Mayo Investment Advisers LLC reduced its position in International Business Machines Corporation (NYSE:IBM) by 56.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,500 shares of the technology company’s stock after selling 3,300 shares during the period. Mayo Investment Advisers LLC’s holdings in International Business Machines were worth $385,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. CKW Financial Group increased its position in shares of International Business Machines by 0.3% in the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after acquiring an additional 3 shares in the last quarter. Arthur M. Cohen & Associates LLC grew its position in International Business Machines by 0.5% during the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock valued at $237,000 after purchasing an additional 7 shares in the last quarter. Milestone Group Inc. grew its position in International Business Machines by 0.4% during the second quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock valued at $345,000 after purchasing an additional 8 shares in the last quarter. Gilbert & Cook Inc. grew its position in International Business Machines by 0.6% during the first quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock valued at $375,000 after purchasing an additional 12 shares in the last quarter. Finally, BSW Wealth Partners grew its position in International Business Machines by 0.4% during the first quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock valued at $695,000 after purchasing an additional 14 shares in the last quarter. 57.31% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on IBM shares. Wedbush started coverage on shares of International Business Machines in a research report on Thursday, August 3rd. They set a “neutral” rating and a $155.00 price objective on the stock. Vetr downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $150.68 price objective on the stock. in a research report on Monday, August 7th. Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 target price on shares of International Business Machines in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $160.00 target price on shares of International Business Machines in a research report on Friday, August 18th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $192.00 target price on shares of International Business Machines in a research report on Wednesday, August 23rd. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. International Business Machines has a consensus rating of “Hold” and an average target price of $159.12.

Shares of International Business Machines Corporation (IBM) traded up $0.79 during trading on Friday, hitting $154.76. 5,567,598 shares of the stock were exchanged, compared to its average volume of 4,258,424. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. International Business Machines Corporation has a twelve month low of $139.13 and a twelve month high of $182.79. The firm has a market capitalization of $143,280.00, a PE ratio of 11.16, a price-to-earnings-growth ratio of 2.23 and a beta of 0.94.

International Business Machines (NYSE:IBM) last released its earnings results 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 firm had revenue of $19.15 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $3.29 EPS. equities research analysts anticipate that International Business Machines Corporation will post 13.8 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.88%. The ex-dividend date is Thursday, November 9th. International Business Machines’s payout ratio is currently 50.08%.

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About International Business Machines

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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