New England Asset Management Inc. lowered its holdings in International Business Machines Corporation (NYSE:IBM) by 2.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 19,500 shares of the technology company’s stock after selling 500 shares during the quarter. New England Asset Management Inc.’s holdings in International Business Machines were worth $3,000,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in International Business Machines by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after purchasing an additional 2,241,818 shares in the last quarter. Nordea Investment Management AB increased its position in International Business Machines by 151.2% during the second quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after buying an additional 1,956,033 shares in the last quarter. Janus Henderson Group PLC increased its position in International Business Machines by 1,155.3% during the second quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after buying an additional 1,249,916 shares in the last quarter. BlackRock Inc. increased its position in International Business Machines by 2.4% during the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after buying an additional 1,241,441 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in International Business Machines by 34.4% during the second quarter. Renaissance Technologies LLC now owns 2,720,300 shares of the technology company’s stock worth $418,464,000 after buying an additional 696,600 shares in the last quarter. Institutional investors and hedge funds own 57.26% of the company’s stock.

Shares of International Business Machines Corporation (NYSE:IBM) traded up $0.60 during trading hours on Tuesday, reaching $155.41. 4,102,700 shares of the company’s stock traded hands, compared to its average volume of 4,254,330. 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 has a 52 week low of $139.13 and a 52 week high of $182.79. The firm has a market cap of $143,321.77, a P/E ratio of 11.33, a P/E/G ratio of 2.27 and a beta of 0.94.

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

The company also recently declared a quarterly dividend, which was paid on Saturday, December 9th. Shareholders of record on Friday, November 10th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date was Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is 50.13%.

IBM has been the subject of a number of recent analyst reports. Vetr downgraded International Business Machines from a “strong-buy” rating to a “buy” rating and set a $173.45 price objective for the company. in a research report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and issued a $192.00 price objective on shares of International Business Machines in a research report on Wednesday, August 23rd. ValuEngine upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Drexel Hamilton reiterated a “buy” rating and issued a $200.00 target price on shares of International Business Machines in a report on Tuesday, October 17th. Finally, BMO Capital Markets restated a “market perform” rating and set a $170.00 price objective (up previously from $167.00) on shares of International Business Machines in a research note on Wednesday, October 18th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $159.24.

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International Business Machines 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 (NYSE:IBM)

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