HCR Wealth Advisors Acquires Shares of 2,101 International Business Machines Corp. (IBM)

HCR Wealth Advisors acquired a new position in International Business Machines Corp. (NYSE:IBM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,101 shares of the technology company’s stock, valued at approximately $349,000.

A number of other institutional investors have also modified their holdings of IBM. CKW Financial Group increased its position in shares of International Business Machines Corp. by 0.4% in the third quarter. CKW Financial Group now owns 815 shares of the technology company’s stock worth $129,000 after buying an additional 3 shares during the period. Bridgewater Wealth & Financial Management LLC increased its position in shares of International Business Machines Corp. by 0.3% in the third quarter. Bridgewater Wealth & Financial Management LLC now owns 1,730 shares of the technology company’s stock worth $275,000 after buying an additional 5 shares during the last quarter. Alpha Windward LLC increased its position in shares of International Business Machines Corp. by 0.7% in the third quarter. Alpha Windward LLC now owns 1,333 shares of the technology company’s stock worth $212,000 after buying an additional 9 shares during the last quarter. Beaumont Financial Partners LLC increased its position in shares of International Business Machines Corp. by 0.3% in the fourth quarter. Beaumont Financial Partners LLC now owns 3,250 shares of the technology company’s stock worth $539,000 after buying an additional 11 shares during the last quarter. Finally, Financial & Investment Management Group Ltd. increased its position in shares of International Business Machines Corp. by 0.7% in the third quarter. Financial & Investment Management Group Ltd. now owns 1,934 shares of the technology company’s stock worth $307,000 after buying an additional 13 shares during the last quarter. 58.65% of the stock is owned by institutional investors.

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

Shares of International Business Machines Corp. (NYSE:IBM) traded down 0.19% during mid-day trading on Thursday, hitting $161.39. 3,546,766 shares of the stock were exchanged. The stock has a market cap of $152.22 billion, a PE ratio of 13.04 and a beta of 0.96. International Business Machines Corp. has a one year low of $142.50 and a one year high of $182.79. The company has a 50-day moving average of $174.66 and a 200 day moving average of $167.62. International Business Machines Corp. also saw some unusual options trading activity on Tuesday. Stock traders bought 3,300 call options on the company. This is an increase of approximately 315% compared to the typical daily volume of 795 call options.

International Business Machines Corp. (NYSE:IBM) last released its quarterly earnings results on Tuesday, April 18th. The technology company reported $2.38 EPS for the quarter, beating the Zacks’ consensus estimate of $2.35 by $0.03. International Business Machines Corp. had a net margin of 14.85% and a return on equity of 78.32%. The company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.37 billion. During the same quarter last year, the firm posted $2.35 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities analysts predict that International Business Machines Corp. will post $13.78 earnings per share for the current year.

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A number of brokerages have recently weighed in on IBM. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of International Business Machines Corp. in a report on Saturday, January 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price objective (down from $185.00) on shares of International Business Machines Corp. in a report on Wednesday. Bank of America Corp reissued a “buy” rating and set a $180.00 price objective (down from $185.00) on shares of International Business Machines Corp. in a report on Wednesday. Sanford C. Bernstein reissued a “market perform” rating and set a $150.00 price objective on shares of International Business Machines Corp. in a report on Wednesday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $165.00 price target (down from $170.00) on shares of International Business Machines Corp. in a report on Wednesday. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. International Business Machines Corp. has a consensus rating of “Hold” and a consensus target price of $166.83.

In other news, insider James J. Kavanaugh sold 559 shares of the firm’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $178.31, for a total value of $99,675.29. Following the sale, the insider now owns 29,856 shares in the company, valued at $5,323,623.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Diane J. Gherson sold 5,000 shares of the firm’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $179.18, for a total transaction of $895,900.00. Following the completion of the sale, the insider now owns 20,952 shares in the company, valued at approximately $3,754,179.36. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.

International Business Machines Corp. Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

5 Day Chart for NYSE:IBM

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