International Business Machines Corporation (NYSE:IBM) Stake Boosted by Columbia Asset Management

Columbia Asset Management increased its stake in International Business Machines Corporation (NYSE:IBM) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,880 shares of the technology company’s stock after purchasing an additional 205 shares during the quarter. International Business Machines Corporation comprises about 1.6% of Columbia Asset Management’s portfolio, making the stock its 18th biggest holding. Columbia Asset Management’s holdings in International Business Machines Corporation were worth $4,680,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. K.J. Harrison & Partners Inc increased its holdings in shares of International Business Machines Corporation by 0.4% in the 1st quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock valued at $340,000 after purchasing an additional 7 shares during the period. Arthur M. Cohen & Associates LLC increased its holdings in International Business Machines Corporation by 0.5% in the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock worth $237,000 after buying an additional 7 shares during the last quarter. Financial & Investment Management Group Ltd. increased its holdings in International Business Machines Corporation by 0.6% in the first quarter. Financial & Investment Management Group Ltd. now owns 1,958 shares of the technology company’s stock worth $341,000 after buying an additional 12 shares during the last quarter. Hays Advisory LLC increased its holdings in International Business Machines Corporation by 1.1% in the first quarter. Hays Advisory LLC now owns 1,419 shares of the technology company’s stock worth $247,000 after buying an additional 15 shares during the last quarter. Finally, Gilman Hill Asset Management LLC increased its holdings in International Business Machines Corporation by 0.4% in the first quarter. Gilman Hill Asset Management LLC now owns 3,767 shares of the technology company’s stock worth $656,000 after buying an additional 15 shares during the last quarter. 57.94% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This article was first reported by BBNS and is owned by of BBNS. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The original version of this article can be viewed at https://baseballnewssource.com/markets/columbia-asset-management-grows-holdings-in-international-business-machines-corporation-ibm/1603533.html.

A number of equities analysts recently commented on the company. Wedbush restated a “neutral” rating and issued a $155.00 price objective on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $160.00 price objective on shares of International Business Machines Corporation in a research report on Friday, August 18th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $150.00 target price on shares of International Business Machines Corporation in a research report on Wednesday, August 9th. Vetr cut International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 target price for the company. in a research report on Monday, August 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $167.00 target price (up from $165.00) on shares of International Business Machines Corporation in a research report on Friday, July 21st. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $157.12.

Shares of International Business Machines Corporation (IBM) traded down 0.78% on Friday, reaching $144.41. The company’s stock had a trading volume of 2,497,362 shares. The company’s 50 day moving average price is $143.20 and its 200 day moving average price is $156.70. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The company has a market cap of $134.58 billion, a P/E ratio of 11.99 and a beta of 0.97.

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

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were given a $1.50 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $6.00 annualized dividend and a yield of 4.12%. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

About International Business Machines Corporation

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 our FREE daily email newsletter.

 


Latest News

Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Cleveland Indians Winning Streak Reaches 18
Cleveland Indians Winning Streak Reaches 18


Leave a Reply

 
© 2006-2017 BBNS.