Investment Partners Ltd. OH ADV lowered its position in shares of International Business Machines Corporation (NYSE:IBM) by 10.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,908 shares of the technology company’s stock after selling 454 shares during the period. Investment Partners Ltd. OH ADV’s holdings in International Business Machines Corporation were worth $601,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Dynamic Advisors Solutions LLC raised its position in shares of International Business Machines Corporation by 26.6% in the first quarter. Dynamic Advisors Solutions LLC now owns 9,764 shares of the technology company’s stock valued at $1,700,000 after buying an additional 2,053 shares in the last quarter. Lynch & Associates IN raised its position in shares of International Business Machines Corporation by 2.5% in the first quarter. Lynch & Associates IN now owns 37,120 shares of the technology company’s stock valued at $6,464,000 after buying an additional 922 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of International Business Machines Corporation by 12.8% in the first quarter. Quadrant Capital Group LLC now owns 4,350 shares of the technology company’s stock valued at $743,000 after buying an additional 494 shares in the last quarter. Mutual of Omaha Bank Wealth Management raised its position in shares of International Business Machines Corporation by 7.6% in the first quarter. Mutual of Omaha Bank Wealth Management now owns 6,741 shares of the technology company’s stock valued at $1,174,000 after buying an additional 475 shares in the last quarter. Finally, Country Club Trust Company n.a. raised its position in shares of International Business Machines Corporation by 2.3% in the first quarter. Country Club Trust Company n.a. now owns 110,490 shares of the technology company’s stock valued at $19,240,000 after buying an additional 2,474 shares in the last quarter. 57.91% of the stock is owned by institutional investors and hedge funds.

International Business Machines Corporation (IBM) traded up 0.39% during mid-day trading on Thursday, reaching $143.11. 1,441,715 shares of the company’s stock were exchanged. The company has a market cap of $133.37 billion, a PE ratio of 11.88 and a beta of 0.97. 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 $145.84 and a 200 day moving average price of $160.04.

International Business Machines Corporation (NYSE:IBM) last posted its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The business had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. During the same period in the prior year, the business earned $2.95 EPS. International Business Machines Corporation’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts predict that International Business Machines Corporation will post $13.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be paid a dividend of $1.50 per share. The ex-dividend date is Tuesday, August 8th. This represents a $6.00 annualized dividend and a dividend yield of 4.21%. International Business Machines Corporation’s dividend payout ratio is currently 49.88%.

COPYRIGHT VIOLATION WARNING: “International Business Machines Corporation (IBM) Position Reduced by Investment Partners Ltd. OH ADV” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.watchlistnews.com/international-business-machines-corporation-ibm-position-reduced-by-investment-partners-ltd-oh-adv/1534532.html.

Several research analysts have weighed in on IBM shares. Stifel Nicolaus reissued a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a report on Friday, June 9th. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 price objective for the company in a report on Monday, July 10th. Drexel Hamilton reissued a “buy” rating and set a $200.00 price objective on shares of International Business Machines Corporation in a report on Tuesday, July 18th. Standpoint Research raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Argus reaffirmed a “buy” rating and issued a $175.00 price target (down from $192.00) on shares of International Business Machines Corporation in a report on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $157.41.

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM).

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

Receive News & Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.