PGGM Investments raised its stake in International Business Machines Corporation (NYSE:IBM) by 3.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,649,868 shares of the technology company’s stock after purchasing an additional 55,543 shares during the period. International Business Machines accounts for approximately 1.2% of PGGM Investments’ holdings, making the stock its 15th biggest holding. PGGM Investments owned 0.18% of International Business Machines worth $239,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. DekaBank Deutsche Girozentrale grew its position in shares of International Business Machines by 70.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock valued at $112,830,000 after buying an additional 267,588 shares during the last quarter. Grisanti Capital Management LLC grew its position in shares of International Business Machines by 2.0% during the 1st quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock valued at $179,000 after buying an additional 20 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of International Business Machines by 5.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 53,060 shares of the technology company’s stock valued at $9,240,000 after buying an additional 2,970 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of International Business Machines by 89.1% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 27,443 shares of the technology company’s stock valued at $4,779,000 after buying an additional 12,928 shares during the last quarter. Finally, Checchi Capital Advisers LLC grew its position in shares of International Business Machines by 7.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 13,052 shares of the technology company’s stock valued at $2,273,000 after buying an additional 954 shares during the last quarter. 57.26% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “hold” rating on shares of International Business Machines in a research report on Friday, October 13th. BidaskClub raised shares of International Business Machines from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $192.00 price objective on shares of International Business Machines in a research report on Wednesday, August 23rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $170.00 price objective (up previously from $167.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Finally, Citigroup boosted their price objective on shares of International Business Machines from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, October 18th. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the stock. International Business Machines presently has an average rating of “Hold” and a consensus price target of $159.24.

Shares of International Business Machines Corporation (NYSE IBM) opened at $152.50 on Monday. The firm has a market cap of $141,183.13, a P/E ratio of 11.16, a PEG ratio of 2.23 and a beta of 0.94. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. The company had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.29 EPS. research analysts anticipate that International Business Machines Corporation will post 13.8 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Saturday, December 9th. Stockholders of record on Friday, November 10th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Thursday, November 9th. International Business Machines’s dividend payout ratio is currently 50.13%.

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International Business Machines 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.

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

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