Pensions

British Airways Pensions Investment Management Ltd Takes Position in International Business Machines Corporation (IBM)

British Airways Pensions Investment Management Ltd bought a new stake in shares of International Business Machines Corporation (NYSE:IBM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 133,000 shares of the technology company’s stock, valued at approximately $23,149,000.

A number of other large investors have also recently made changes to their positions in IBM. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of International Business Machines Corporation during the fourth quarter valued at $117,000. Jackson Grant Investment Advisers Inc. increased its stake in shares of International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock valued at $122,000 after buying an additional 6 shares during the period. Pacific Center for Financial Services purchased a new stake in shares of International Business Machines Corporation during the fourth quarter valued at $195,000. Retirement Planning Group purchased a new stake in shares of International Business Machines Corporation during the first quarter valued at $212,000. Finally, Numeric Investors LLC purchased a new stake in shares of International Business Machines Corporation during the fourth quarter valued at $216,000. Institutional investors own 58.60% of the company’s stock.

International Business Machines Corporation (NYSE:IBM) traded up 0.33% during trading on Thursday, reaching $144.92. 1,474,846 shares of the company were exchanged. The firm has a market capitalization of $135.06 billion, a PE ratio of 12.03 and a beta of 0.97. The stock has a 50 day moving average price of $151.77 and a 200 day moving average price of $163.85. International Business Machines Corporation has a 12 month low of $143.64 and a 12 month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last posted its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share 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 firm had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. During the same period last year, the firm posted $2.95 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts expect that International Business Machines Corporation will post $13.73 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $6.00 annualized dividend and a yield of 4.15%. International Business Machines Corporation’s dividend payout ratio (DPR) is currently 49.88%.

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IBM has been the subject of several research reports. Vetr downgraded shares of International Business Machines Corporation from a “hold” rating to a “sell” rating and set a $158.35 price objective for the company. in a research note on Monday, April 10th. Sanford C. Bernstein reiterated a “market perform” rating and set a $150.00 price objective on shares of International Business Machines Corporation in a research note on Tuesday, April 11th. Cantor Fitzgerald reiterated a “hold” rating and set a $166.00 price objective on shares of International Business Machines Corporation in a research note on Thursday, April 13th. Jefferies Group LLC reiterated a “sell” rating and set a $135.00 price objective (down from $145.00) on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $180.00 price objective (down from $185.00) on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the stock. International Business Machines Corporation has a consensus rating of “Hold” and an average price target of $157.50.

In other International Business Machines Corporation news, Director James W. Owens bought 1,718 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was purchased at an average cost of $153.19 per share, for a total transaction of $263,180.42. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.23% of the company’s stock.

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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