Winslow Asset Management Inc. decreased its position in shares of International Business Machines Corporation (NYSE:IBM) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,695 shares of the technology company’s stock after selling 100 shares during the period. Winslow Asset Management Inc.’s holdings in International Business Machines Corporation were worth $415,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBM. Harbour Capital Advisors LLC lifted its stake in International Business Machines Corporation by 14,730.9% during the 2nd quarter. Harbour Capital Advisors LLC now owns 483,488 shares of the technology company’s stock worth $3,143,000 after acquiring an additional 480,228 shares in the last quarter. Bank of Nova Scotia lifted its stake in International Business Machines Corporation by 668.8% during the 1st quarter. Bank of Nova Scotia now owns 492,007 shares of the technology company’s stock worth $85,677,000 after acquiring an additional 428,011 shares in the last quarter. AQR Capital Management LLC lifted its stake in International Business Machines Corporation by 31.9% during the 1st quarter. AQR Capital Management LLC now owns 1,531,243 shares of the technology company’s stock worth $266,651,000 after acquiring an additional 370,700 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in International Business Machines Corporation by 116.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 500,341 shares of the technology company’s stock worth $76,967,000 after acquiring an additional 269,379 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in International Business Machines Corporation by 70.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock worth $112,830,000 after acquiring an additional 267,588 shares in the last quarter. 57.88% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Winslow Asset Management Inc. Decreases Position in International Business Machines Corporation (IBM)” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.watchlistnews.com/winslow-asset-management-inc-decreases-position-in-international-business-machines-corporation-ibm/1674708.html.

International Business Machines Corporation (NYSE:IBM) last posted 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 company had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The business’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.29 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 50.13%.

International Business Machines Corporation declared that its board has approved a stock buyback plan on Tuesday, October 31st that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Several equities analysts recently issued reports on the company. Wedbush reissued a “neutral” rating and set a $155.00 target price on shares of International Business Machines Corporation in a research note on Wednesday, August 9th. Pivotal Research assumed coverage on International Business Machines Corporation in a research note on Friday, October 27th. They set a “buy” rating and a $180.00 target price on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $160.00 target price on shares of International Business Machines Corporation in a research note on Friday, August 18th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of International Business Machines Corporation in a research note on Wednesday, October 18th. Finally, ValuEngine raised International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the stock. International Business Machines Corporation has an average rating of “Hold” and an average target price of $158.90.

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM).

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

Receive News & Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.