Rikoon Group LLC cut its position in International Business Machines Corporation (NYSE:IBM) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,787 shares of the technology company’s stock after selling 200 shares during the quarter. International Business Machines comprises approximately 1.5% of Rikoon Group LLC’s holdings, making the stock its 13th biggest position. Rikoon Group LLC’s holdings in International Business Machines were worth $3,351,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in International Business Machines by 3.7% during the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after purchasing an additional 2,241,818 shares during the period. BlackRock Inc. boosted its position in International Business Machines by 2.4% during the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after purchasing an additional 1,241,441 shares during the period. Schwab Charles Investment Management Inc. boosted its position in International Business Machines by 3.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock worth $715,497,000 after purchasing an additional 134,862 shares during the period. Swiss National Bank boosted its position in International Business Machines by 2.9% during the second quarter. Swiss National Bank now owns 3,534,977 shares of the technology company’s stock worth $543,786,000 after purchasing an additional 100,700 shares during the period. Finally, Nordea Investment Management AB boosted its position in International Business Machines by 151.2% during the second quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after purchasing an additional 1,956,033 shares during the period. 57.26% of the stock is owned by institutional investors and hedge funds.

International Business Machines Corporation (NYSE IBM) traded down $2.83 during mid-day trading on Thursday, reaching $153.91. The company had a trading volume of 5,661,600 shares, compared to its average volume of 4,268,807. The firm has a market capitalization of $145,108.56, a P/E ratio of 11.47, a PEG ratio of 2.30 and a beta of 0.94. International Business Machines Corporation has a fifty-two week low of $139.13 and a fifty-two week high of $182.79. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. The business had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. International Business Machines’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.29 earnings per share. analysts anticipate that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, December 9th. Investors of record on Friday, November 10th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date was Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is presently 50.13%.

A number of equities analysts have commented on IBM shares. UBS reaffirmed a “neutral” rating and set a $160.00 price objective (up from $152.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Jefferies Group reaffirmed a “sell” rating and set a $125.00 price objective on shares of International Business Machines in a research report on Thursday, September 21st. Vetr raised shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 target price for the company in a research report on Wednesday, December 6th. Cantor Fitzgerald reissued a “hold” rating and issued a $154.00 target price on shares of International Business Machines in a research report on Friday, October 13th. Finally, ValuEngine cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $159.24.

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International Business Machines 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 (NYSE:IBM)

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