International Business Machines Corporation (IBM) Position Lowered by ProShare Advisors LLC

ProShare Advisors LLC decreased its position in shares of International Business Machines Corporation (NYSE:IBM) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 212,784 shares of the technology company’s stock after selling 8,314 shares during the period. ProShare Advisors LLC’s holdings in International Business Machines Corporation were worth $37,054,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Massey Quick & Co. LLC purchased a new stake in International Business Machines Corporation during the fourth quarter worth $108,000. Hemenway Trust Co LLC purchased a new stake in International Business Machines Corporation during the fourth quarter worth $110,000. Thomas J. Herzfeld Advisors Inc. purchased a new stake in International Business Machines Corporation during the fourth quarter worth $117,000. Capital Analysts LLC increased its stake in International Business Machines Corporation by 5.5% in the fourth quarter. Capital Analysts LLC now owns 726 shares of the technology company’s stock worth $121,000 after buying an additional 38 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. increased its stake in International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock worth $122,000 after buying an additional 6 shares during the last quarter. Institutional investors and hedge funds own 58.29% of the company’s stock.

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

International Business Machines Corporation (IBM) opened at 154.84 on Tuesday. The stock’s 50 day moving average is $153.39 and its 200 day moving average is $167.16. The stock has a market capitalization of $145.47 billion, a price-to-earnings ratio of 12.73 and a beta of 0.97. International Business Machines Corporation has a 12-month low of $142.50 and a 12-month high of $182.79.

International Business Machines Corporation (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, beating the Zacks’ consensus estimate of $2.35 by $0.03. International Business Machines Corporation had a net margin of 14.62% and a return on equity of 74.46%. The firm had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.37 billion. During the same period last year, the firm earned $2.35 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts predict that International Business Machines Corporation will post $13.70 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 10th. Stockholders of record on Wednesday, May 10th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, May 8th. This is an increase from International Business Machines Corporation’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.87%. International Business Machines Corporation’s dividend payout ratio (DPR) is currently 49.34%.

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A number of research analysts have recently issued reports on IBM shares. Vetr raised International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price objective on the stock in a research note on Monday. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Cowen and Company reaffirmed an “underperform” rating and set a $125.00 price objective on shares of International Business Machines Corporation in a research note on Wednesday, March 8th. Barclays PLC reaffirmed an “underweight” rating and set a $141.00 price objective (down from $144.00) on shares of International Business Machines Corporation in a research note on Saturday, April 22nd. Finally, Sanford C. Bernstein raised their price objective on International Business Machines Corporation to $150.00 in a research note on Monday, March 6th. Eight research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $164.85.

In other International Business Machines Corporation news, Director James W. Owens acquired 1,718 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were purchased at an average cost of $153.19 per share, for a total transaction of $263,180.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by company insiders.

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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