Curbstone Financial Management Corp lifted its position in shares of International Business Machines Corporation (NYSE:IBM) by 93.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,386 shares of the technology company’s stock after buying an additional 5,018 shares during the quarter. Curbstone Financial Management Corp’s holdings in International Business Machines were worth $1,507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Herndon Capital Management LLC lifted its stake in International Business Machines by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after purchasing an additional 195 shares in the last quarter. Edge Wealth Management LLC lifted its stake in International Business Machines by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after purchasing an additional 40 shares in the last quarter. ETF Managers Group LLC purchased a new stake in International Business Machines in the 2nd quarter worth $121,000. Peddock Capital Advisors LLC lifted its stake in International Business Machines by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after purchasing an additional 62 shares in the last quarter. Finally, Horan Securities Inc. lifted its stake in International Business Machines by 845.5% in the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after purchasing an additional 837 shares in the last quarter. Institutional investors own 57.26% of the company’s stock.

Several analysts have commented on IBM shares. UBS reiterated a “neutral” rating and issued a $160.00 price target (up previously from $152.00) on shares of International Business Machines in a research note on Wednesday, October 18th. Jefferies Group reiterated a “sell” rating and issued a $125.00 price target on shares of International Business Machines in a research note on Thursday, September 21st. Vetr upgraded shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price target on the stock in a research note on Wednesday, December 6th. Cantor Fitzgerald reiterated a “hold” rating and issued a $154.00 price target on shares of International Business Machines in a research note on Friday, October 13th. Finally, ValuEngine cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $159.24.

International Business Machines Corporation (NYSE IBM) opened at $152.50 on Friday. The company has a market cap of $141,183.13, a PE ratio of 11.16, a P/E/G ratio of 2.23 and a beta of 0.94. International Business Machines Corporation has a fifty-two week low of $139.13 and a fifty-two week high of $182.79. 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 (NYSE:IBM) last issued its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.29 EPS. equities analysts predict that International Business Machines Corporation will post 13.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Saturday, December 9th. Investors 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 annualized dividend and a yield of 3.93%. International Business Machines’s payout ratio is 50.13%.

COPYRIGHT VIOLATION NOTICE: “Curbstone Financial Management Corp Has $1.51 Million Position in International Business Machines Corporation (IBM)” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.watchlistnews.com/curbstone-financial-management-corp-has-1-51-million-position-in-international-business-machines-corporation-ibm/1769458.html.

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)

Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with Analyst Ratings Network's FREE daily email newsletter.