International Business Machines Corporation (IBM) Position Maintained by Glenview State Bank Trust DEPT.

Glenview State Bank Trust DEPT. held its position in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,926 shares of the technology company’s stock at the end of the second quarter. Glenview State Bank Trust DEPT.’s holdings in International Business Machines Corporation were worth $1,219,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. bought a new position in International Business Machines Corporation during the fourth quarter valued at $117,000. Jackson Grant Investment Advisers Inc. boosted its position in International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock valued at $122,000 after buying an additional 6 shares during the last quarter. Horan Securities Inc. boosted its position in 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 during the last quarter. Proficio Capital Partners LLC boosted its position in 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 during the last quarter. Finally, CKW Financial Group boosted its position in 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 during the last quarter. 58.73% of the stock is owned by institutional investors.

Shares of International Business Machines Corporation (NYSE IBM) remained flat at $141.84 during mid-day trading on Friday. 3,004,360 shares of the company were exchanged. The stock’s 50 day moving average price is $149.20 and its 200-day moving average price is $162.50. International Business Machines Corporation has a one year low of $141.19 and a one year high of $182.79. The stock has a market cap of $132.19 billion, a price-to-earnings ratio of 11.77 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last posted 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. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. During the same period last year, the firm posted $2.95 EPS. International Business Machines Corporation’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities analysts forecast that International Business Machines Corporation will post $13.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Investors of record on Thursday, August 10th will be given a $1.50 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.23%. International Business Machines Corporation’s dividend payout ratio (DPR) is 49.88%.

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A number of equities analysts have commented on IBM shares. Jefferies Group LLC set a $135.00 price objective on shares of International Business Machines Corporation and gave the stock a “sell” rating in a research note on Friday, May 19th. Drexel Hamilton reissued a “buy” rating and issued a $200.00 price objective (down from $215.00) on shares of International Business Machines Corporation in a research note on Saturday, April 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. Bank of America Corporation restated a “buy” rating and issued a $180.00 target price (down previously from $185.00) on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Finally, TheStreet lowered shares of International Business Machines Corporation to a “hold” rating in a report on Friday, April 21st. Seven analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $157.40.

In other news, Director James W. Owens acquired 1,718 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were purchased at an average cost of $153.19 per share, for a total transaction of $263,180.42. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.23% of the company’s stock.

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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