Today, Traders Buy Shares of International Business Machines Corp. (IBM) on Weakness After Insider Selling

Today, Traders Buy Shares of International Business Machines Corp. (IBM) on Weakness After Insider Selling
Investors bought shares of International Business Machines Corp. (NYSE:IBM) on weakness during trading hours on Thursday after an insider sold shares in the company. $127.90 million flowed into the stock on the tick-up and $73.17 million flowed out of the stock on the tick-down, for a money net flow of $54.73 million into the stock. Of all stocks tracked, International Business Machines Corp. had the 9th highest net in-flow for the day. International Business Machines Corp. traded down ($0.69) for the day and closed at $161.98Specifically, insider Kralingen Bridget A. Van sold 330 shares of the company’s stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $152.05, for a total transaction of $50,176.50. Following the completion of the sale, the insider now owns 6,977 shares in the company, valued at approximately $1,060,852.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David N. Farr bought 1,300 shares of the company’s stock in a transaction on Tuesday, October 25th. The shares were acquired at an average price of $149.93 per share, with a total value of $194,909.00. Following the transaction, the director now directly owns 3,758 shares in the company, valued at approximately $563,436.94. The disclosure for this purchase can be found here. 0.08% of the stock is currently owned by corporate insiders.

IBM has been the subject of several research analyst reports. Vetr raised shares of International Business Machines Corp. from a “hold” rating to a “buy” rating and set a $158.20 price target for the company in a report on Monday, October 24th. Drexel Hamilton reissued a “buy” rating and issued a $186.00 price target on shares of International Business Machines Corp. in a report on Tuesday, October 18th. Societe Generale raised shares of International Business Machines Corp. from a “sell” rating to a “hold” rating in a report on Monday, September 26th. Zacks Investment Research lowered shares of International Business Machines Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 20th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $147.00 price target on shares of International Business Machines Corp. in a report on Wednesday, October 12th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $156.04.

The stock has a market cap of $154.02 billion, a price-to-earnings ratio of 13.20 and a beta of 0.94. The stock has a 50 day moving average of $155.42 and a 200-day moving average of $155.62.

International Business Machines Corp. (NYSE:IBM) last released its quarterly earnings results on Monday, October 17th. The technology company reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.05. International Business Machines Corp. had a net margin of 14.75% and a return on equity of 82.86%. The business had revenue of $19.23 billion for the quarter, compared to analysts’ expectations of $19 billion. During the same period in the previous year, the company earned $3.34 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Equities research analysts forecast that International Business Machines Corp. will post $13.50 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Thursday, November 10th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 3.46%. The ex-dividend date is Tuesday, November 8th. International Business Machines Corp.’s dividend payout ratio (DPR) is presently 45.64%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBM. Capital Research Global Investors boosted its position in International Business Machines Corp. by 47.2% in the third quarter. Capital Research Global Investors now owns 10,506,176 shares of the technology company’s stock valued at $1,668,906,000 after buying an additional 3,370,705 shares during the period. Morgan Stanley boosted its position in International Business Machines Corp. by 38.0% in the third quarter. Morgan Stanley now owns 10,256,344 shares of the technology company’s stock worth $1,629,222,000 after buying an additional 2,825,153 shares during the last quarter. Vanguard Group Inc. boosted its position in International Business Machines Corp. by 2.2% in the second quarter. Vanguard Group Inc. now owns 55,476,336 shares of the technology company’s stock worth $8,420,198,000 after buying an additional 1,216,940 shares during the last quarter. Capital World Investors boosted its position in International Business Machines Corp. by 22.3% in the second quarter. Capital World Investors now owns 5,322,000 shares of the technology company’s stock worth $807,773,000 after buying an additional 972,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in International Business Machines Corp. during the third quarter worth $151,741,000. Institutional investors and hedge funds own 58.49% of the company’s stock.

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