International Business Machines Co. (IBM) Shares Sold by Front Street Capital Management Inc.

Front Street Capital Management Inc. reduced its position in International Business Machines Co. (NYSE:IBM) by 5.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,789 shares of the technology company’s stock after selling 362 shares during the quarter. Front Street Capital Management Inc.’s holdings in International Business Machines were worth $891,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. SeaBridge Investment Advisors LLC grew its holdings in shares of International Business Machines by 18.9% during the second quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock valued at $11,817,000 after purchasing an additional 12,236 shares during the last quarter. Intellectus Partners LLC grew its holdings in shares of International Business Machines by 9.8% during the first quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock valued at $2,929,000 after purchasing an additional 1,496 shares during the last quarter. CKW Financial Group grew its holdings in shares of International Business Machines by 14.8% during the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after purchasing an additional 121 shares during the last quarter. Argus Investors Counsel Inc. grew its holdings in shares of International Business Machines by 10.9% during the second quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock valued at $4,134,000 after purchasing an additional 2,651 shares during the last quarter. Finally, SOL Capital Management CO grew its holdings in shares of International Business Machines by 0.6% during the second quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock valued at $1,167,000 after purchasing an additional 45 shares during the last quarter. 58.43% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on IBM shares. Wedbush reiterated a “neutral” rating and set a $155.00 price objective on shares of International Business Machines in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “hold” rating and set a $160.00 price objective on shares of International Business Machines in a research report on Wednesday, November 15th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of International Business Machines in a research report on Wednesday, October 18th. ValuEngine upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $154.00 price objective on shares of International Business Machines in a research report on Friday, October 13th. Eight investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $158.93.

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International Business Machines Co. (NYSE:IBM) opened at $150.51 on Tuesday. International Business Machines Co. has a one year low of $139.13 and a one year high of $182.79. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The firm has a market cap of $139,340.00, a price-to-earnings ratio of 10.91, a PEG ratio of 2.18 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.02. International Business Machines had a net margin of 14.23% and a return on equity of 57.48%. The business had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same period in the prior year, the business posted $3.29 earnings per share. International Business Machines’s revenue for the quarter was down .4% compared to the same quarter last year. research analysts predict that International Business Machines Co. will post 13.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is presently 50.08%.

About International Business Machines

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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