Financial Counselors Inc. Sells 7,060 Shares of International Business Machines Corporation (IBM)

Financial Counselors Inc. lessened its stake in shares of International Business Machines Corporation (NYSE:IBM) by 11.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,932 shares of the technology company’s stock after selling 7,060 shares during the period. Financial Counselors Inc.’s holdings in International Business Machines were worth $8,143,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. SeaBridge Investment Advisors LLC increased its stake in shares of International Business Machines by 18.9% in the 2nd 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 increased its stake in shares of International Business Machines by 9.8% in the 1st 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 increased its stake in shares of International Business Machines by 14.8% in the 1st 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. increased its stake in shares of International Business Machines by 10.9% in the 2nd 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 increased its stake in shares of International Business Machines by 0.6% in the 2nd 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. Institutional investors own 57.26% of the company’s stock.

Several equities analysts have recently issued reports on the company. Berenberg Bank set a $125.00 price target on International Business Machines and gave the company a “sell” rating in a research note on Wednesday, October 18th. Vetr lowered International Business Machines from a “buy” rating to a “hold” rating and set a $160.68 price target on the stock. in a research note on Thursday, October 19th. Tigress Financial reiterated a “buy” rating on shares of International Business Machines in a research note on Friday. Pivotal Research assumed coverage on International Business Machines in a report on Friday, October 27th. They set a “buy” rating and a $180.00 price objective on the stock. Finally, KeyCorp reissued a “hold” rating on shares of International Business Machines in a report on Friday, November 3rd. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $159.12.

Shares of International Business Machines Corporation (NYSE IBM) traded up $1.62 on Monday, reaching $156.38. The company’s stock had a trading volume of 2,309,255 shares, compared to its average volume of 4,258,591. The firm has a market cap of $143,275.48, a P/E ratio of 11.33, a PEG ratio of 2.27 and a beta of 0.94. International Business Machines Corporation has a 52-week low of $139.13 and a 52-week high of $182.79. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.29 EPS. equities research analysts forecast that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines’s payout ratio is presently 50.13%.

TRADEMARK VIOLATION NOTICE: “Financial Counselors Inc. Sells 7,060 Shares of International Business Machines Corporation (IBM)” was published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.com-unik.info/2017/12/04/financial-counselors-inc-sells-7060-shares-of-international-business-machines-corporation-ibm.html.

International Business Machines 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 (NYSE:IBM)

What are top analysts saying about International Business Machines Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for International Business Machines Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit