Wheatland Advisors Inc. maintained its stake in shares of International Business Machines Corporation (NYSE:IBM) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,040 shares of the technology company’s stock at the close of the second quarter. Wheatland Advisors Inc.’s holdings in International Business Machines Corporation were worth $929,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Waldron LP raised its stake in shares of International Business Machines Corporation by 98.2% during the 1st quarter. Waldron LP now owns 4,141 shares of the technology company’s stock worth $715,000 after purchasing an additional 2,052 shares during the period. Duncker Streett & Co. Inc. raised its stake in shares of International Business Machines Corporation by 6.4% during the 1st quarter. Duncker Streett & Co. Inc. now owns 20,892 shares of the technology company’s stock worth $3,638,000 after purchasing an additional 1,265 shares during the period. Adviser Investments LLC raised its stake in shares of International Business Machines Corporation by 288.5% during the 1st quarter. Adviser Investments LLC now owns 12,889 shares of the technology company’s stock worth $2,244,000 after purchasing an additional 9,571 shares during the period. Baystate Wealth Management LLC raised its stake in shares of International Business Machines Corporation by 3.0% during the 1st quarter. Baystate Wealth Management LLC now owns 7,374 shares of the technology company’s stock worth $1,258,000 after purchasing an additional 212 shares during the period. Finally, Sawgrass Asset Management LLC raised its stake in shares of International Business Machines Corporation by 8.5% during the 1st quarter. Sawgrass Asset Management LLC now owns 12,318 shares of the technology company’s stock worth $2,145,000 after purchasing an additional 965 shares during the period. Institutional investors and hedge funds own 57.84% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Wheatland Advisors Inc. Has $929,000 Holdings in International Business Machines Corporation (IBM)” was posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/10/22/wheatland-advisors-inc-has-929000-holdings-in-international-business-machines-corporation-ibm.html.

International Business Machines Corporation (NYSE IBM) opened at 162.07 on Friday. The stock has a market cap of $150.63 billion, a price-to-earnings ratio of 13.52 and a beta of 0.95. The stock’s 50 day moving average price is $146.97 and its 200 day moving average price is $151.34. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last released its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The firm had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. During the same quarter last year, the business posted $3.29 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. Equities analysts predict that International Business Machines Corporation will post $13.81 earnings per share for the current fiscal year.

IBM has been the topic of a number of recent analyst reports. Vetr upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 target price on the stock in a research note on Monday, July 10th. Drexel Hamilton reiterated a “buy” rating and set a $200.00 target price on shares of International Business Machines Corporation in a research note on Tuesday, July 18th. Standpoint Research upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Stifel Nicolaus reiterated a “buy” rating and set a $182.00 target price on shares of International Business Machines Corporation in a research note on Friday, July 21st. Finally, Argus reiterated a “buy” rating and set a $175.00 target price (down from $192.00) on shares of International Business Machines Corporation in a research note on Friday, July 21st. Eight analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company. International Business Machines Corporation currently has a consensus rating of “Hold” and an average price target of $157.90.

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.

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 Corporation (NYSE:IBM).

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

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