Glenview State Bank Trust DEPT. Maintains Stake in International Business Machines Corporation (IBM)

Glenview State Bank Trust DEPT. continued to hold its position in shares of International Business Machines Corporation (NYSE:IBM) during the second quarter, according to its most recent filing with the SEC. The firm 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 SEC filing.

Several other institutional investors have also made changes to their positions in IBM. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of International Business Machines Corporation during the fourth quarter valued at approximately $117,000. Jackson Grant Investment Advisers Inc. boosted its position in shares of 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 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 during the last quarter. Proficio Capital Partners LLC boosted 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 during the last quarter. Finally, CKW Financial Group boosted 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 during the last quarter. 58.57% of the stock is currently owned by institutional investors.

Shares of International Business Machines Corporation (IBM) traded down 0.71% during trading on Friday, reaching $139.70. 4,152,714 shares of the company were exchanged. International Business Machines Corporation has a one year low of $139.58 and a one year high of $182.79. The stock has a market capitalization of $130.19 billion, a price-to-earnings ratio of 11.59 and a beta of 0.97. The company has a 50 day moving average price of $147.30 and a 200-day moving average price of $161.22.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. During the same quarter last year, the business earned $2.95 earnings per share. International Business Machines Corporation’s revenue was down 4.7% on a year-over-year basis. Equities analysts predict that International Business Machines Corporation will post $13.77 EPS for the current year.

The business also recently declared 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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Tuesday, August 8th. International Business Machines Corporation’s payout ratio is currently 49.88%.

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Several brokerages have commented on IBM. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $160.00 target price on shares of International Business Machines Corporation in a report on Friday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $150.00 target price on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Wedbush reiterated a “neutral” rating and issued a $155.00 target price on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Vetr cut shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 target price for the company. in a report on Monday, August 7th. Finally, BidaskClub cut shares of International Business Machines Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Seven investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $157.40.

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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