Trade Report: The Aull & Monroe Investment Management Corp Sold shares of International Business Machines Corp. (IBM)

The Aull & Monroe Investment Management Corp Sold shares of International Business Machines Corp. (IBM)

Aull & Monroe Investment Management Corp lowered its position in shares of International Business Machines Corp. (NYSE:IBM) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 18,031 shares of the technology company’s stock after selling 424 shares during the period. International Business Machines Corp. comprises 1.6% of Aull & Monroe Investment Management Corp’s holdings, making the stock its 18th largest position. Aull & Monroe Investment Management Corp’s holdings in International Business Machines Corp. were worth $2,737,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Cypress Capital Management LLC WY purchased a new position in International Business Machines Corp. during the second quarter worth approximately $107,000. Jackson Grant Investment Advisers Inc. increased its position in International Business Machines Corp. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 726 shares of the technology company’s stock worth $110,000 after buying an additional 5 shares in the last quarter. Americafirst Capital Management LLC purchased a new position in International Business Machines Corp. during the second quarter worth approximately $120,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in International Business Machines Corp. during the second quarter worth approximately $158,000. Finally, Pathstone Family Office LLC increased its position in International Business Machines Corp. by 23.0% in the second quarter. Pathstone Family Office LLC now owns 1,068 shares of the technology company’s stock worth $162,000 after buying an additional 200 shares in the last quarter. 57.61% of the stock is owned by institutional investors and hedge funds.

International Business Machines Corp. (NYSE:IBM) traded up 0.43% during midday trading on Wednesday, hitting $157.14. The company had a trading volume of 253,693 shares. The firm has a 50-day moving average price of $157.89 and a 200-day moving average price of $153.94. The company has a market cap of $150.20 billion, a price-to-earnings ratio of 12.78 and a beta of 0.88. International Business Machines Corp. has a 12 month low of $116.90 and a 12 month high of $165.00.

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

The company also recently announced a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Monday, August 8th. International Business Machines Corp.’s payout ratio is 45.53%.

A number of research analysts have recently commented on the company. Barclays PLC reiterated a “sell” rating on shares of International Business Machines Corp. in a research report on Sunday, July 17th. Cantor Fitzgerald reiterated a “hold” rating on shares of International Business Machines Corp. in a research report on Sunday, July 17th. Morgan Stanley reiterated a “buy” rating and set a $168.00 target price on shares of International Business Machines Corp. in a research report on Sunday, July 17th. Vetr downgraded International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $150.47 price target for the company. in a research report on Monday, July 11th. Finally, Credit Suisse Group AG restated an “underperform” rating and issued a $110.00 price target on shares of International Business Machines Corp. in a research report on Saturday, September 3rd. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $154.47.

In other International Business Machines Corp. news, insider Robert J. Leblanc sold 15,708 shares of the stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $162.25, for a total value of $2,548,623.00. Following the sale, the insider now owns 61,374 shares of the company’s stock, valued at approximately $9,957,931.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John E. Kelly III sold 6,698 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $160.89, for a total value of $1,077,641.22. Following the completion of the sale, the insider now directly owns 33,576 shares in the company, valued at approximately $5,402,042.64. 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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