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Korea Investment CORP Buys 631,665 IBM Shares in New Stake

IBM logoIBM
Sig0.95Sen+0.30Env0.00Soc0.00Gov0.00

Korea Investment CORP acquired 631,665 IBM shares in Q2, a stake worth about $177.6 million, per an SEC filing. Other funds also added or trimmed positions. SVP Robert Thomas sold 25,000 shares on Aug. 26 for about $5.76 million. Analysts look for IBM EPS of 12.33 this fiscal year, with Barclays cutting its target to $262.

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