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International Business Machines Corp. (NYSE:IBM) SVP John E. Kelly III sold 23,321 shares of International Business Machines Corp. stock on the open market in a transaction dated Friday, August 15th. The shares were sold at an average price of $188.16, for a total transaction of $4,388,079.36. Following the sale, the senior vice president now directly owns 28,726 shares of the company’s stock, valued at approximately $5,405,084. The transaction was disclosed in a document filed with the SEC, which is available at this link.

International Business Machines Corp. (NYSE:IBM) traded up 1.06% on Monday, hitting $189.36. 2,418,687 shares of the company’s stock traded hands. International Business Machines Corp. has a 52-week low of $172.19 and a 52-week high of $199.21. The stock’s 50-day moving average is $189.3 and its 200-day moving average is $187.1. The company has a market cap of $188.9 billion and a price-to-earnings ratio of 11.82.

International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings data on Thursday, July 17th. The company reported $4.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $4.29 by $0.03. The company had revenue of $24.36 billion for the quarter, compared to the consensus estimate of $24.13 billion. During the same quarter last year, the company posted $3.22 earnings per share. International Business Machines Corp.’s revenue was down 2.2% compared to the same quarter last year. On average, analysts predict that International Business Machines Corp. will post $17.90 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Friday, August 8th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Wednesday, August 6th.

IBM has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of International Business Machines Corp. in a research note on Monday, July 21st. They now have a $202.00 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of International Business Machines Corp. in a research note on Friday, July 18th. They now have a $180.00 price target on the stock, up previously from $173.00. Finally, analysts at Societe Generale downgraded shares of International Business Machines Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $198.07.

International Business Machines Corporation (NYSE:IBM) is an information technology (IT) company.

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