Raymond James Trust N.A. Has $6.34 Million Holdings in International Business Machines Corp. (IBM)

Raymond James Trust N.A. lessened its holdings in shares of International Business Machines Corp. (NYSE:IBM) by 23.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 43,723 shares of the technology company’s stock after selling 13,076 shares during the quarter. Raymond James Trust N.A.’s holdings in International Business Machines were worth $6,343,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Herndon Capital Management LLC lifted its holdings in shares of International Business Machines by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after buying an additional 195 shares during the period. Edge Wealth Management LLC lifted its holdings in shares of International Business Machines by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after buying an additional 40 shares during the period. ETF Managers Group LLC acquired a new stake in shares of International Business Machines in the second quarter valued at $121,000. Peddock Capital Advisors LLC lifted its holdings in shares of International Business Machines by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after buying an additional 62 shares during the period. Finally, Horan Securities Inc. lifted its holdings in shares of International Business Machines 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 period. Institutional investors own 57.13% of the company’s stock.

Several analysts have recently weighed in on IBM shares. UBS Group restated a “neutral” rating and issued a $160.00 price objective (up previously from $152.00) on shares of International Business Machines in a report on Wednesday, October 18th. Jefferies Group restated a “sell” rating and issued a $125.00 price objective on shares of International Business Machines in a report on Thursday, September 21st. Vetr upgraded International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price objective for the company in a report on Wednesday, December 6th. Cantor Fitzgerald restated a “hold” rating and issued a $154.00 price objective on shares of International Business Machines in a report on Friday, October 13th. Finally, ValuEngine lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $159.24.

Shares of International Business Machines Corp. (NYSE:IBM) opened at $152.50 on Monday. The stock has a market capitalization of $142,120.00, a price-to-earnings ratio of 12.73, a PEG ratio of 2.22 and a beta of 0.94. International Business Machines Corp. has a 52-week low of $139.13 and a 52-week high of $182.79. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09.

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, beating the consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. International Business Machines’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.29 earnings per share. research analysts anticipate that International Business Machines Corp. will post 13.8 EPS for the current fiscal year.

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

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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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