Capital Asset Advisory Services buys $1,014,703 stake in International Business Machines Corp. (IBM)

International Business Machines Corp. (IBM) : Capital Asset Advisory Services scooped up 182 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 Apr 12, 2016. The investment management firm now holds a total of 6,688 shares of International Business Machines Corp. which is valued at $1,014,703.International Business Machines Corp. makes up approximately 1.16% of Capital Asset Advisory Services’s portfolio.

International Business Machines Corp. opened for trading at $151.04 and hit $152.1 on the upside on Friday, eventually ending the session at $151.72, with a gain of 0.37% or 0.56 points. The heightened volatility saw the trading volume jump to 36,57,576 shares. Company has a market cap of $145,785 M.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx boosted its stake in IBM in the latest quarter, The investment management firm added 15,188 additional shares and now holds a total of 215,235 shares of International Business Machines Corp. which is valued at $32,655,454. International Business Machines Corp. makes up approx 0.74% of Exxonmobil Investment Management Inc Tx’s portfolio.Rowland Co Investment Counseladv reduced its stake in IBM by selling 3,338 shares or 48.32% in the most recent quarter. The Hedge Fund company now holds 3,570 shares of IBM which is valued at $541,640. International Business Machines Corp. makes up approx 0.25% of Rowland Co Investment Counseladv’s portfolio.Ckw Financial Group boosted its stake in IBM in the latest quarter, The investment management firm added 153 additional shares and now holds a total of 960 shares of International Business Machines Corp. which is valued at $143,280. International Business Machines Corp. makes up approx 0.05% of Ckw Financial Group’s portfolio.Private Asset Management Inc reduced its stake in IBM by selling 11,390 shares or 12.85% in the most recent quarter. The Hedge Fund company now holds 77,276 shares of IBM which is valued at $11,533,443. International Business Machines Corp. makes up approx 2.10% of Private Asset Management Inc’s portfolio.

On the company’s financial health, International Business Machines Corp. reported $4.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 19, 2016. Analyst had a consensus of $4.81. The company had revenue of $22059.00 million for the quarter, compared to analysts expectations of $22092.92 million. The company’s revenue was down -8.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $5.81 EPS.

Many Wall Street Analysts have commented on International Business Machines Corp.. Company shares were Reiterated by Stifel on Apr 14, 2016 to “Buy”, Firm has raised the Price Target to $ 165 from a previous price target of $155 .Company shares were Reiterated by RBC Capital Mkts on Apr 1, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 155 from a previous price target of $135 .Company shares were Reiterated by Morgan Stanley on Mar 31, 2016 to “Overweight”, Firm has raised the Price Target to $ 168 from a previous price target of $140 .

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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