Heritage Investors Management Corp buys $22,699,640 stake in International Business Machines Corp. (IBM)

International Business Machines Corp. (IBM) : Heritage Investors Management Corp scooped up 261 additional shares in International Business Machines Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 141,997 shares of International Business Machines Corp. which is valued at $22,699,640.International Business Machines Corp. makes up approximately 1.65% of Heritage Investors Management Corp’s portfolio.

Other Hedge Funds, Including , Mitchell Mcleod Pugh Williams Inc reduced its stake in IBM by selling 3,890 shares or 40.96% in the most recent quarter. The Hedge Fund company now holds 5,607 shares of IBM which is valued at $896,335. International Business Machines Corp. makes up approx 0.66% of Mitchell Mcleod Pugh Williams Inc’s portfolio.Lodestar Investment Counselil boosted its stake in IBM in the latest quarter, The investment management firm added 719 additional shares and now holds a total of 4,854 shares of International Business Machines Corp. which is valued at $775,960. International Business Machines Corp. makes up approx 0.11% of Lodestar Investment Counselil’s portfolio.Braver Wealth Management reduced its stake in IBM by selling 2,539 shares or 31.33% in the most recent quarter. The Hedge Fund company now holds 5,565 shares of IBM which is valued at $879,381. International Business Machines Corp. makes up approx 0.15% of Braver Wealth Management’s portfolio.Thompson Rubinstein Investment Management Inc Or boosted its stake in IBM in the latest quarter, The investment management firm added 1,931 additional shares and now holds a total of 41,895 shares of International Business Machines Corp. which is valued at $6,471,102. International Business Machines Corp. makes up approx 2.48% of Thompson Rubinstein Investment Management Inc Or’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in IBM by selling 45 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 11,984 shares of IBM which is valued at $1,817,733. International Business Machines Corp. makes up approx 0.35% of First Financial Bank N.a. – Trust Division’s portfolio.

International Business Machines Corp. opened for trading at $159.3 and hit $160.75 on the upside on Monday, eventually ending the session at $159.86, with a gain of 0.05% or 0.08 points. The heightened volatility saw the trading volume jump to 67,29,685 shares. Company has a market cap of $153,460 M.

On the company’s financial health, International Business Machines Corp. reported $2.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $2.89. The company had revenue of $20238.00 million for the quarter, compared to analysts expectations of $20063.32 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.84 EPS.

Many Wall Street Analysts have commented on International Business Machines Corp.. Company shares were Reiterated by Drexel Hamilton on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 186 from a previous price target of $166 .Company shares were Reiterated by JMP Securities on Jul 19, 2016 to “Mkt Outperform”, Firm has raised the Price Target to $ 172 from a previous price target of $157 .Company shares were Reiterated by UBS on Jul 19, 2016 to “Neutral”, Firm has raised the Price Target to $ 160 from a previous price target of $150 .

International Business Machines Corporation is a technology company. The Company operates in five business segments: Global Technology Services (GTS) which includes Strategic Outsourcing Integrated Technology Services Cloud and Technology Support Services and also provides information technology (IT) infrastructure and business process services; Global Business Services (GBS) which offers its services across Consulting and Systems Integration Global Process Services and Application Management Services; Software which consists of middleware and operating systems software; Systems and Technology (STG) which provides infrastructure technologies and Global Financing which provides financing solutions for products or services that are critical to the end users’ business operations. Its IBM Watson Health Cloud platform collects clinical research and social data from a range of health sources and creates a cloud-based data sharing hub.

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