Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in International Business Machines Corp. (NYSE:IBM) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,022 shares of the technology company’s stock after buying an additional 3,731 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in International Business Machines Corp. were worth $24,466,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of IBM. Vanguard Group Inc. raised its position in International Business Machines Corp. by 2.2% in the second quarter. Vanguard Group Inc. now owns 55,476,336 shares of the technology company’s stock valued at $8,420,198,000 after buying an additional 1,216,940 shares during the period. BlackRock Fund Advisors raised its position in International Business Machines Corp. by 6.4% in the second quarter. BlackRock Fund Advisors now owns 13,451,769 shares of the technology company’s stock valued at $2,041,709,000 after buying an additional 806,207 shares during the period. Capital Research Global Investors raised its position in International Business Machines Corp. by 81.1% in the second quarter. Capital Research Global Investors now owns 7,135,471 shares of the technology company’s stock valued at $1,083,022,000 after buying an additional 3,194,471 shares during the period. Capital World Investors raised its position in International Business Machines Corp. by 22.3% in the second quarter. Capital World Investors now owns 5,322,000 shares of the technology company’s stock valued at $807,773,000 after buying an additional 972,000 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in International Business Machines Corp. by 9.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,073,142 shares of the technology company’s stock valued at $770,001,000 after buying an additional 419,742 shares during the period. 57.23% of the stock is currently owned by institutional investors and hedge funds.

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

International Business Machines Corp. (NYSE:IBM) traded down 0.64% on Tuesday, reaching $163.46. 889,061 shares of the company’s stock traded hands. The firm has a market capitalization of $155.43 billion, a PE ratio of 13.32 and a beta of 0.94. The firm’s 50 day moving average price is $155.81 and its 200 day moving average price is $155.94. International Business Machines Corp. has a 52-week low of $116.90 and a 52-week high of $165.00.

International Business Machines Corp. (NYSE:IBM) last posted its earnings results on Monday, October 17th. The technology company reported $3.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.24 by $0.05. The business had revenue of $19.23 billion for the quarter, compared to analysts’ expectations of $19 billion. International Business Machines Corp. had a net margin of 14.75% and a return on equity of 82.86%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.34 earnings per share. On average, analysts predict that International Business Machines Corp. will post $13.50 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Thursday, November 10th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $5.60 dividend on an annualized basis and a yield of 3.40%. International Business Machines Corp.’s payout ratio is currently 45.64%.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Daily Political and is the propert of of Daily Political. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece can be read at http://www.dailypolitical.com/2016/11/29/mitsubishi-ufj-kokusai-asset-management-co-ltd-buys-3731-shares-of-international-business-machines-corp-ibm.html.

IBM has been the subject of several recent analyst reports. Vetr upgraded International Business Machines Corp. from a “sell” rating to a “hold” rating and set a $156.55 target price for the company in a research note on Monday, August 29th. Cantor Fitzgerald restated a “hold” rating and set a $162.00 target price on shares of International Business Machines Corp. in a research note on Monday, September 12th. Bank of America Corp. set a $185.00 target price on International Business Machines Corp. and gave the company a “buy” rating in a research note on Monday, November 21st. Drexel Hamilton restated a “buy” rating and set a $186.00 target price on shares of International Business Machines Corp. in a research note on Tuesday, October 18th. Finally, Societe Generale upgraded International Business Machines Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $156.04.

In other International Business Machines Corp. news, insider Kralingen Bridget A. Van sold 2,107 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $162.44, for a total transaction of $342,261.08. Following the sale, the insider now directly owns 4,147 shares of the company’s stock, valued at $673,638.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kralingen Bridget A. Van sold 330 shares of the company’s stock in a transaction dated Thursday, October 20th. The stock was sold at an average price of $152.05, for a total transaction of $50,176.50. Following the sale, the insider now directly owns 6,977 shares in the company, valued at $1,060,852.85. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.

About International Business Machines Corp.

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

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).

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