Northeast Financial Consultants Inc maintained its position in shares of International Business Machines Corporation (NYSE:IBM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,509 shares of the technology company’s stock at the end of the first quarter. Northeast Financial Consultants Inc’s holdings in International Business Machines Corporation were worth $437,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tufton Capital Management boosted its stake in International Business Machines Corporation by 0.7% in the first quarter. Tufton Capital Management now owns 45,047 shares of the technology company’s stock worth $7,844,000 after buying an additional 310 shares during the last quarter. North Star Investment Management Corp. boosted its stake in International Business Machines Corporation by 2.1% in the first quarter. North Star Investment Management Corp. now owns 14,017 shares of the technology company’s stock worth $2,441,000 after buying an additional 291 shares during the last quarter. Verity & Verity LLC boosted its stake in International Business Machines Corporation by 3.8% in the first quarter. Verity & Verity LLC now owns 45,576 shares of the technology company’s stock worth $7,936,000 after buying an additional 1,657 shares during the last quarter. Beaumont Financial Partners LLC boosted its stake in International Business Machines Corporation by 15.4% in the first quarter. Beaumont Financial Partners LLC now owns 3,750 shares of the technology company’s stock worth $653,000 after buying an additional 500 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in International Business Machines Corporation by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 217,779 shares of the technology company’s stock worth $37,924,000 after buying an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 58.73% of the company’s stock.

Shares of International Business Machines Corporation (NYSE IBM) traded up 0.10% during trading on Tuesday, hitting $142.11. 3,298,388 shares of the stock were exchanged. The stock has a 50-day moving average of $150.98 and a 200 day moving average of $163.44. The stock has a market cap of $132.44 billion, a P/E ratio of 11.79 and a beta of 0.97. International Business Machines Corporation has a 12-month low of $142.00 and a 12-month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. During the same period in the previous year, the business earned $2.95 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. Equities analysts predict that International Business Machines Corporation will post $13.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

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A number of equities research analysts recently commented on IBM shares. Sanford C. Bernstein reissued a “neutral” rating and set a $150.00 target price on shares of International Business Machines Corporation in a research report on Monday, May 15th. Goldman Sachs Group, Inc. (The) decreased their price target on shares of International Business Machines Corporation from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, April 19th. Vetr raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.02 price target for the company in a report on Wednesday, June 7th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $110.00 price target (down previously from $125.00) on shares of International Business Machines Corporation in a report on Monday, July 17th. Finally, UBS AG reissued a “neutral” rating and set a $159.00 target price (down previously from $167.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Seven research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $157.40.

In related news, Director James W. Owens purchased 1,718 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were purchased at an average price of $153.19 per share, with a total value of $263,180.42. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.23% of the stock is currently owned by insiders.

About International Business Machines Corporation

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.

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

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