International Business Machines Corporation (IBM) Shares Bought by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC raised its position in shares of International Business Machines Corporation (NYSE:IBM) by 47.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,117 shares of the technology company’s stock after purchasing an additional 998 shares during the period. Arete Wealth Advisors LLC’s holdings in International Business Machines were worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of International Business Machines by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after acquiring an additional 2,241,818 shares in the last quarter. BlackRock Inc. raised its position in shares of International Business Machines by 2.4% in the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after acquiring an additional 1,241,441 shares in the last quarter. State Street Corp raised its position in shares of International Business Machines by 0.4% in the 1st quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock worth $8,915,788,000 after acquiring an additional 181,993 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of International Business Machines by 3.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock worth $715,497,000 after acquiring an additional 134,862 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of International Business Machines by 2.9% in the 2nd quarter. Swiss National Bank now owns 3,534,977 shares of the technology company’s stock worth $543,786,000 after acquiring an additional 100,700 shares in the last quarter. 57.26% of the stock is owned by institutional investors and hedge funds.

International Business Machines Corporation (NYSE:IBM) opened at $154.81 on Friday. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. The firm has a market capitalization of $143,321.70, a price-to-earnings ratio of 11.33, a P/E/G ratio of 2.27 and a beta of 0.94.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same period in the previous year, the business earned $3.29 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. analysts predict that International Business Machines Corporation will post 13.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Saturday, December 9th. Shareholders of record on Friday, November 10th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $6.00 annualized dividend and a yield of 3.88%. International Business Machines’s payout ratio is presently 50.13%.

IBM has been the subject of several recent research reports. Vetr raised International Business Machines from a “hold” rating to a “buy” rating and set a $150.93 price target for the company in a research report on Thursday, August 24th. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 price target on shares of International Business Machines in a research report on Friday, October 6th. ValuEngine raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Drexel Hamilton reissued a “buy” rating and issued a $200.00 price target on shares of International Business Machines in a research report on Tuesday, October 17th. Finally, Pivotal Research initiated coverage on International Business Machines in a research report on Friday, October 27th. They issued a “buy” rating and a $180.00 price target for the company. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. International Business Machines has an average rating of “Hold” and an average price target of $159.24.

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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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