Focused Investors LLC lowered its position in International Business Machines Corporation (NYSE:IBM) by 38.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 473,200 shares of the technology company’s stock after selling 293,500 shares during the period. International Business Machines Corporation comprises 3.1% of Focused Investors LLC’s portfolio, making the stock its 19th largest position. Focused Investors LLC’s holdings in International Business Machines Corporation were worth $72,792,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in IBM. Independence Advisors LLC raised its stake in shares of International Business Machines Corporation by 0.3% in the first quarter. Independence Advisors LLC now owns 1,937 shares of the technology company’s stock worth $337,000 after buying an additional 5 shares during the period. Jackson Grant Investment Advisers Inc. raised its stake in shares of International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock worth $122,000 after buying an additional 6 shares during the period. K.J. Harrison & Partners Inc raised its stake in shares of International Business Machines Corporation by 0.4% in the first quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock worth $340,000 after buying an additional 7 shares during the period. Arthur M. Cohen & Associates LLC raised its stake in shares of International Business Machines Corporation by 0.5% in the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock worth $237,000 after buying an additional 7 shares during the period. Finally, Financial & Investment Management Group Ltd. raised its stake in shares of International Business Machines Corporation by 0.6% in the first quarter. Financial & Investment Management Group Ltd. now owns 1,958 shares of the technology company’s stock worth $341,000 after buying an additional 12 shares during the period. 58.73% of the stock is currently owned by institutional investors.

Shares of International Business Machines Corporation (IBM) traded down 0.0541% during mid-day trading on Thursday, reaching $141.6933. The company had a trading volume of 1,825,958 shares. The company has a market capitalization of $132.05 billion, a price-to-earnings ratio of 11.7598 and a beta of 0.97. The firm’s 50-day moving average is $149.90 and its 200 day moving average is $162.86. International Business Machines Corporation has a 12 month low of $141.19 and a 12 month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last issued its earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.23. The company had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.95 EPS. On average, equities research analysts predict that International Business Machines Corporation will post $13.74 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 9th. Investors of record on Thursday, August 10th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Tuesday, August 8th. International Business Machines Corporation’s payout ratio is presently 49.88%.

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A number of equities research analysts have recently issued reports on the company. Goldman Sachs Group, Inc. (The) cut their target price on International Business Machines Corporation from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $150.00 target price on shares of International Business Machines Corporation in a research report on Wednesday, April 19th. UBS AG reaffirmed a “neutral” rating and set a $167.00 target price (down from $185.00) on shares of International Business Machines Corporation in a research report on Saturday, April 22nd. Wells Fargo & Company reaffirmed a “market perform” rating and set a $162.50 target price on shares of International Business Machines Corporation in a research report on Tuesday, April 25th. Finally, BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Seven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company’s stock. International Business Machines Corporation currently has a consensus rating of “Hold” and a consensus target price of $157.40.

In other International Business Machines Corporation news, Director James W. Owens bought 1,718 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average price of $153.19 per share, for a total transaction of $263,180.42. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.23% of the stock is owned by company insiders.

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.

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

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