FTB Advisors Inc. boosted its position in shares of International Business Machines Corp. (NYSE:IBM) by 183.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,714 shares of the technology company’s stock after buying an additional 30,898 shares during the period. International Business Machines Corp. makes up approximately 1.0% of FTB Advisors Inc.’s holdings, making the stock its 18th largest position. FTB Advisors Inc.’s holdings in International Business Machines Corp. were worth $7,527,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Boothbay Fund Management LLC bought a new stake in shares of International Business Machines Corp. during the first quarter worth about $254,000. Fulton Bank N.A. increased its stake in shares of International Business Machines Corp. by 1.3% in the second quarter. Fulton Bank N.A. now owns 19,894 shares of the technology company’s stock worth $3,020,000 after buying an additional 247 shares in the last quarter. Kistler Tiffany Companies LLC increased its stake in shares of International Business Machines Corp. by 12.0% in the second quarter. Kistler Tiffany Companies LLC now owns 5,079 shares of the technology company’s stock worth $771,000 after buying an additional 545 shares in the last quarter. Marshwinds Advisory Co. increased its stake in shares of International Business Machines Corp. by 0.3% in the second quarter. Marshwinds Advisory Co. now owns 25,461 shares of the technology company’s stock worth $3,864,000 after buying an additional 75 shares in the last quarter. Finally, Integrated Investment Consultants LLC increased its stake in shares of International Business Machines Corp. by 19.5% in the second quarter. Integrated Investment Consultants LLC now owns 3,216 shares of the technology company’s stock worth $488,000 after buying an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 57.23% of the company’s stock.

Institutional Ownership by Quarter for International Business Machines Corp. (NYSE:IBM)

International Business Machines Corp. (NYSE:IBM) traded down 0.627% during trading on Wednesday, reaching $162.505. 1,624,730 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $155.81 and a 200 day moving average price of $155.94. International Business Machines Corp. has a 52 week low of $116.90 and a 52 week high of $165.00. The firm has a market capitalization of $154.52 billion, a price-to-earnings ratio of 13.241 and a beta of 0.94.

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

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Thursday, November 10th will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Tuesday, November 8th. International Business Machines Corp.’s dividend payout ratio (DPR) is presently 45.64%.

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IBM has been the subject of several research analyst reports. Vetr downgraded International Business Machines Corp. from a “buy” rating to a “hold” rating and set a $157.99 target price for the company. in a research report on Thursday, October 27th. Oppenheimer Holdings Inc. initiated coverage on International Business Machines Corp. in a research report on Monday, August 15th. They set a “market perform” rating for the company. Credit Suisse Group AG reiterated an “underperform” rating and set a $110.00 target price on shares of International Business Machines Corp. in a research report on Wednesday, October 12th. Goldman Sachs Group Inc. decreased their target price on International Business Machines Corp. from $147.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, October 18th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $160.00 target price on shares of International Business Machines Corp. in a research report on Tuesday, October 18th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company’s stock. International Business Machines Corp. currently has an average rating of “Hold” and an average price target of $156.04.

In other news, 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 sale, the insider now directly owns 6,977 shares of the company’s stock, valued at $1,060,852.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David N. Farr acquired 1,300 shares of the stock in a transaction dated Tuesday, October 25th. The stock was bought at an average cost of $149.93 per share, with a total value of $194,909.00. Following the completion of the purchase, the director now owns 3,758 shares of the company’s stock, valued at $563,436.94. The disclosure for this purchase can be found here. 0.08% of the stock is owned by 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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