Wellington Shields & Co. LLC boosted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,440 shares of the technology company’s stock after buying an additional 300 shares during the period. International Business Machines Corporation makes up about 1.5% of Wellington Shields & Co. LLC’s holdings, making the stock its 6th largest position. Wellington Shields & Co. LLC’s holdings in International Business Machines Corporation were worth $5,127,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IBM. New England Research & Management Inc. increased its stake in shares of International Business Machines Corporation by 10.2% in the first quarter. New England Research & Management Inc. now owns 6,053 shares of the technology company’s stock valued at $1,054,000 after buying an additional 559 shares in the last quarter. Weaver C. Barksdale & Associates Inc. increased its stake in shares of International Business Machines Corporation by 32.3% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 7,737 shares of the technology company’s stock valued at $1,347,000 after buying an additional 1,890 shares in the last quarter. Nadler Financial Group Inc. increased its stake in shares of International Business Machines Corporation by 14.1% in the first quarter. Nadler Financial Group Inc. now owns 2,595 shares of the technology company’s stock valued at $452,000 after buying an additional 320 shares in the last quarter. S&CO Inc. increased its stake in shares of International Business Machines Corporation by 0.3% in the first quarter. S&CO Inc. now owns 16,911 shares of the technology company’s stock valued at $2,945,000 after buying an additional 55 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC increased its stake in shares of International Business Machines Corporation by 0.3% in the first quarter. Douglass Winthrop Advisors LLC now owns 73,836 shares of the technology company’s stock valued at $12,858,000 after buying an additional 210 shares in the last quarter. 58.57% of the stock is owned by institutional investors and hedge funds.

Shares of International Business Machines Corporation (NYSE:IBM) traded up 0.56% during midday trading on Friday, hitting $143.74. The stock had a trading volume of 2,872,893 shares. The firm has a 50-day moving average of $145.84 and a 200 day moving average of $160.04. The firm has a market cap of $133.96 billion, a PE ratio of 11.93 and a beta of 0.97. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.23. The business had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.95 earnings per share. On average, analysts expect that International Business Machines Corporation will post $13.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Investors of record on Thursday, August 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is currently 49.88%.

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Several brokerages recently weighed in on IBM. Pacific Crest began coverage on International Business Machines Corporation in a report on Thursday, May 18th. They set an “equal weight” rating and a $151.35 price target for the company. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price target on shares of International Business Machines Corporation in a report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $160.00 price target (down from $165.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Finally, Vetr raised International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.97 price target for the company in a report on Monday, May 15th. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $157.41.

International Business Machines Corporation 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.

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

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