Doyle Wealth Management trimmed its position in shares of International Business Machines Corp. (NYSE:IBM) by 6.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,462 shares of the technology company’s stock after selling 358 shares during the period. Doyle Wealth Management’s holdings in International Business Machines were worth $792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in IBM. SeaBridge Investment Advisors LLC boosted its holdings in shares of International Business Machines by 18.9% in the second quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock valued at $11,817,000 after acquiring an additional 12,236 shares during the period. Intellectus Partners LLC boosted its holdings in shares of International Business Machines by 9.8% in the first quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock valued at $2,929,000 after acquiring an additional 1,496 shares during the period. CKW Financial Group boosted its holdings in shares of International Business Machines 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 acquiring an additional 121 shares during the period. Argus Investors Counsel Inc. boosted its holdings in shares of International Business Machines by 10.9% in the second quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock valued at $4,134,000 after acquiring an additional 2,651 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in shares of International Business Machines in the first quarter valued at approximately $12,488,000. 57.11% of the stock is owned by hedge funds and other institutional investors.

Shares of International Business Machines Corp. (NYSE IBM) opened at $153.13 on Thursday. 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 company has a market capitalization of $141,770.00, a price-to-earnings ratio of 12.78, a P/E/G ratio of 2.23 and a beta of 0.94. International Business Machines Corp. has a 52 week low of $139.13 and a 52 week high of $182.79.

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

The business also recently disclosed a quarterly dividend, which was paid on Saturday, December 9th. Investors of record on Friday, November 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 3.92%. The ex-dividend date was Thursday, November 9th. International Business Machines’s payout ratio is currently 50.08%.

Several equities research analysts have recently weighed in on the company. UBS Group reissued a “neutral” rating and issued a $160.00 price objective (up from $152.00) on shares of International Business Machines in a report on Wednesday, October 18th. BMO Capital Markets reissued a “market perform” rating and issued a $170.00 price objective (up from $167.00) on shares of International Business Machines in a report on Wednesday, October 18th. Drexel Hamilton reissued a “buy” rating and issued a $200.00 price objective on shares of International Business Machines in a report on Tuesday, October 17th. ValuEngine raised International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price target on shares of International Business Machines in a report on Wednesday, October 18th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $159.24.

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International Business Machines Company 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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