International Business Machines Corporation (IBM) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC lowered its position in International Business Machines Corporation (NYSE:IBM) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,048 shares of the technology company’s stock after selling 225 shares during the period. Ballentine Partners LLC’s holdings in International Business Machines Corporation were worth $1,053,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Jacobi Capital Management LLC raised its stake in shares of International Business Machines Corporation by 20.6% in the first quarter. Jacobi Capital Management LLC now owns 3,646 shares of the technology company’s stock worth $630,000 after buying an additional 623 shares during the last quarter. Ullmann Financial Group Inc. bought a new stake in shares of International Business Machines Corporation during the first quarter worth approximately $354,000. Proficio Capital Partners LLC raised its stake 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 worth $146,000 after buying an additional 441 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of International Business Machines Corporation by 0.3% in the first quarter. Public Employees Retirement System of Ohio now owns 598,310 shares of the technology company’s stock worth $104,190,000 after buying an additional 1,911 shares during the last quarter. Finally, Boston Common Asset Management LLC raised its stake in shares of International Business Machines Corporation by 7.0% in the first quarter. Boston Common Asset Management LLC now owns 2,462 shares of the technology company’s stock worth $429,000 after buying an additional 162 shares during the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.

International Business Machines Corporation (NYSE:IBM) traded down 0.54% during mid-day trading on Friday, reaching $139.94. 1,591,860 shares of the company’s stock were exchanged. International Business Machines Corporation has a 52-week low of $139.58 and a 52-week high of $182.79. The company has a 50-day moving average of $147.71 and a 200-day moving average of $161.48. The stock has a market cap of $130.42 billion, a price-to-earnings ratio of 11.61 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 (EPS) for the quarter, topping 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 business had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter last year, the company posted $2.95 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities research analysts anticipate that International Business Machines Corporation will post $13.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Investors of record on Thursday, August 10th will be issued a dividend of $1.50 per share. The ex-dividend date is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.26%. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

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A number of brokerages recently commented on IBM. Sanford C. Bernstein restated a “market perform” rating and set a $150.00 price objective on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Wedbush restated a “neutral” rating and set a $155.00 price objective on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Vetr lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 price objective on the stock. in a report on Monday, August 7th. BidaskClub lowered shares of International Business Machines Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, UBS AG restated a “neutral” rating and set a $159.00 price objective (down from $167.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Seven equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $157.40.

About International Business Machines Corporation

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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