp. (NYSE:IBM) during the first quarter, according to its most recent filing with the SEC. The fund owned 2,651 shares of the technology company’s stock at the end of the first quarter. SFE Investment Counsel’s holdings in International Business Machines Corp. were worth $462,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CKW Financial Group boosted its stake in shares of International Business Machines Corp. by 0.4% in the third quarter. CKW Financial Group now owns 815 shares of the technology company’s stock valued at $129,000 after buying an additional 3 shares during the period. PBWM Holdings LLC boosted its stake in shares of International Business Machines Corp. by 10.4% in the third quarter. PBWM Holdings LLC now owns 2,552 shares of the technology company’s stock valued at $405,000 after buying an additional 241 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of International Business Machines Corp. by 1.1% in the third quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,704 shares of the technology company’s stock valued at $1,065,000 after buying an additional 70 shares during the period. United States Steel & Carnegie Pension Fund purchased a new stake in shares of International Business Machines Corp. during the third quarter valued at about $47,231,000. Finally, Spinnaker Trust boosted its stake in shares of International Business Machines Corp. by 2.6% in the third quarter. Spinnaker Trust now owns 16,872 shares of the technology company’s stock valued at $2,555,000 after buying an additional 424 shares during the period. 58.65% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of International Business Machines Corp. (NYSE:IBM) opened at 152.49 on Friday. International Business Machines Corp. has a 1-year low of $142.50 and a 1-year high of $182.79. The stock has a market capitalization of $143.26 billion, a PE ratio of 12.54 and a beta of 0.96. The firm has a 50-day moving average price of $158.99 and a 200-day moving average price of $167.77.

International Business Machines Corp. (NYSE:IBM) last released its quarterly earnings data on Tuesday, April 18th. The technology company reported $2.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.35 by $0.03. The business had revenue of $18.16 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.35 EPS. On average, equities research analysts forecast that International Business Machines Corp. will post $13.70 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Wednesday, May 10th will be given a dividend of $1.50 per share. This is a boost from International Business Machines Corp.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Monday, May 8th. International Business Machines Corp.’s dividend payout ratio is currently 45.16%.

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Several analysts recently weighed in on IBM shares. Bank of America Corp upgraded International Business Machines Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, January 31st. Vetr lowered International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $174.22 price target on the stock. in a report on Tuesday, February 28th. Jefferies Group LLC set a $135.00 price target on International Business Machines Corp. and gave the company a “sell” rating in a report on Friday, May 19th. Drexel Hamilton restated a “buy” rating and set a $200.00 price target (down previously from $215.00) on shares of International Business Machines Corp. in a report on Saturday, April 22nd. Finally, Argus restated a “buy” rating and set a $192.00 price target (up previously from $185.00) on shares of International Business Machines Corp. in a report on Wednesday, March 22nd. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $164.54.

In other International Business Machines Corp. news, Director James W. Owens acquired 1,718 shares of the stock in a transaction dated Tuesday, May 16th. The stock was acquired at an average cost of $153.19 per share, with a total value of $263,180.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.08% of the company’s stock.

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.

12 Month Chart for NYSE:IBM

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