Trading Report: The Mraz Amerine & Associates Inc. sells partial stakes of International Business Machines Corp. (IBM)

The Mraz Amerine & Associates Inc. sells partial stakes of International Business Machines Corp. (IBM)

Mraz Amerine & Associates Inc. lowered its stake in International Business Machines Corp. (NYSE:IBM) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 15,472 shares of the technology company’s stock after selling 107 shares during the period. International Business Machines Corp. comprises 0.8% of Mraz Amerine & Associates Inc.’s holdings, making the stock its 21st largest position. Mraz Amerine & Associates Inc.’s holdings in International Business Machines Corp. were worth $2,348,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Chesley Taft & Associates LLC boosted its stake in shares of International Business Machines Corp. by 10.2% in the first quarter. Chesley Taft & Associates LLC now owns 39,178 shares of the technology company’s stock valued at $5,934,000 after buying an additional 3,639 shares during the period. Wade G W & Inc. boosted its stake in shares of International Business Machines Corp. by 15.5% in the first quarter. Wade G W & Inc. now owns 9,907 shares of the technology company’s stock valued at $1,500,000 after buying an additional 1,331 shares during the period. Investment Centers of America Inc. boosted its stake in shares of International Business Machines Corp. by 12.8% in the first quarter. Investment Centers of America Inc. now owns 16,206 shares of the technology company’s stock valued at $2,457,000 after buying an additional 1,841 shares during the period. Sii Investments Inc. WI boosted its stake in shares of International Business Machines Corp. by 21.8% in the first quarter. Sii Investments Inc. WI now owns 23,435 shares of the technology company’s stock valued at $3,545,000 after buying an additional 4,191 shares during the period. Finally, Sanders Morris Harris Inc. acquired a new stake in shares of International Business Machines Corp. during the first quarter valued at about $3,634,000. 57.61% of the stock is currently owned by institutional investors.

Shares of International Business Machines Corp. (NYSE:IBM) traded down 0.37% during midday trading on Thursday, hitting $153.72. The company had a trading volume of 2,909,898 shares. International Business Machines Corp. has a 12 month low of $116.90 and a 12 month high of $165.00. The stock’s 50-day moving average price is $157.12 and its 200-day moving average price is $154.21. The company has a market cap of $146.93 billion, a price-to-earnings ratio of 12.50 and a beta of 0.88.

International Business Machines Corp. (NYSE:IBM) last released its quarterly earnings results on Monday, July 18th. The technology company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.89 by $0.06. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.03 billion. International Business Machines Corp. had a return on equity of 88.92% and a net margin of 14.86%. International Business Machines Corp.’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.84 EPS. On average, equities research analysts forecast that International Business Machines Corp. will post $13.51 EPS for the current year.

Several equities research analysts have issued reports on IBM shares. Vetr raised shares of International Business Machines Corp. from a “hold” rating to a “buy” rating and set a $159.42 target price on the stock in a research note on Wednesday, June 15th. Zacks Investment Research cut shares of International Business Machines Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. JMP Securities reissued a “buy” rating and set a $157.00 price target on shares of International Business Machines Corp. in a research report on Thursday, June 23rd. Credit Suisse Group AG reissued a “sell” rating and set a $110.00 price target on shares of International Business Machines Corp. in a research report on Thursday, June 23rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of International Business Machines Corp. in a research report on Wednesday, June 29th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $154.47.

In related news, insider Robert J. Picciano sold 1,922 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $159.16, for a total transaction of $305,905.52. Following the transaction, the insider now directly owns 35,861 shares of the company’s stock, valued at approximately $5,707,636.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Erich Clementi sold 2,984 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $159.00, for a total value of $474,456.00. Following the transaction, the insider now directly owns 22,531 shares in the company, valued at $3,582,429. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

About International Business Machines Corp.

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

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