Birmingham Capital Management Co. Inc. AL boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,095 shares of the technology company’s stock after purchasing an additional 195 shares during the quarter. International Business Machines Corporation comprises 1.7% of Birmingham Capital Management Co. Inc. AL’s portfolio, making the stock its 23rd biggest holding. Birmingham Capital Management Co. Inc. AL’s holdings in International Business Machines Corporation were worth $4,168,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Horan Securities Inc. increased its stake in International Business Machines Corporation by 845.5% in the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after acquiring an additional 837 shares during the last quarter. Proficio Capital Partners LLC increased its stake in International Business Machines Corporation by 85.1% in the 1st quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock worth $146,000 after acquiring an additional 441 shares during the last quarter. CKW Financial Group increased its stake in International Business Machines Corporation by 14.8% in the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after acquiring an additional 121 shares during the last quarter. Grisanti Capital Management LLC increased its stake in International Business Machines Corporation by 2.0% in the 1st quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after acquiring an additional 20 shares during the last quarter. Finally, Capital Management Associates NY bought a new stake in International Business Machines Corporation in the 1st quarter worth approximately $200,000. 57.88% of the stock is currently owned by institutional investors.

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International Business Machines Corporation (IBM) opened at 146.48 on Friday. International Business Machines Corporation has a 52-week low of $139.13 and a 52-week high of $182.79. The stock has a 50 day moving average price of $144.33 and a 200 day moving average price of $152.97. The company has a market capitalization of $136.51 billion, a price-to-earnings ratio of 12.16 and a beta of 0.95.

International Business Machines Corporation (NYSE:IBM) last released its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.74 by $0.23. The firm had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. International Business Machines Corporation’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business posted $2.95 earnings per share. On average, equities analysts expect that International Business Machines Corporation will post $13.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were issued a $1.50 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.10%. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

A number of analysts have issued reports on IBM shares. Credit Suisse Group reaffirmed an “underperform” rating and issued a $110.00 price objective (down previously from $125.00) on shares of International Business Machines Corporation in a research note on Monday, July 17th. UBS AG reaffirmed a “neutral” rating and issued a $159.00 price objective (down previously from $167.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “sell” rating and issued a $125.00 price objective on shares of International Business Machines Corporation in a research note on Thursday, September 21st. Vetr downgraded International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 price objective on the stock. in a research note on Monday, July 24th. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a $125.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. International Business Machines Corporation has a consensus rating of “Hold” and a consensus target price of $157.12.

International Business Machines Corporation 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 Corporation (NYSE:IBM)

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