Pacifica Capital Investments LLC held its stake in shares of International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,800 shares of the technology company’s stock at the close of the 2nd quarter. International Business Machines Corporation makes up approximately 0.1% of Pacifica Capital Investments LLC’s portfolio, making the stock its 16th biggest holding. Pacifica Capital Investments LLC’s holdings in International Business Machines Corporation were worth $277,000 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 IBM. Harbour Capital Advisors LLC raised its position in shares of International Business Machines Corporation by 14,730.9% during the 2nd quarter. Harbour Capital Advisors LLC now owns 483,488 shares of the technology company’s stock valued at $3,143,000 after buying an additional 480,228 shares in the last quarter. Bank of Nova Scotia raised its position in International Business Machines Corporation by 668.8% in the 1st 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 raised its position in International Business Machines Corporation by 31.9% in the 1st 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 raised its position in International Business Machines Corporation by 116.6% in the 2nd 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 raised its position in International Business Machines Corporation by 70.6% in the 1st 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. Hedge funds and other institutional investors own 58.43% of the company’s stock.

International Business Machines Corporation (IBM) opened at $151.84 on Friday. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. The company has a market cap of $140,507.38, a PE ratio of 11.11, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79.

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

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be paid a $1.50 dividend. The ex-dividend date is Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a yield of 3.95%. International Business Machines Corporation’s dividend payout ratio is currently 50.13%.

IBM has been the topic of a number of recent analyst reports. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price objective on the stock in a research report on Monday, July 31st. Wedbush initiated coverage on shares of International Business Machines Corporation in a research report on Thursday, August 3rd. They issued a “neutral” rating and a $155.00 price objective on the stock. Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 price objective on shares of International Business Machines Corporation in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $160.00 price objective on shares of International Business Machines Corporation in a research report on Friday, August 18th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $192.00 price objective on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Eight equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $158.93.

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About International Business Machines Corporation

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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