Neville Rodie & Shaw Inc. lowered its position in shares of International Business Machines Corporation (NYSE:IBM) by 0.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,348 shares of the technology company’s stock after selling 355 shares during the period. Neville Rodie & Shaw Inc.’s holdings in International Business Machines were worth $9,626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBM. Herndon Capital Management LLC grew its position in shares of International Business Machines by 39.0% during the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after buying an additional 195 shares in the last quarter. Edge Wealth Management LLC grew its position in shares of International Business Machines by 5.6% during the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after buying an additional 40 shares in the last quarter. ETF Managers Group LLC acquired a new stake in shares of International Business Machines during the second quarter worth approximately $121,000. Peddock Capital Advisors LLC grew its position in shares of International Business Machines by 7.3% during the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after buying an additional 62 shares in the last quarter. Finally, Horan Securities Inc. grew its position in shares of International Business Machines by 845.5% during the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after buying an additional 837 shares in the last quarter. Institutional investors own 57.26% of the company’s stock.

Shares of International Business Machines Corporation (IBM) opened at $152.50 on Friday. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. The firm has a market cap of $141,183.13, a PE ratio of 11.16, a P/E/G ratio of 2.23 and a beta of 0.94.

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

The business also recently disclosed a quarterly dividend, which was paid on Saturday, December 9th. Investors of record on Friday, November 10th were paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Thursday, November 9th. International Business Machines’s dividend payout ratio is currently 50.13%.

A number of analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “hold” rating on shares of International Business Machines in a research report on Friday, October 13th. BidaskClub raised shares of International Business Machines from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $192.00 price objective on shares of International Business Machines in a report on Wednesday, August 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $170.00 price objective (up previously from $167.00) on shares of International Business Machines in a report on Wednesday, October 18th. Finally, Citigroup lifted their price objective on shares of International Business Machines from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 18th. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $159.24.

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International Business Machines 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 (NYSE:IBM)

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