International Business Machines Co. (NYSE:IBM) Shares Sold by American Trust Investment Advisors LLC

American Trust Investment Advisors LLC lessened its stake in International Business Machines Co. (NYSE:IBMGet Rating) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,576 shares of the technology company’s stock after selling 110 shares during the quarter. International Business Machines comprises approximately 3.0% of American Trust Investment Advisors LLC’s holdings, making the stock its 6th biggest holding. American Trust Investment Advisors LLC’s holdings in International Business Machines were worth $4,741,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in International Business Machines during the 4th quarter worth approximately $1,025,028,000. State Street Corp increased its position in shares of International Business Machines by 3.3% in the 4th quarter. State Street Corp now owns 53,048,681 shares of the technology company’s stock worth $7,090,487,000 after purchasing an additional 1,687,122 shares during the last quarter. Millennium Management LLC grew its stake in International Business Machines by 115.2% in the fourth quarter. Millennium Management LLC now owns 212,230 shares of the technology company’s stock worth $28,367,000 after purchasing an additional 1,610,410 shares in the last quarter. Vanguard Group Inc. increased its holdings in International Business Machines by 1.9% in the first quarter. Vanguard Group Inc. now owns 77,002,099 shares of the technology company’s stock valued at $10,011,813,000 after buying an additional 1,448,444 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in International Business Machines by 35.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock valued at $579,892,000 after buying an additional 1,163,790 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

IBM traded up $0.88 during trading on Thursday, reaching $125.81. The stock had a trading volume of 109,182 shares, compared to its average volume of 3,539,892. The stock has a 50 day moving average of $131.13 and a two-hundred day moving average of $132.93. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 2.28. The firm has a market capitalization of $113.63 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.93 and a beta of 0.84. International Business Machines Co. has a 1-year low of $114.56 and a 1-year high of $146.00.

International Business Machines (NYSE:IBMGet Rating) last announced its earnings results on Monday, July 18th. The technology company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.02. The business had revenue of $15.54 billion during the quarter, compared to analysts’ expectations of $15.18 billion. International Business Machines had a return on equity of 43.52% and a net margin of 8.72%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $2.33 earnings per share. As a group, equities analysts anticipate that International Business Machines Co. will post 9.39 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Wednesday, August 10th were issued a dividend of $1.65 per share. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 5.25%. International Business Machines’s dividend payout ratio is currently 107.14%.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of recent research reports. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, August 31st. Morgan Stanley lowered their price objective on International Business Machines from $157.00 to $155.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. BMO Capital Markets reduced their price target on shares of International Business Machines from $152.00 to $148.00 in a report on Tuesday, July 19th. Credit Suisse Group increased their price objective on shares of International Business Machines from $156.00 to $163.00 and gave the stock an “outperform” rating in a report on Wednesday, August 17th. Finally, Societe Generale reduced their target price on shares of International Business Machines to $129.00 in a research note on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $145.18.

Insider Activity at International Business Machines

In other International Business Machines news, Director David N. Farr bought 1,000 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was acquired at an average price of $125.00 per share, with a total value of $125,000.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $125,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is owned by insiders.

International Business Machines Profile

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International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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

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