Independent Investors Inc. trimmed its position in shares of International Business Machines Corp. (NYSE:IBM) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,700 shares of the technology company’s stock after selling 350 shares during the quarter. International Business Machines makes up 1.1% of Independent Investors Inc.’s portfolio, making the stock its 24th biggest holding. Independent Investors Inc.’s holdings in International Business Machines were worth $2,712,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Herndon Capital Management LLC lifted its position in shares of International Business Machines by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after acquiring an additional 195 shares in the last quarter. Edge Wealth Management LLC lifted its position in shares of International Business Machines by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after acquiring an additional 40 shares in the last quarter. ETF Managers Group LLC purchased a new stake in shares of International Business Machines in the second quarter valued at $121,000. Peddock Capital Advisors LLC lifted its position in shares of International Business Machines by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after acquiring an additional 62 shares in the last quarter. Finally, Horan Securities Inc. lifted its position in shares of International Business Machines 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 acquiring an additional 837 shares in the last quarter. Institutional investors own 57.13% of the company’s stock.

Shares of International Business Machines Corp. (IBM) opened at $152.50 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. International Business Machines Corp. has a 12 month low of $139.13 and a 12 month high of $182.79. The stock has a market capitalization of $142,120.00, a PE ratio of 12.73, a PEG ratio of 2.22 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted its earnings results 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 had a return on equity of 68.68% and a net margin of 14.43%. The business had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. During the same quarter last year, the firm earned $3.29 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. analysts expect that International Business Machines Corp. will post 13.8 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Saturday, December 9th. Stockholders of record on Friday, November 10th were paid a $1.50 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.93%. International Business Machines’s dividend payout ratio (DPR) is currently 50.08%.

IBM has been the topic of several recent research reports. Drexel Hamilton restated a “buy” rating and issued a $200.00 price objective on shares of International Business Machines in a research report on Tuesday, October 17th. Stifel Nicolaus restated a “buy” rating and issued a $182.00 price objective on shares of International Business Machines in a research report on Friday, October 6th. ValuEngine upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Vetr upgraded International Business Machines from a “hold” rating to a “buy” rating and set a $164.53 price objective on the stock in a research report on Tuesday, October 24th. Finally, Pivotal Research initiated coverage on International Business Machines in a research report on Friday, October 27th. They issued a “buy” rating and a $180.00 price objective on the stock. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $159.24.

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International Business Machines 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.

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

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