Flagship Harbor Advisors LLC Boosts Position in International Business Machines Corp. (IBM)

Flagship Harbor Advisors LLC increased its stake in International Business Machines Corp. (NYSE:IBM) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,539 shares of the technology company’s stock after purchasing an additional 466 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in International Business Machines were worth $1,700,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IBM. Vanguard Group Inc. raised its holdings in International Business Machines by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after acquiring an additional 2,241,818 shares during the period. BlackRock Inc. raised its holdings in International Business Machines by 2.4% during the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after acquiring an additional 1,241,441 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in International Business Machines by 3.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock valued at $715,497,000 after acquiring an additional 134,862 shares during the period. Swiss National Bank raised its holdings in International Business Machines by 2.9% during the 2nd quarter. Swiss National Bank now owns 3,534,977 shares of the technology company’s stock valued at $543,786,000 after acquiring an additional 100,700 shares during the period. Finally, Nordea Investment Management AB raised its holdings in International Business Machines by 151.2% during the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after acquiring an additional 1,956,033 shares during the period. 57.13% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of International Business Machines from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Vetr cut shares of International Business Machines from a “strong-buy” rating to a “buy” rating and set a $173.45 target price on the stock. in a report on Tuesday, December 12th. Tigress Financial reissued a “buy” rating on shares of International Business Machines in a report on Friday, December 1st. Royal Bank of Canada reissued a “hold” rating and set a $160.00 target price on shares of International Business Machines in a report on Wednesday, November 15th. Finally, KeyCorp reissued a “hold” rating on shares of International Business Machines in a report on Friday, November 3rd. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the stock. International Business Machines presently has an average rating of “Hold” and a consensus price target of $159.24.

International Business Machines Corp. (IBM) opened at $152.50 on Friday. International Business Machines Corp. has a 1 year low of $139.13 and a 1 year high of $182.79. The stock has a market cap of $142,120.00, a price-to-earnings ratio of 12.73, a P/E/G ratio of 2.22 and a beta of 0.94. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.02. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The company had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. During the same period in the previous year, the business earned $3.29 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. analysts predict that International Business Machines Corp. will post 13.8 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, December 9th. Investors of record on Friday, November 10th were given a $1.50 dividend. The ex-dividend date was Thursday, November 9th. This represents a $6.00 annualized dividend and a yield of 3.93%. International Business Machines’s dividend payout ratio (DPR) is presently 50.08%.

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International Business Machines 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.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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