HighTower Advisors LLC trimmed its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 362,903 shares of the technology company’s stock after selling 418 shares during the quarter. HighTower Advisors LLC’s holdings in International Business Machines were worth $55,862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. SeaBridge Investment Advisors LLC raised its position in International Business Machines by 18.9% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock worth $11,817,000 after purchasing an additional 12,236 shares during the period. Intellectus Partners LLC raised its position in International Business Machines by 9.8% in the 1st quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock worth $2,929,000 after purchasing an additional 1,496 shares during the period. CKW Financial Group raised its position in International Business Machines by 14.8% in the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after purchasing an additional 121 shares during the period. Argus Investors Counsel Inc. raised its position in International Business Machines by 10.9% in the 2nd quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock worth $4,134,000 after purchasing an additional 2,651 shares during the period. Finally, SOL Capital Management CO raised its position in International Business Machines by 0.6% in the 2nd quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock worth $1,167,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 57.26% of the company’s stock.

International Business Machines Corporation (NYSE IBM) traded up $0.80 during midday trading on Monday, hitting $155.61. 1,299,210 shares of the stock were exchanged, compared to its average volume of 4,254,970. 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 1 year low of $139.13 and a 1 year high of $182.79. The company has a market capitalization of $143,321.77, a P/E ratio of 11.33, a PEG ratio of 2.27 and a beta of 0.94.

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 Zacks’ consensus estimate of $3.28 by $0.02. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The firm had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same period last year, the firm earned $3.29 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. equities research analysts expect that International Business Machines Corporation will post 13.8 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, December 9th. Stockholders of record on Friday, November 10th were paid 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 3.86%. International Business Machines’s dividend payout ratio is presently 50.13%.

A number of analysts recently weighed in on IBM shares. Cantor Fitzgerald reissued a “hold” rating and issued a $154.00 price objective on shares of International Business Machines in a research report on Friday, October 13th. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 price objective on shares of International Business Machines in a research report on Friday, October 6th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $160.00 target price on shares of International Business Machines in a research report on Wednesday, November 15th. BidaskClub raised shares of International Business Machines from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Goldman Sachs Group set a $170.00 target price on shares of International Business Machines and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. International Business Machines presently has a consensus rating of “Hold” and a consensus 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.

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

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