International Business Machines Corp. (IBM) Shares Sold by Liberty Capital Management Inc.

Liberty Capital Management Inc. cut its stake in shares of International Business Machines Corp. (NYSE:IBM) by 17.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,345 shares of the technology company’s stock after selling 890 shares during the quarter. Liberty Capital Management Inc.’s holdings in International Business Machines were worth $709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in IBM. Wedbush Securities Inc. lifted its position in International Business Machines by 3.0% during the second quarter. Wedbush Securities Inc. now owns 9,022 shares of the technology company’s stock valued at $1,388,000 after purchasing an additional 265 shares during the last quarter. Convergence Investment Partners LLC raised its stake in shares of International Business Machines by 3.2% during the second quarter. Convergence Investment Partners LLC now owns 16,170 shares of the technology company’s stock worth $2,488,000 after acquiring an additional 504 shares in the last quarter. Signature Financial Management Inc. raised its stake in shares of International Business Machines by 25.7% during the second quarter. Signature Financial Management Inc. now owns 4,295 shares of the technology company’s stock worth $660,000 after acquiring an additional 879 shares in the last quarter. Pinnacle Financial Partners Inc. raised its stake in shares of International Business Machines by 39.2% during the second quarter. Pinnacle Financial Partners Inc. now owns 21,640 shares of the technology company’s stock worth $3,328,000 after acquiring an additional 6,098 shares in the last quarter. Finally, Ridgewood Investments LLC raised its stake in shares of International Business Machines by 8.4% during the second quarter. Ridgewood Investments LLC now owns 5,835 shares of the technology company’s stock worth $898,000 after acquiring an additional 453 shares in the last quarter. Institutional investors and hedge funds own 58.78% of the company’s stock.

In other International Business Machines news, Director Frederick H. Waddell bought 610 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were purchased at an average price of $163.38 per share, for a total transaction of $99,661.80. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.23% of the stock is currently owned by insiders.

Several research analysts have commented on IBM shares. Vetr raised shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 price target on the stock in a research note on Wednesday, November 15th. Zacks Investment Research downgraded shares of International Business Machines from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Societe Generale set a $149.00 price target on shares of International Business Machines and gave the stock a “sell” rating in a research note on Friday, January 19th. Cantor Fitzgerald reissued a “hold” rating and set a $152.00 price target on shares of International Business Machines in a research note on Friday, January 19th. Finally, Morgan Stanley lifted their price target on shares of International Business Machines to $198.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $164.37.

International Business Machines Corp. (IBM) opened at $153.18 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 2.25. The stock has a market cap of $142,534.86, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. International Business Machines Corp. has a 1 year low of $139.13 and a 1 year high of $182.55.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.17 by $0.01. The business had revenue of $22.54 billion for the quarter, compared to the consensus estimate of $22.03 billion. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.01 EPS. equities research analysts predict that International Business Machines Corp. will post 13.83 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, February 8th. International Business Machines’s payout ratio is currently 98.20%.

ILLEGAL ACTIVITY WARNING: “International Business Machines Corp. (IBM) Shares Sold by Liberty Capital Management Inc.” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://ledgergazette.com/2018/02/23/international-business-machines-corp-ibm-shares-sold-by-liberty-capital-management-inc.html.

About International Business Machines

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corp. (NYSE:IBM).

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

Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply