Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in International Business Machines Corporation (NYSE:IBM) by 8.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,331 shares of the technology company’s stock after selling 1,415 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in International Business Machines Corporation were worth $2,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Herndon Capital Management LLC boosted its stake in shares of International Business Machines Corporation by 39.0% during the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after buying an additional 195 shares during the period. Edge Wealth Management LLC boosted its stake in shares of International Business Machines Corporation 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 buying an additional 40 shares during the period. Peddock Capital Advisors LLC boosted its stake in shares of International Business Machines Corporation 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 buying an additional 62 shares during the period. Horan Securities Inc. boosted its stake in shares of International Business Machines Corporation by 845.5% during the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after buying an additional 837 shares during the period. Finally, CKW Financial Group boosted its stake in shares of International Business Machines Corporation by 14.8% during the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after buying an additional 121 shares during the period. Institutional investors own 58.25% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/international-business-machines-corporation-ibm-shares-sold-by-loring-wolcott-coolidge-fiduciary-advisors-llp-ma/1699254.html.

Shares of International Business Machines Corporation (NYSE IBM) opened at $149.16 on Monday. International Business Machines Corporation has a 1 year low of $139.13 and a 1 year high of $182.79. The stock has a market cap of $138,091.06, a P/E ratio of 10.92, a P/E/G ratio of 2.18 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The firm had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same quarter last year, the business earned $3.29 earnings per share. International Business Machines Corporation’s revenue was down .4% compared to the same quarter last year. analysts forecast that International Business Machines Corporation will post 13.8 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a yield of 4.02%. International Business Machines Corporation’s dividend payout ratio (DPR) is currently 50.13%.

International Business Machines Corporation declared that its Board of Directors has authorized a share buyback plan on Tuesday, October 31st that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Several equities research analysts have recently weighed in on IBM shares. UBS AG reiterated a “hold” rating and set a $152.00 target price on shares of International Business Machines Corporation in a research note on Tuesday, September 5th. BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Morgan Stanley reiterated an “overweight” rating and set a $192.00 target price on shares of International Business Machines Corporation in a research note on Wednesday, August 23rd. Vetr upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 target price for the company in a research note on Monday, July 31st. Finally, Drexel Hamilton reissued a “buy” rating and set a $200.00 price target on shares of International Business Machines Corporation in a report on Tuesday, July 18th. Eight investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $158.90.

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.

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.