MCF Advisors LLC trimmed its holdings in International Business Machines Corporation (NYSE:IBM) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,188 shares of the technology company’s stock after selling 3 shares during the period. MCF Advisors LLC’s holdings in International Business Machines Corporation were worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IBM. Horan Securities Inc. raised its position in shares of International Business Machines Corporation by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after buying an additional 837 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of International Business Machines Corporation by 85.1% in the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock valued at $146,000 after buying an additional 441 shares in the last quarter. CKW Financial Group raised its position in shares of International Business Machines Corporation by 14.8% in the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after buying an additional 121 shares in the last quarter. Grisanti Capital Management LLC raised its position in shares of International Business Machines Corporation by 2.0% in the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock valued at $179,000 after buying an additional 20 shares in the last quarter. Finally, Capital Management Associates NY acquired a new stake in shares of International Business Machines Corporation in the first quarter valued at approximately $200,000. Institutional investors own 57.94% of the company’s stock.

International Business Machines Corporation (NYSE IBM) traded up 0.839% during trading on Tuesday, reaching $146.075. 2,890,783 shares of the company traded hands. The firm has a market capitalization of $136.13 billion, a price-to-earnings ratio of 12.123 and a beta of 0.97. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The firm’s 50 day moving average price is $143.16 and its 200 day moving average price is $157.20.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. The firm had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.95 EPS. Equities research analysts expect that International Business Machines Corporation will post $13.77 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Tuesday, August 8th. International Business Machines Corporation’s payout ratio is 49.88%.

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A number of research analysts recently issued reports on the stock. Pacific Crest assumed coverage on shares of International Business Machines Corporation in a research note on Thursday, May 18th. They issued an “equal weight” rating and a $151.35 price objective on the stock. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $160.00 price objective (down from $165.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Finally, Vetr raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.97 price objective on the stock in a research note on Monday, May 15th. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. International Business Machines Corporation currently has a consensus rating of “Hold” and an average price target of $157.12.

About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Institutional Ownership by Quarter for International Business Machines Corporation (NYSE:IBM)

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