Town & Country Bank & Trust CO dba First Bankers Trust CO lowered its position in International Business Machines Corporation (NYSE:IBM) by 0.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,136 shares of the technology company’s stock after selling 79 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in International Business Machines Corporation were worth $1,713,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of IBM. State Street Corp increased its stake in shares of International Business Machines Corporation by 0.4% during the first quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock worth $8,915,788,000 after purchasing an additional 181,993 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of International Business Machines Corporation by 5.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 4,516,351 shares of the technology company’s stock worth $786,478,000 after purchasing an additional 215,180 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of International Business Machines Corporation by 1.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,719,932 shares of the technology company’s stock worth $473,649,000 after purchasing an additional 34,936 shares in the last quarter. LSV Asset Management increased its stake in shares of International Business Machines Corporation by 2.3% during the first quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock worth $449,003,000 after purchasing an additional 59,030 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of International Business Machines Corporation by 0.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,917,559 shares of the technology company’s stock worth $333,924,000 after purchasing an additional 13,592 shares in the last quarter. Institutional investors and hedge funds own 57.88% of the company’s stock.

Shares of International Business Machines Corporation (NYSE IBM) traded down 0.18% during midday trading on Friday, hitting $146.46. 738,273 shares of the stock were exchanged. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The firm has a market cap of $136.49 billion, a P/E ratio of 12.16 and a beta of 0.95. The firm has a 50 day moving average of $144.16 and a 200 day moving average of $153.18.

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 for the quarter, compared to analysts’ expectations of $19.45 billion. During the same period in the previous year, the company posted $2.95 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts forecast that International Business Machines Corporation will post $13.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.09%. International Business Machines Corporation’s payout ratio is currently 49.88%.

IBM has been the subject of a number of research reports. Stifel Nicolaus reissued a “buy” rating and set a $182.00 target price on shares of International Business Machines Corporation in a research note on Friday, June 9th. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 target price for the company in a research note on Monday, July 10th. Drexel Hamilton reissued a “buy” rating and set a $200.00 target price on shares of International Business Machines Corporation in a research note on Tuesday, July 18th. Standpoint Research raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Argus reissued a “buy” rating and set a $175.00 target price (down previously from $192.00) on shares of International Business Machines Corporation in a research note on Friday, July 21st. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $157.12.

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About International Business Machines Corporation

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 Corporation (NYSE:IBM)

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