Pensions

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

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

A number of other hedge funds 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 worth approximately $117,000. Jackson Grant Investment Advisers Inc. boosted 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 worth $122,000 after buying an additional 6 shares in the last quarter. Pacific Center for Financial Services purchased a new stake in shares of International Business Machines Corporation during the fourth quarter worth approximately $195,000. Retirement Planning Group purchased a new stake in shares of International Business Machines Corporation during the first quarter worth approximately $212,000. Finally, Numeric Investors LLC purchased a new stake in shares of International Business Machines Corporation during the fourth quarter worth approximately $216,000. Hedge funds and other institutional investors own 58.57% of the company’s stock.

International Business Machines Corporation (IBM) traded down 0.71% during mid-day trading on Friday, hitting $139.70. 4,152,714 shares of the stock traded hands. The firm has a market cap of $130.19 billion, a P/E ratio of 11.59 and a beta of 0.97. International Business Machines Corporation has a 52-week low of $139.58 and a 52-week high of $182.79. The firm’s 50-day moving average is $147.30 and its 200 day moving average is $161.22.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company 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 company earned $2.95 EPS. International Business Machines Corporation’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts predict that International Business Machines Corporation will post $13.77 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.29%. International Business Machines Corporation’s payout ratio is currently 49.88%.

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A number of research firms have recently issued reports on IBM. Pacific Crest began coverage on shares of International Business Machines Corporation in a research note on Thursday, May 18th. They set an “equal weight” rating and a $151.35 target price for the company. Stifel Nicolaus restated 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. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $160.00 price objective (down previously from $165.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.97 price objective for the company in a research note on Monday, May 15th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 target price on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Seven investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $157.40.

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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