Somerville Kurt F cut its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,260 shares of the technology company’s stock after selling 50 shares during the quarter. Somerville Kurt F’s holdings in International Business Machines Corporation were worth $655,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Personal Capital Advisors Corp increased its holdings in shares of International Business Machines Corporation by 359.2% during the second quarter. Personal Capital Advisors Corp now owns 28,291 shares of the technology company’s stock worth $4,352,000 after purchasing an additional 22,130 shares during the period. Moloney Securities Asset Management LLC increased its holdings in shares of International Business Machines Corporation by 4.7% during the second quarter. Moloney Securities Asset Management LLC now owns 10,206 shares of the technology company’s stock worth $1,570,000 after purchasing an additional 454 shares during the period. Clarkston Capital Partners LLC increased its holdings in shares of International Business Machines Corporation by 17.0% during the second quarter. Clarkston Capital Partners LLC now owns 168,421 shares of the technology company’s stock worth $25,908,000 after purchasing an additional 24,421 shares during the period. Wellington Shields & Co. LLC increased its holdings in shares of International Business Machines Corporation by 3.4% during the second quarter. Wellington Shields & Co. LLC now owns 30,440 shares of the technology company’s stock worth $4,683,000 after purchasing an additional 1,000 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of International Business Machines Corporation by 17.7% during the second quarter. Russell Investments Group Ltd. now owns 640,925 shares of the technology company’s stock worth $98,606,000 after purchasing an additional 96,556 shares during the period. 57.94% of the stock is currently owned by institutional investors.

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A number of research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of International Business Machines Corporation from $192.00 to $182.00 and set a “buy” rating on the stock in a research note on Wednesday, May 24th. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 price objective on the stock in a research note on Monday, July 10th. Drexel Hamilton reissued a “buy” rating and issued a $200.00 price objective 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 issued a $175.00 price objective (down from $192.00) on shares of International Business Machines Corporation in a research note on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $157.12.

International Business Machines Corporation (NYSE:IBM) traded up 1.59% during trading on Monday, reaching $144.71. 2,205,561 shares of the company traded hands. The firm’s 50 day moving average price is $143.16 and its 200 day moving average price is $157.38. 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 capitalization of $134.86 billion, a price-to-earnings ratio of 12.01 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. The business had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. International Business Machines Corporation’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business earned $2.95 EPS. Equities research analysts expect that International Business Machines Corporation will post $13.77 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were paid a dividend of $1.50 per share. The ex-dividend date was Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.21%. International Business Machines Corporation’s dividend payout ratio is currently 49.88%.

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.

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

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