Vigilant Capital Management LLC trimmed its position in shares of International Business Machines Corporation (NYSE:IBM) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,383 shares of the technology company’s stock after selling 15 shares during the quarter. Vigilant Capital Management LLC’s holdings in International Business Machines Corporation were worth $367,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. K.J. Harrison & Partners Inc boosted its position in shares of International Business Machines Corporation by 0.4% in the 1st quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock worth $340,000 after purchasing an additional 7 shares in the last quarter. Arthur M. Cohen & Associates LLC boosted its position in shares of International Business Machines Corporation by 0.5% in the 1st quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock worth $237,000 after purchasing an additional 7 shares in the last quarter. Gilbert & Cook Inc. boosted its position in shares of International Business Machines Corporation by 0.6% in the 1st quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock worth $375,000 after purchasing an additional 12 shares in the last quarter. BSW Wealth Partners boosted its position in shares of International Business Machines Corporation by 0.4% in the 1st quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock worth $695,000 after purchasing an additional 14 shares in the last quarter. Finally, Gilman Hill Asset Management LLC boosted its position in shares of International Business Machines Corporation by 0.4% in the 1st quarter. Gilman Hill Asset Management LLC now owns 3,767 shares of the technology company’s stock worth $656,000 after purchasing an additional 15 shares in the last quarter. 57.88% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Corporation (NYSE:IBM) traded down 0.16% during mid-day trading on Friday, reaching $146.48. 2,623,184 shares of the company were exchanged. The company has a market capitalization of $136.51 billion, a price-to-earnings ratio of 12.16 and a beta of 0.95. The company has a 50 day moving average of $144.33 and a 200-day moving average of $152.97. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. During the same period in the prior year, the business posted $2.95 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts forecast that International Business Machines Corporation will post $13.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were issued a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $6.00 annualized dividend and a dividend yield of 4.10%. International Business Machines Corporation’s dividend payout ratio is currently 49.88%.

A number of analysts have recently commented on the company. ValuEngine raised International Business Machines Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Wedbush reissued a “neutral” rating and issued a $155.00 price target on shares of International Business Machines Corporation in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 price target on shares of International Business Machines Corporation in a research report on Friday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $160.00 price target on shares of International Business Machines Corporation in a research report on Friday, August 18th. Finally, Vetr cut International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 price target on the stock. in a research report on Monday, August 7th. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $157.12.

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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.

Institutional Ownership by Quarter for International Business Machines Corporation (NYSE:IBM)

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