Beck Mack & Oliver LLC trimmed its holdings in International Business Machines Corporation (NYSE:IBM) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,655 shares of the technology company’s stock after selling 808 shares during the quarter. Beck Mack & Oliver LLC’s holdings in International Business Machines Corporation were worth $7,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in IBM. Howe & Rusling Inc. lifted its stake in shares of International Business Machines Corporation by 425.7% in the 1st quarter. Howe & Rusling Inc. now owns 46,770 shares of the technology company’s stock valued at $8,145,000 after purchasing an additional 37,874 shares during the period. Beese Fulmer Investment Management Inc. lifted its stake in shares of International Business Machines Corporation by 1.4% in the 1st quarter. Beese Fulmer Investment Management Inc. now owns 24,836 shares of the technology company’s stock valued at $4,325,000 after purchasing an additional 349 shares during the period. Howland Capital Management LLC lifted its stake in shares of International Business Machines Corporation by 0.3% in the 1st quarter. Howland Capital Management LLC now owns 15,335 shares of the technology company’s stock valued at $2,670,000 after purchasing an additional 46 shares during the period. Reilly Financial Advisors LLC lifted its stake in shares of International Business Machines Corporation by 9.1% in the 1st quarter. Reilly Financial Advisors LLC now owns 1,551 shares of the technology company’s stock valued at $270,000 after purchasing an additional 129 shares during the period. Finally, Donald L. Hagan LLC lifted its stake in shares of International Business Machines Corporation by 0.6% in the 1st quarter. Donald L. Hagan LLC now owns 5,590 shares of the technology company’s stock valued at $973,000 after purchasing an additional 34 shares during the period. 57.87% of the stock is currently owned by institutional investors.

IBM has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued a “hold” rating and issued a $180.00 price objective on shares of International Business Machines Corporation in a research note on Tuesday, May 23rd. Stifel Nicolaus dropped their price objective on International Business Machines Corporation from $192.00 to $182.00 and set a “buy” rating on the stock in a research note on Wednesday, May 24th. Vetr raised International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.02 target price for the company in a research report on Wednesday, June 7th. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Cleveland Research began coverage on International Business Machines Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating for the company. Seven equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the stock. International Business Machines Corporation has a consensus rating of “Hold” and a consensus price target of $157.12.

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International Business Machines Corporation (IBM) opened at 144.39 on Wednesday. The company has a 50-day moving average price of $143.19 and a 200 day moving average price of $155.58. 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 $134.56 billion, a P/E ratio of 11.98 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last posted 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. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter in the previous year, the firm posted $2.95 EPS. The firm’s revenue was down 4.7% on a year-over-year basis. Equities analysts expect that International Business Machines Corporation will post $13.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

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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