Trade Report: The Liberty Capital Management Inc. Raises its position in International Business Machines Corp. (IBM) as a favorable investment target.

The Liberty Capital Management Inc. Raises its position in International Business Machines Corp. (IBM) as a favorable investment target.

Liberty Capital Management Inc. raised its position in shares of International Business Machines Corp. (NYSE:IBM) by 10.0% during the third quarter, Holdings Channel reports. The institutional investor owned 8,975 shares of the technology company’s stock after buying an additional 817 shares during the period. Liberty Capital Management Inc.’s holdings in International Business Machines Corp. were worth $1,404,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Capital Research Global Investors increased its position in shares of 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. Vanguard Group Inc. increased its position in shares of 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. Capital World Investors increased its position in shares of 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. Alliancebernstein L.P. increased its position in shares of International Business Machines Corp. by 45.5% in the second quarter. Alliancebernstein L.P. now owns 2,653,828 shares of the technology company’s stock worth $402,798,000 after buying an additional 830,006 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of 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. Institutional investors own 58.49% of the company’s stock.

International Business Machines Corp. (NYSE:IBM) traded up 0.72% during trading on Friday, reaching $163.14. The company had a trading volume of 1,605,344 shares. The firm has a market capitalization of $155.12 billion, a PE ratio of 13.29 and a beta of 0.94. The firm’s 50 day moving average price is $155.55 and its 200 day moving average price is $155.73. 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 released its quarterly earnings results on Monday, October 17th. The technology company reported $3.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.24 by $0.05. The business earned $19.23 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $3.34 EPS. Analysts anticipate that International Business Machines Corp. will post $13.50 earnings per share for the current 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 paid 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 dividend payout ratio (DPR) is presently 45.64%.

A number of equities analysts have recently weighed in on IBM shares. Societe Generale set a $160.00 target price on International Business Machines Corp. and gave the company a “neutral” rating in a report on Tuesday, September 27th. Bank of America Corp. set a $185.00 price objective on International Business Machines Corp. and gave the stock a “buy” rating in a report on Monday, November 21st. Zacks Investment Research upgraded International Business Machines Corp. from a “sell” rating to a “hold” rating in a report on Monday, September 26th. Cantor Fitzgerald restated a “hold” rating and issued a $162.00 price objective on shares of International Business Machines Corp. in a report on Monday, September 12th. Finally, Wells Fargo & Co. restated a “market perform” rating and issued a $155.00 price objective (down previously from $160.00) on shares of International Business Machines Corp. in a report on Friday, October 21st. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the stock. International Business Machines Corp. has an average rating of “Hold” and an average price target of $156.04.

In related news, insider Robert J. Picciano sold 1,922 shares of the business’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $159.16, for a total value of $305,905.52. Following the completion of the sale, the insider now directly owns 35,861 shares in the company, valued at approximately $5,707,636.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kralingen Bridget A. Van sold 330 shares of the business’s stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $152.05, for a total value of $50,176.50. Following the completion of the sale, 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.

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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