Destination Wealth Management lowered its position in shares of International Business Machines Corporation (NYSE:IBM) by 13.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,492 shares of the technology company’s stock after selling 561 shares during the period. Destination Wealth Management’s holdings in International Business Machines were worth $537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. CKW Financial Group boosted its stake in shares of International Business Machines by 0.3% during the 2nd quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after acquiring an additional 3 shares during the last quarter. Milestone Group Inc. boosted its stake in shares of International Business Machines by 0.4% during the 2nd quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock worth $345,000 after acquiring an additional 8 shares during the last quarter. Gilbert & Cook Inc. boosted its stake in shares of International Business Machines by 0.6% during the 1st quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock worth $375,000 after acquiring an additional 12 shares during the last quarter. Hugh Johnson Advisors LLC lifted its stake in shares of International Business Machines by 0.9% during the 2nd quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock valued at $216,000 after buying an additional 12 shares in the last quarter. Finally, BSW Wealth Partners lifted its stake in shares of International Business Machines by 0.4% during the 1st quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock valued at $695,000 after buying an additional 14 shares in the last quarter. 57.26% of the stock is owned by institutional investors.

A number of research firms recently weighed in on IBM. Berenberg Bank set a $125.00 target price on shares of International Business Machines and gave the company a “sell” rating in a research note on Wednesday, October 18th. Vetr cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $160.68 target price on the stock. in a research note on Thursday, October 19th. Tigress Financial reiterated a “buy” rating on shares of International Business Machines in a report on Friday, December 1st. Pivotal Research began coverage on shares of International Business Machines in a report on Friday, October 27th. They issued a “buy” rating and a $180.00 price target on the stock. Finally, KeyCorp reiterated a “hold” rating on shares of International Business Machines in a report on Friday, November 3rd. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. International Business Machines currently has an average rating of “Hold” and an average target price of $159.24.

International Business Machines Corporation (NYSE:IBM) traded up $0.79 during trading on Friday, reaching $154.36. 575,041 shares of the company’s stock traded hands, compared to its average volume of 4,258,083. The stock has a market cap of $142,664.47, a PE ratio of 11.28, a price-to-earnings-growth ratio of 2.26 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $3.29 EPS. research analysts predict that International Business Machines Corporation will post 13.8 earnings per share 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 $1.50 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $6.00 annualized dividend and a yield of 3.89%. International Business Machines’s dividend payout ratio (DPR) is 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.

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

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