Curbstone Financial Management Corp increased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 110.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,368 shares of the technology company’s stock after purchasing an additional 2,815 shares during the quarter. Curbstone Financial Management Corp’s holdings in International Business Machines Corporation were worth $826,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. K.J. Harrison & Partners Inc increased its position in shares of International Business Machines Corporation by 0.4% during 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 during the last quarter. Arthur M. Cohen & Associates LLC increased its position in shares of International Business Machines Corporation by 0.5% during 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 during the last quarter. Gilbert & Cook Inc. increased its position in shares of International Business Machines Corporation by 0.6% during 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 during the last quarter. BSW Wealth Partners increased its position in shares of International Business Machines Corporation by 0.4% during 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 during the last quarter. Finally, Gilman Hill Asset Management LLC increased its position in shares of International Business Machines Corporation by 0.4% during 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 during the last quarter. 57.94% of the stock is owned by hedge funds and other institutional investors.

Shares of International Business Machines Corporation (NYSE IBM) traded down 0.49% during midday trading on Friday, reaching $144.82. The company’s stock had a trading volume of 7,397,233 shares. The company’s 50-day moving average price is $143.19 and its 200 day moving average price is $156.45. The firm has a market capitalization of $134.96 billion, a PE ratio of 12.02 and a beta of 0.97. 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 released 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 return on equity of 71.53% and a net margin of 14.58%. The company had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter last year, the business posted $2.95 EPS. International Business Machines Corporation’s quarterly revenue 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 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio is presently 49.88%.

A number of brokerages recently issued reports on IBM. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $182.00 target price on shares of International Business Machines Corporation in a research report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $160.00 target price (down from $165.00) on shares of International Business Machines Corporation in a research report on Saturday, July 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $192.00 target price on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Finally, Vetr raised International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 target price for the company in a research report on Monday, June 19th. Seven research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target 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.

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

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