Fiduciary Trust Co. Has $21 Million Position in International Business Machines Corporation (IBM)

Fiduciary Trust Co. trimmed its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,583 shares of the technology company’s stock after selling 1,772 shares during the period. Fiduciary Trust Co.’s holdings in International Business Machines Corporation were worth $20,998,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of IBM. CKW Financial Group grew its holdings in International Business Machines Corporation by 14.8% during the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after purchasing an additional 121 shares during the last quarter. Grisanti Capital Management LLC grew its holdings in International Business Machines Corporation by 2.0% during the 1st quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock valued at $179,000 after purchasing an additional 20 shares during the last quarter. Capital Management Associates NY bought a new position in International Business Machines Corporation during the 1st quarter valued at about $200,000. Chicago Equity Partners LLC bought a new position in International Business Machines Corporation during the 1st quarter valued at about $207,000. Finally, Retirement Planning Group bought a new position in International Business Machines Corporation during the 1st quarter valued at about $212,000. Institutional investors own 57.94% of the company’s stock.

Several brokerages recently commented on IBM. Wedbush reiterated a “neutral” rating and set a $155.00 price target on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Royal Bank Of Canada restated a “sector perform” rating and issued a $160.00 target price on shares of International Business Machines Corporation in a research note on Friday, August 18th. Sanford C. Bernstein restated a “market perform” rating and issued a $150.00 target price on shares of International Business Machines Corporation in a research note on Wednesday, August 9th. Vetr downgraded shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 target price on the stock. in a research note on Monday, August 7th. Finally, UBS AG restated a “hold” rating and issued a $152.00 target price on shares of International Business Machines Corporation in a research note on Tuesday, September 5th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $157.12.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Markets Daily and is owned by of Markets Daily. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.themarketsdaily.com/2017/09/11/fiduciary-trust-co-has-21-million-position-in-international-business-machines-corporation-ibm.html.

Shares of International Business Machines Corporation (NYSE:IBM) traded up 1.76% during trading on Monday, reaching $144.95. 1,999,534 shares of the company’s stock were exchanged. The stock has a market capitalization of $135.08 billion, a price-to-earnings ratio of 12.03 and a beta of 0.97. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The stock has a 50 day moving average price of $143.16 and a 200-day moving average price of $157.38.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share (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 company had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter last year, the company earned $2.95 earnings per share. International Business Machines Corporation’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts predict that International Business Machines Corporation will post $13.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Tuesday, August 8th. International Business Machines Corporation’s payout ratio is currently 49.88%.

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)

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.

Latest News

Leave a Reply