International Business Machines Corporation (IBM) Shares Sold by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co reduced its position in International Business Machines Corporation (NYSE:IBM) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,135 shares of the technology company’s stock after selling 200 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in International Business Machines were worth $2,174,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Harbour Capital Advisors LLC increased its stake in International Business Machines by 14,730.9% during the second quarter. Harbour Capital Advisors LLC now owns 483,488 shares of the technology company’s stock worth $3,143,000 after acquiring an additional 480,228 shares during the last quarter. Bank of Nova Scotia increased its stake in International Business Machines by 668.8% during the first quarter. Bank of Nova Scotia now owns 492,007 shares of the technology company’s stock worth $85,677,000 after acquiring an additional 428,011 shares during the last quarter. AQR Capital Management LLC increased its stake in International Business Machines by 31.9% during the first quarter. AQR Capital Management LLC now owns 1,531,243 shares of the technology company’s stock worth $266,651,000 after acquiring an additional 370,700 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in International Business Machines by 116.6% during the second quarter. Canada Pension Plan Investment Board now owns 500,341 shares of the technology company’s stock worth $76,967,000 after acquiring an additional 269,379 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in International Business Machines by 70.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock worth $112,830,000 after acquiring an additional 267,588 shares during the last quarter. Institutional investors own 58.43% of the company’s stock.

IBM has been the topic of several analyst reports. UBS AG reissued a “neutral” rating and set a $160.00 price objective (up from $152.00) on shares of International Business Machines in a research note on Wednesday, October 18th. Jefferies Group LLC reissued a “sell” rating and set a $125.00 price objective on shares of International Business Machines in a research note on Thursday, September 21st. Cantor Fitzgerald reissued a “hold” rating and set a $154.00 price objective on shares of International Business Machines in a research note on Friday, October 13th. Wedbush reissued a “neutral” rating and set a $155.00 price objective on shares of International Business Machines in a research note on Wednesday, August 9th. Finally, ValuEngine cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Eight investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $159.12.

Shares of International Business Machines Corporation (IBM) traded up $0.19 during trading hours on Monday, reaching $152.03. The company had a trading volume of 526,512 shares, compared to its average volume of 4,244,399. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The company has a market capitalization of $140,572.11, a PE ratio of 11.12, a P/E/G ratio of 2.22 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.02. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The company had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. During the same quarter in the prior year, the firm earned $3.29 earnings per share. International Business Machines’s revenue was down .4% compared to the same quarter last year. sell-side analysts anticipate that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $6.00 annualized dividend and a yield of 3.95%. International Business Machines’s dividend payout ratio (DPR) is currently 50.13%.

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International Business Machines 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 (NYSE:IBM)

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