IBM (IBM) Shares Sold by Bank of Hawaii

Bank of Hawaii lessened its holdings in shares of IBM (NYSE:IBM) by 25.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,535 shares of the technology company’s stock after selling 1,874 shares during the quarter. Bank of Hawaii’s holdings in IBM were worth $849,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Cookson Peirce & Co. Inc. bought a new stake in IBM in the 4th quarter worth approximately $422,000. Martingale Asset Management L P lifted its position in IBM by 2.5% in the fourth quarter. Martingale Asset Management L P now owns 432,295 shares of the technology company’s stock valued at $66,324,000 after purchasing an additional 10,399 shares during the last quarter. Navellier & Associates Inc bought a new stake in IBM in the fourth quarter valued at approximately $2,058,000. Eaton Vance Management lifted its position in IBM by 4.4% in the fourth quarter. Eaton Vance Management now owns 736,079 shares of the technology company’s stock valued at $112,929,000 after purchasing an additional 31,213 shares during the last quarter. Finally, Allen Capital Group LLC bought a new stake in IBM in the fourth quarter valued at approximately $424,000. Hedge funds and other institutional investors own 57.01% of the company’s stock.

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Several brokerages have weighed in on IBM. JPMorgan Chase set a $167.00 price objective on IBM and gave the company a “neutral” rating in a research report on Friday, January 19th. Goldman Sachs set a $170.00 price objective on IBM and gave the company a “neutral” rating in a research report on Friday, January 19th. Pivotal Research set a $180.00 price objective on IBM and gave the company a “buy” rating in a research report on Thursday, January 18th. Bank of America reiterated a “buy” rating and issued a $200.00 price objective on shares of IBM in a research report on Friday, January 19th. Finally, Morgan Stanley boosted their price objective on IBM to $198.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Seven equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company’s stock. IBM presently has an average rating of “Hold” and an average price target of $166.01.

In other news, Director Frederick H. Waddell purchased 610 shares of IBM stock in a transaction that occurred on Wednesday, January 31st. The shares were bought at an average cost of $163.38 per share, with a total value of $99,661.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Diane J. Gherson sold 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $156.00, for a total value of $780,000.00. Following the completion of the sale, the insider now directly owns 20,581 shares in the company, valued at $3,210,636. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

IBM opened at $157.89 on Tuesday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.29 and a current ratio of 1.33. IBM has a 52-week low of $139.13 and a 52-week high of $171.69. The company has a market cap of $144,356.22, a PE ratio of 11.44, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90.

IBM (NYSE:IBM) last issued its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.17 by $0.01. The company had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. IBM had a return on equity of 69.48% and a net margin of 7.27%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $5.01 earnings per share. equities analysts anticipate that IBM will post 13.83 EPS for the current year.

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IBM Company Profile

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.

Institutional Ownership by Quarter for IBM (NYSE:IBM)

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