Mitsubishi UFJ Trust & Banking Corp Has $286.75 Million Holdings in International Business Machines Corporation (IBM)

Mitsubishi UFJ Trust & Banking Corp cut its position in International Business Machines Corporation (NYSE:IBM) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,864,070 shares of the technology company’s stock after selling 53,489 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of International Business Machines Corporation worth $286,750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBM. Harbour Capital Advisors LLC raised its holdings in International Business Machines Corporation by 14,730.9% in the second quarter. Harbour Capital Advisors LLC now owns 483,488 shares of the technology company’s stock worth $3,143,000 after purchasing an additional 480,228 shares during the period. Bank of Nova Scotia raised its holdings in International Business Machines Corporation by 668.8% in the first quarter. Bank of Nova Scotia now owns 492,007 shares of the technology company’s stock worth $85,677,000 after purchasing an additional 428,011 shares during the period. AQR Capital Management LLC raised its holdings in International Business Machines Corporation by 31.9% in the first quarter. AQR Capital Management LLC now owns 1,531,243 shares of the technology company’s stock worth $266,651,000 after purchasing an additional 370,700 shares during the period. Canada Pension Plan Investment Board raised its holdings in International Business Machines Corporation by 116.6% in the second quarter. Canada Pension Plan Investment Board now owns 500,341 shares of the technology company’s stock worth $76,967,000 after purchasing an additional 269,379 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in International Business Machines Corporation by 70.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock worth $112,830,000 after purchasing an additional 267,588 shares during the period. Institutional investors own 58.25% of the company’s stock.

Several brokerages have recently issued reports on IBM. Cantor Fitzgerald reissued a “hold” rating and set a $154.00 price objective (down previously from $166.00) on shares of International Business Machines Corporation in a research report on Wednesday, July 19th. Argus reissued a “buy” rating and set a $175.00 price objective (down previously from $192.00) on shares of International Business Machines Corporation in a research report on Friday, July 21st. UBS AG reissued a “neutral” rating and set a $159.00 price objective (down previously from $167.00) on shares of International Business Machines Corporation in a research report on Saturday, July 22nd. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price objective for the company in a research report on Monday, July 31st. Finally, Wedbush reissued a “neutral” rating and set a $155.00 price objective on shares of International Business Machines Corporation in a research report on Wednesday, August 9th. Eight investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $158.90.

Shares of International Business Machines Corporation (NYSE:IBM) opened at $148.89 on Wednesday. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. The stock has a market cap of $137,387.44, a PE ratio of 10.86, a PEG ratio of 2.17 and a beta of 0.94.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The business had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. During the same quarter in the previous year, the company earned $3.29 EPS. The business’s revenue was down .4% on a year-over-year basis. research analysts forecast that International Business Machines Corporation will post 13.8 earnings per share for the current year.

International Business Machines Corporation announced that its Board of Directors has authorized a stock repurchase program on Tuesday, October 31st that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.03%. The ex-dividend date is Thursday, November 9th. International Business Machines Corporation’s dividend payout ratio (DPR) is 50.13%.

TRADEMARK VIOLATION WARNING: “Mitsubishi UFJ Trust & Banking Corp Has $286.75 Million Holdings in International Business Machines Corporation (IBM)” was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.chaffeybreeze.com/2017/11/15/mitsubishi-ufj-trust-banking-corp-has-286-75-million-holdings-in-international-business-machines-corporation-ibm.html.

About International Business Machines Corporation

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM).

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

Receive News & Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply