Stokes & Hubbell Capital Management LLC reduced its position in shares of International Business Machines Corporation (NYSE:IBM) by 24.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,361 shares of the technology company’s stock after selling 5,863 shares during the period. Stokes & Hubbell Capital Management LLC’s holdings in International Business Machines were worth $2,693,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Herndon Capital Management LLC boosted its holdings in shares of International Business Machines by 39.0% during the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after purchasing an additional 195 shares during the last quarter. Edge Wealth Management LLC boosted its holdings in shares of International Business Machines by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after purchasing an additional 40 shares during the last quarter. ETF Managers Group LLC acquired a new position in shares of International Business Machines during the 2nd quarter worth approximately $121,000. Peddock Capital Advisors LLC boosted its holdings in shares of International Business Machines by 7.3% during the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after purchasing an additional 62 shares during the last quarter. Finally, Horan Securities Inc. boosted its holdings in shares of International Business Machines by 845.5% during the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after purchasing an additional 837 shares during the last quarter. Institutional investors own 57.26% of the company’s stock.

IBM has been the topic of several recent research reports. Vetr upgraded International Business Machines from a “hold” rating to a “buy” rating and set a $150.93 target price on the stock in a report on Thursday, August 24th. Stifel Nicolaus restated a “buy” rating and set a $182.00 target price on shares of International Business Machines in a report on Friday, October 6th. ValuEngine upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Drexel Hamilton restated a “buy” rating and set a $200.00 target price on shares of International Business Machines in a report on Tuesday, October 17th. Finally, Pivotal Research initiated coverage on International Business Machines in a report on Friday, October 27th. They set a “buy” rating and a $180.00 target price on the stock. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the company. International Business Machines currently has an average rating of “Hold” and a consensus target price of $159.24.

International Business Machines Corporation (NYSE IBM) opened at $152.50 on Monday. International Business Machines Corporation has a twelve month low of $139.13 and a twelve month high of $182.79. The company has a market capitalization of $141,183.13, a P/E ratio of 11.16, a P/E/G ratio of 2.23 and a beta of 0.94. 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 (NYSE:IBM) last announced its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The company had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.29 earnings per share. equities analysts anticipate that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, December 9th. Shareholders of record on Friday, November 10th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Thursday, November 9th. International Business Machines’s payout ratio is 50.13%.

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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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