O Brien Wealth Partners LLC continued to hold its position in shares of International Business Machines Corporation (NYSE:IBM) during the first quarter, Holdings Channel reports. The firm owned 1,805 shares of the technology company’s stock at the end of the first quarter. International Business Machines Corporation accounts for about 0.2% of O Brien Wealth Partners LLC’s portfolio, making the stock its 28th largest position. O Brien Wealth Partners LLC’s holdings in International Business Machines Corporation were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. CKW Financial Group raised its position in shares of International Business Machines Corporation by 14.8% in the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after buying an additional 121 shares during the period. Grisanti Capital Management LLC raised its position in shares of International Business Machines Corporation by 2.0% in the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after buying an additional 20 shares during the period. Capital Management Associates NY acquired a new position in shares of International Business Machines Corporation during the first quarter worth about $200,000. Chicago Equity Partners LLC acquired a new position in shares of International Business Machines Corporation during the first quarter worth about $207,000. Finally, Retirement Planning Group acquired a new position in shares of International Business Machines Corporation during the first quarter worth about $212,000. Institutional investors and hedge funds own 58.57% of the company’s stock.

Shares of International Business Machines Corporation (IBM) traded down 0.05% on Thursday, reaching $142.43. 584,447 shares of the company traded hands. The company has a market capitalization of $132.74 billion, a PE ratio of 11.82 and a beta of 0.97. International Business Machines Corporation has a 52-week low of $140.58 and a 52-week high of $182.79. The firm has a 50-day moving average of $148.13 and a 200-day moving average of $161.63.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. During the same period last year, the business earned $2.95 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities research analysts forecast that International Business Machines Corporation will post $13.74 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

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A number of equities analysts have recently issued reports on the stock. UBS AG restated a “neutral” rating and set a $167.00 target price (down from $185.00) on shares of International Business Machines Corporation in a research report on Saturday, April 22nd. Wedbush initiated coverage on shares of International Business Machines Corporation in a research report on Thursday, August 3rd. They issued a “neutral” rating and a $155.00 price objective on the stock. Sanford C. Bernstein reiterated a “market perform” rating and issued a $150.00 price objective on shares of International Business Machines Corporation in a research report on Wednesday, August 9th. Vetr lowered shares of International Business Machines Corporation 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. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $165.00 price objective on shares of International Business Machines Corporation in a research report on Wednesday, July 12th. Seven research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $157.40.

International Business Machines Corporation 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 Corporation (NYSE:IBM)

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