Milestone Group Inc. increased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 0.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,244 shares of the technology company’s stock after purchasing an additional 8 shares during the period. Milestone Group Inc.’s holdings in International Business Machines Corporation were worth $345,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. K.J. Harrison & Partners Inc lifted its position in shares of International Business Machines Corporation by 0.4% during the 1st quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock worth $340,000 after purchasing an additional 7 shares during the last quarter. Arthur M. Cohen & Associates LLC raised its holdings in International Business Machines Corporation by 0.5% in the 1st quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock valued at $237,000 after acquiring an additional 7 shares in the last quarter. Gilbert & Cook Inc. raised its holdings in International Business Machines Corporation by 0.6% in the 1st quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock valued at $375,000 after acquiring an additional 12 shares in the last quarter. BSW Wealth Partners raised its holdings in International Business Machines Corporation by 0.4% in the 1st quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock valued at $695,000 after acquiring an additional 14 shares in the last quarter. Finally, Gilman Hill Asset Management LLC raised its holdings in International Business Machines Corporation by 0.4% in the 1st quarter. Gilman Hill Asset Management LLC now owns 3,767 shares of the technology company’s stock valued at $656,000 after acquiring an additional 15 shares in the last quarter. 57.88% of the stock is owned by institutional investors and hedge funds.

International Business Machines Corporation (NYSE:IBM) opened at 146.48 on Thursday. The company has a market capitalization of $136.51 billion, a price-to-earnings ratio of 12.16 and a beta of 0.95. The firm has a 50-day moving average price of $144.04 and a 200-day moving average price of $153.23. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79. International Business Machines Corporation also saw unusually large options trading activity on Monday. Investors purchased 10,093 call options on the stock. This represents an increase of 136% compared to the typical volume of 4,279 call options.

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

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

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IBM has been the subject of several recent research reports. Vetr raised International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.02 price target for the company in a report on Wednesday, June 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $182.00 price target on shares of International Business Machines Corporation in a report on Friday, June 9th. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Cleveland Research initiated coverage on International Business Machines Corporation in a report on Thursday, June 22nd. They issued a “neutral” rating for the company. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $165.00 price target on shares of International Business Machines Corporation in a report on Wednesday, July 12th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $157.12.

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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