Livforsakringsbolaget Skandia Omsesidigt Has $7,478,000 Holdings in International Business Machines Corporation (IBM)

Livforsakringsbolaget Skandia Omsesidigt continued to hold its position in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,616 shares of the technology company’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in International Business Machines Corporation were worth $7,478,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Proficio Capital Partners LLC raised its stake in shares of International Business Machines Corporation by 85.1% during the 1st quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock worth $146,000 after purchasing an additional 441 shares during the period. CKW Financial Group raised its stake in shares of International Business Machines Corporation by 14.8% during the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after purchasing an additional 121 shares during the period. Grisanti Capital Management LLC raised its stake in shares of International Business Machines Corporation by 2.0% during the 1st quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after purchasing an additional 20 shares during the period. Capital Management Associates NY bought a new stake in shares of International Business Machines Corporation during the 1st quarter worth $200,000. Finally, Chicago Equity Partners LLC bought a new stake in shares of International Business Machines Corporation during the 1st quarter worth $207,000. 57.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of International Business Machines Corporation (NYSE IBM) traded down 0.49% on Friday, hitting $144.82. The stock had a trading volume of 7,397,233 shares. The firm has a 50-day moving average price of $143.19 and a 200-day moving average price of $156.45. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The stock has a market capitalization of $134.96 billion, a P/E ratio of 12.02 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last issued its 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 company had revenue of $19.29 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $2.95 EPS. Equities analysts expect that International Business Machines Corporation will post $13.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 4.14%. The ex-dividend date was Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

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A number of research firms have recently commented on IBM. Vetr cut International Business Machines Corporation from a “hold” rating to a “sell” rating and set a $150.26 target price on the stock. in a research note on Monday, June 26th. BidaskClub upgraded International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Guggenheim reiterated a “hold” rating on shares of International Business Machines Corporation in a research note on Friday, July 14th. Drexel Hamilton reiterated a “buy” rating and set a $200.00 target price on shares of International Business Machines Corporation in a research note on Tuesday, July 18th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $154.00 target price (down from $166.00) on shares of International Business Machines Corporation in a research note on Wednesday, July 19th. Seven analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the stock. International Business Machines Corporation presently has a consensus rating of “Hold” and an average target price of $157.12.

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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