Campbell Newman Asset Management Inc. decreased its position in International Business Machines Corporation (NYSE:IBM) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,364 shares of the technology company’s stock after selling 1,086 shares during the quarter. International Business Machines Corporation makes up approximately 2.1% of Campbell Newman Asset Management Inc.’s portfolio, making the stock its 20th largest position. Campbell Newman Asset Management Inc.’s holdings in International Business Machines Corporation were worth $11,747,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of International Business Machines Corporation by 191.2% in the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 2,146 shares of the technology company’s stock worth $374,000 after buying an additional 1,409 shares during the last quarter. Capital One National Association boosted its holdings in shares of International Business Machines Corporation by 10.1% in the 1st quarter. Capital One National Association now owns 20,205 shares of the technology company’s stock worth $3,518,000 after buying an additional 1,855 shares during the last quarter. Eagle Ridge Investment Management purchased a new position in shares of International Business Machines Corporation in the 1st quarter worth about $323,000. Cypress Capital Management LLC purchased a new position in shares of International Business Machines Corporation in the 1st quarter worth about $281,000. Finally, Rhumbline Advisers boosted its holdings in shares of International Business Machines Corporation by 1.1% in the 1st quarter. Rhumbline Advisers now owns 1,514,893 shares of the technology company’s stock worth $263,803,000 after buying an additional 16,827 shares during the last quarter. Hedge funds and other institutional investors own 58.43% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was reported by Watch List News and is owned by of Watch List News. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/international-business-machines-corporation-ibm-stake-lessened-by-campbell-newman-asset-management-inc/1723889.html.

A number of equities analysts recently weighed in on the stock. Vetr raised shares of International Business Machines Corporation from a “buy” rating to a “strong-buy” rating and set a $165.26 price target on the stock in a report on Wednesday, November 15th. Royal Bank Of Canada reissued a “hold” rating and issued a $160.00 price target on shares of International Business Machines Corporation in a report on Wednesday, November 15th. KeyCorp reissued a “hold” rating on shares of International Business Machines Corporation in a report on Friday, November 3rd. Pivotal Research assumed coverage on shares of International Business Machines Corporation in a report on Friday, October 27th. They issued a “buy” rating and a $180.00 price target on the stock. Finally, Berenberg Bank set a $125.00 price target on shares of International Business Machines Corporation and gave the stock a “sell” rating in a report on Wednesday, October 18th. Eight research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. International Business Machines Corporation presently has a consensus rating of “Hold” and a consensus price target of $158.93.

Shares of International Business Machines Corporation (IBM) opened at $151.77 on Friday. The company has a market cap of $140,507.38, a PE ratio of 11.11, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. International Business Machines Corporation has a fifty-two week low of $139.13 and a fifty-two week high of $182.79. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. The business had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The company’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.29 earnings per share. equities research analysts anticipate that International Business Machines Corporation will post 13.8 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 50.13%.

International Business Machines Corporation 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.

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.