Northwestern Mutual Investment Management Company LLC decreased its position in shares of International Business Machines Corporation (NYSE:IBM) by 80.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 33,693 shares of the technology company’s stock after selling 139,811 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in International Business Machines were worth $5,114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in IBM. Herndon Capital Management LLC lifted its stake in shares of International Business Machines by 39.0% during the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after buying an additional 195 shares during the period. Edge Wealth Management LLC raised its stake in International Business Machines by 5.6% during the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after purchasing an additional 40 shares during the period. Peddock Capital Advisors LLC raised its stake in International Business Machines by 7.3% during the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after purchasing an additional 62 shares during the period. Horan Securities Inc. raised its stake in International Business Machines by 845.5% during the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after purchasing an additional 837 shares during the period. Finally, Proficio Capital Partners LLC raised its stake in International Business Machines by 85.1% during the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock worth $146,000 after purchasing an additional 441 shares during the period. 58.43% of the stock is currently owned by institutional investors and hedge funds.

IBM has been the topic of a number of recent analyst reports. Vetr raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $150.93 price target on the stock in a research note on Thursday, August 24th. ValuEngine raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price target on shares of International Business Machines in a research note on Friday, October 6th. Drexel Hamilton reaffirmed a “buy” rating and set a $200.00 price target on shares of International Business Machines in a research note on Tuesday, October 17th. Finally, Pivotal Research initiated coverage on shares of International Business Machines in a research note on Friday, October 27th. They set a “buy” rating and a $180.00 price target on the stock. Eight analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. International Business Machines presently has a consensus rating of “Hold” and an average price target of $159.12.

International Business Machines Corporation (IBM) traded up $0.19 during trading on Monday, hitting $152.03. 526,512 shares of the stock traded hands, compared to its average volume of 4,244,399. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The firm has a market capitalization of $140,572.11, a price-to-earnings ratio of 11.12, a P/E/G ratio of 2.22 and a beta of 0.94. 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 (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, topping the 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 company had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. During the same quarter in the prior year, the business earned $3.29 earnings per share. The business’s quarterly revenue was down .4% compared to the same quarter last year. sell-side analysts forecast that International Business Machines Corporation will post 13.8 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines’s payout ratio is currently 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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