Venturi Wealth Management LLC maintained its position in International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,766 shares of the technology company’s stock at the close of the 2nd quarter. Venturi Wealth Management LLC’s holdings in International Business Machines Corporation were worth $579,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbour Capital Advisors LLC boosted its position in International Business Machines Corporation by 14,730.9% during the second quarter. Harbour Capital Advisors LLC now owns 483,488 shares of the technology company’s stock worth $3,143,000 after purchasing an additional 480,228 shares during the period. Bank of Nova Scotia boosted its position in International Business Machines Corporation by 668.8% during the first quarter. Bank of Nova Scotia now owns 492,007 shares of the technology company’s stock worth $85,677,000 after purchasing an additional 428,011 shares during the period. AQR Capital Management LLC boosted its position in International Business Machines Corporation by 31.9% during the first quarter. AQR Capital Management LLC now owns 1,531,243 shares of the technology company’s stock worth $266,651,000 after purchasing an additional 370,700 shares during the period. Canada Pension Plan Investment Board boosted its position in International Business Machines Corporation by 116.6% during the second quarter. Canada Pension Plan Investment Board now owns 500,341 shares of the technology company’s stock worth $76,967,000 after purchasing an additional 269,379 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in International Business Machines Corporation by 70.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock worth $112,830,000 after purchasing an additional 267,588 shares during the period. Institutional investors and hedge funds own 58.35% of the company’s stock.

A number of equities analysts have weighed in on the stock. KeyCorp reiterated a “hold” rating on shares of International Business Machines Corporation in a research report on Friday, November 3rd. Pivotal Research assumed coverage on shares of International Business Machines Corporation in a research report on Friday, October 27th. They set a “buy” rating and a $180.00 target price for the company. Vetr upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $164.53 target price for the company in a research report on Tuesday, October 24th. Berenberg Bank set a $125.00 target price on shares of International Business Machines Corporation and gave the stock a “sell” rating in a research report on Wednesday, October 18th. Finally, Sanford C. Bernstein set a $150.00 target price on shares of International Business Machines Corporation and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Eight investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the stock. International Business Machines Corporation has an average rating of “Hold” and an average price target of $158.90.

International Business Machines Corporation (NYSE IBM) opened at $149.16 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The company has a market cap of $139,146.45, a price-to-earnings ratio of 11.00, a P/E/G ratio of 2.20 and a beta of 0.94.

International Business Machines Corporation (NYSE:IBM) last issued its earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The company had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same period in the previous year, the firm earned $3.29 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. analysts anticipate that International Business Machines Corporation will post 13.8 EPS for the current year.

International Business Machines Corporation declared that its Board of Directors has approved a stock repurchase program on Tuesday, October 31st that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Thursday, November 9th. International Business Machines Corporation’s payout ratio is 50.13%.

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International Business Machines Corporation 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 Corporation (NYSE:IBM)

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