Lourd Capital LLC cut its stake in International Business Machines Corporation (NYSE:IBM) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,315 shares of the technology company’s stock after selling 497 shares during the quarter. International Business Machines Corporation makes up approximately 0.7% of Lourd Capital LLC’s investment portfolio, making the stock its 9th largest position. Lourd Capital LLC’s holdings in International Business Machines Corporation were worth $7,278,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Horan Securities Inc. increased its position in shares of International Business Machines Corporation by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after buying an additional 837 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of International Business Machines Corporation by 85.1% in the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock valued at $146,000 after buying an additional 441 shares in the last quarter. CKW Financial Group increased 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 valued at $163,000 after buying an additional 121 shares in the last quarter. Grisanti Capital Management LLC increased 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 valued at $179,000 after buying an additional 20 shares in the last quarter. Finally, Capital Management Associates NY purchased a new stake in shares of International Business Machines Corporation in the first quarter valued at approximately $200,000. 57.88% of the stock is owned by institutional investors.

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A number of analysts have recently commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a research report on Friday. ValuEngine upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Jefferies Group LLC restated a “sell” rating and issued a $125.00 price objective on shares of International Business Machines Corporation in a research report on Thursday, September 21st. UBS AG restated a “hold” rating and issued a $152.00 price objective on shares of International Business Machines Corporation in a research report on Tuesday, September 5th. Finally, BidaskClub upgraded International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $157.12.

International Business Machines Corporation (NYSE:IBM) opened at 146.48 on Friday. The firm has a market cap of $136.51 billion, a price-to-earnings ratio of 12.16 and a beta of 0.95. The stock has a 50 day moving average price of $144.33 and a 200 day moving average price of $152.97. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the Zacks’ consensus estimate of $2.74 by $0.23. The business had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.95 earnings per share. Equities research analysts expect that International Business Machines Corporation will post $13.76 EPS for the current year.

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

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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