Culbertson A N & Co. Inc. cut its stake in International Business Machines Corporation (NYSE:IBM) by 10.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,786 shares of the technology company’s stock after selling 3,710 shares during the quarter. International Business Machines comprises about 1.4% of Culbertson A N & Co. Inc.’s investment portfolio, making the stock its 27th biggest position. Culbertson A N & Co. Inc.’s holdings in International Business Machines were worth $4,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of International Business Machines by 3.7% during the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after acquiring an additional 2,241,818 shares in the last quarter. BlackRock Inc. grew its stake in shares of International Business Machines by 2.4% during the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after acquiring an additional 1,241,441 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of International Business Machines by 3.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock valued at $715,497,000 after acquiring an additional 134,862 shares in the last quarter. Swiss National Bank grew its stake in shares of International Business Machines by 2.9% during the second quarter. Swiss National Bank now owns 3,534,977 shares of the technology company’s stock valued at $543,786,000 after acquiring an additional 100,700 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of International Business Machines by 151.2% during the second quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after acquiring an additional 1,956,033 shares in the last quarter. 57.13% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on the company. Berenberg Bank set a $125.00 target price on International Business Machines and gave the company a “sell” rating in a research note on Wednesday, October 18th. Vetr downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $160.68 target price for the company. in a research note on Thursday, October 19th. Tigress Financial restated a “buy” rating on shares of International Business Machines in a research note on Friday, December 1st. Pivotal Research assumed coverage on International Business Machines in a research note on Friday, October 27th. They set a “buy” rating and a $180.00 target price for the company. Finally, KeyCorp restated a “hold” rating on shares of International Business Machines in a research note on Friday, November 3rd. 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 stock. The stock has an average rating of “Hold” and a consensus target price of $159.24.

Shares of International Business Machines Corporation (NYSE IBM) opened at $153.33 on Tuesday. The firm has a market capitalization of $141,183.19, a P/E ratio of 11.16, a PEG ratio of 2.23 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a twelve month low of $139.13 and a twelve month high of $182.79.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the company posted $3.29 earnings per share. sell-side analysts forecast that International Business Machines Corporation will post 13.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, December 9th. Stockholders of record on Friday, November 10th were issued a dividend of $1.50 per share. 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 3.91%. International Business Machines’s dividend payout ratio (DPR) is presently 50.13%.

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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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