CSU Producer Resources Inc. held its position in International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,000 shares of the technology company’s stock at the close of the 2nd quarter. International Business Machines Corporation accounts for approximately 4.6% of CSU Producer Resources Inc.’s holdings, making the stock its 11th biggest holding. CSU Producer Resources Inc.’s holdings in International Business Machines Corporation were worth $923,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. State Street Corp grew its holdings in shares of International Business Machines Corporation by 0.4% in the first quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock worth $8,915,788,000 after acquiring an additional 181,993 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of International Business Machines Corporation by 3.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock worth $715,497,000 after acquiring an additional 134,862 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of International Business Machines Corporation by 3.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,808,640 shares of the technology company’s stock worth $432,053,000 after acquiring an additional 88,708 shares during the period. LSV Asset Management grew its holdings in shares of International Business Machines Corporation by 2.3% in the first quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock worth $449,003,000 after acquiring an additional 59,030 shares during the period. Finally, APG Asset Management N.V. grew its holdings in shares of International Business Machines Corporation by 11.6% in the second quarter. APG Asset Management N.V. now owns 2,527,501 shares of the technology company’s stock worth $388,805,000 after acquiring an additional 261,720 shares during the period. 58.25% of the stock is owned by institutional investors and hedge funds.

Several analysts recently commented on the company. Vetr raised International Business Machines Corporation from a “buy” rating to a “strong-buy” rating and set a $165.26 price objective for the company in a report on Wednesday. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $160.00 price objective on shares of International Business Machines Corporation in a report on Wednesday. KeyCorp reaffirmed a “hold” rating on shares of International Business Machines Corporation in a report on Friday, November 3rd. Pivotal Research assumed coverage on International Business Machines Corporation in a report on Friday, October 27th. They issued a “buy” rating and a $180.00 price objective for the company. Finally, Berenberg Bank set a $125.00 price objective on International Business Machines Corporation and gave the stock a “sell” rating in a report on Wednesday, October 18th. Eight equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $158.93.

Shares of International Business Machines Corporation (IBM) opened at $149.12 on Friday. International Business Machines Corporation has a 52-week low of $139.13 and a 52-week high of $182.79. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. The stock has a market capitalization of $136,183.92, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 2.15 and a beta of 0.94.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The business had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same period in the prior year, the business posted $3.29 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. equities research analysts predict that International Business Machines Corporation will post 13.8 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a yield of 4.02%. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 50.13%.

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International Business Machines Corporation Profile

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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