VNBTrust National Association continued to hold its position in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,345 shares of the technology company’s stock at the close of the second quarter. International Business Machines Corporation accounts for 0.9% of VNBTrust National Association’s investment portfolio, making the stock its 21st biggest position. VNBTrust National Association’s holdings in International Business Machines Corporation were worth $2,207,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. K.J. Harrison & Partners Inc boosted its stake in shares of International Business Machines Corporation by 0.4% during the 1st quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock worth $340,000 after purchasing an additional 7 shares during the period. Arthur M. Cohen & Associates LLC boosted its stake in shares of International Business Machines Corporation by 0.5% during the 1st quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock worth $237,000 after purchasing an additional 7 shares during the period. Financial & Investment Management Group Ltd. boosted its stake in shares of International Business Machines Corporation by 0.6% during the 1st quarter. Financial & Investment Management Group Ltd. now owns 1,958 shares of the technology company’s stock worth $341,000 after purchasing an additional 12 shares during the period. Gilbert & Cook Inc. boosted its stake in shares of International Business Machines Corporation by 0.6% during the 1st quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock worth $375,000 after purchasing an additional 12 shares during the period. Finally, BSW Wealth Partners boosted its stake in shares of International Business Machines Corporation by 0.4% during the 1st quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock worth $695,000 after purchasing an additional 14 shares during the period. 57.94% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on IBM shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price target on shares of International Business Machines Corporation in a research note on Friday, June 9th. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 price target for the company in a research note on Monday, July 10th. Drexel Hamilton reaffirmed a “buy” rating and set a $200.00 price target on shares of International Business Machines Corporation in a research note on Tuesday, July 18th. Standpoint Research raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Argus reaffirmed a “buy” rating and set a $175.00 price target (down from $192.00) on shares of International Business Machines Corporation in a research note on Friday, July 21st. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the stock. International Business Machines Corporation currently has an average rating of “Hold” and a consensus price target of $157.12.

International Business Machines Corporation (IBM) traded down 0.80% on Friday, hitting $144.37. 2,537,457 shares of the company traded hands. The firm has a market capitalization of $134.54 billion, a P/E ratio of 11.98 and a beta of 0.97. The stock’s 50-day moving average is $143.20 and its 200 day moving average is $156.70. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. During the same quarter last year, the firm posted $2.95 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts forecast that International Business Machines Corporation will post $13.76 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were paid a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.12%. International Business Machines Corporation’s dividend payout ratio is currently 49.88%.

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International Business Machines Corporation 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 Corporation (NYSE:IBM)

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