Trade Report: Today, SeaBridge Investment Advisors LLC Buys 32,123 Shares of International Business Machines Corp. (IBM)

Today, SeaBridge Investment Advisors LLC Buys 32,123 Shares of International Business Machines Corp. (IBM)

SeaBridge Investment Advisors LLC boosted its position in shares of International Business Machines Corp. (NYSE:IBM) by 277.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,697 shares of the technology company’s stock after buying an additional 32,123 shares during the period. International Business Machines Corp. makes up approximately 1.7% of SeaBridge Investment Advisors LLC’s holdings, making the stock its 14th largest position. SeaBridge Investment Advisors LLC’s holdings in International Business Machines Corp. were worth $6,941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased 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 in the last quarter. BlackRock Fund Advisors increased its position in International Business Machines Corp. by 6.4% in the second quarter. BlackRock Fund Advisors now owns 13,451,769 shares of the technology company’s stock worth $2,041,709,000 after buying an additional 806,207 shares in the last quarter. Capital Research Global Investors increased its position in International Business Machines Corp. by 81.1% in the second quarter. Capital Research Global Investors now owns 7,135,471 shares of the technology company’s stock worth $1,083,022,000 after buying an additional 3,194,471 shares in the last quarter. Capital World Investors increased 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 in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in International Business Machines Corp. by 9.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,073,142 shares of the technology company’s stock worth $770,001,000 after buying an additional 419,742 shares in the last quarter. 58.49% of the stock is currently owned by institutional investors.

Shares of International Business Machines Corp. (NYSE:IBM) traded up 0.72% on Friday, hitting $163.14. The stock had a trading volume of 1,605,344 shares. International Business Machines Corp. has a 12-month low of $116.90 and a 12-month high of $165.00. The stock has a 50 day moving average of $155.55 and a 200 day moving average of $155.73. The firm has a market cap of $155.12 billion, a price-to-earnings ratio of 13.29 and a beta of 0.94.

International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings data 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. The company earned $19.23 billion during the quarter, compared to analyst estimates of $19 billion. International Business Machines Corp. had a return on equity of 82.86% and a net margin of 14.75%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.34 earnings per share. Equities analysts predict that International Business Machines Corp. will post $13.50 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Thursday, November 10th will be given a $1.40 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $5.60 annualized dividend and a yield of 3.43%. International Business Machines Corp.’s payout ratio is 45.64%.

A number of brokerages have commented on IBM. Cantor Fitzgerald restated a “hold” rating on shares of International Business Machines Corp. in a research report on Monday, August 8th. Drexel Hamilton restated a “buy” rating and issued a $186.00 price target on shares of International Business Machines Corp. in a research report on Monday, August 15th. Oppenheimer Holdings Inc. began coverage on International Business Machines Corp. in a research report on Monday, August 15th. They issued a “market perform” rating for the company. Vetr cut International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $155.84 price target for the company. in a research report on Wednesday, September 7th. Finally, Bank of America Corp. set a $185.00 price target on International Business Machines Corp. and gave the stock a “buy” rating in a research report on Monday, November 21st. Three 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. The stock presently has an average rating of “Hold” and a consensus target price of $156.04.

In other International Business Machines Corp. news, Director David N. Farr acquired 1,300 shares of the stock in a transaction that occurred on Tuesday, October 25th. The stock was bought at an average cost of $149.93 per share, for a total transaction of $194,909.00. Following the completion of the transaction, the director now owns 3,758 shares of the company’s stock, valued at approximately $563,436.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kralingen Bridget A. Van sold 330 shares of the stock in a transaction that occurred on Thursday, October 20th. The stock was sold at an average price of $152.05, for a total value of $50,176.50. Following the completion of the transaction, the insider now owns 6,977 shares of the company’s stock, valued at $1,060,852.85. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

About International Business Machines Corp.

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