Advisor Partners LLC Has $2.34 Million Holdings in International Business Machines Corporation (NYSE:IBM)

Advisor Partners LLC decreased its position in International Business Machines Corporation (NYSE:IBM) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,211 shares of the technology company’s stock after selling 811 shares during the period. Advisor Partners LLC’s holdings in International Business Machines Corporation were worth $2,340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CKW Financial Group lifted its holdings in International Business Machines Corporation by 0.3% in the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after buying an additional 3 shares during the period. K.J. Harrison & Partners Inc increased its stake in shares of International Business Machines Corporation by 0.4% during the first quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock valued at $340,000 after purchasing an additional 7 shares in the last quarter. Arthur M. Cohen & Associates LLC increased its position in shares of International Business Machines Corporation by 0.5% during the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock valued at $237,000 after acquiring an additional 7 shares in the last quarter. Milestone Group Inc. increased its position in shares of International Business Machines Corporation by 0.4% during the second quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock valued at $345,000 after acquiring an additional 8 shares in the last quarter. Finally, Gilbert & Cook Inc. grew its position in International Business Machines Corporation by 0.6% in the 1st quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock worth $375,000 after purchasing an additional 12 shares during the period. 57.83% of the stock is currently owned by institutional investors and hedge funds.

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International Business Machines Corporation (IBM) traded down 0.14% during mid-day trading on Friday, hitting $153.39. The stock had a trading volume of 1,220,988 shares. The firm’s 50-day moving average price is $147.94 and its 200-day moving average price is $150.82. The stock has a market cap of $142.56 billion, a PE ratio of 12.80 and a beta of 0.95. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.29 earnings per share. On average, equities analysts expect that International Business Machines Corporation will post $13.80 earnings per share for the current year.

Several brokerages have recently weighed in on IBM. Cantor Fitzgerald restated a “hold” rating and set a $154.00 target price (down previously from $166.00) on shares of International Business Machines Corporation in a research note on Wednesday, July 19th. Argus reiterated a “buy” rating and set a $175.00 price target (down from $192.00) on shares of International Business Machines Corporation in a report on Friday, July 21st. UBS AG reiterated a “neutral” rating and set a $159.00 price target (down from $167.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price target for the company in a research report on Monday, July 31st. Finally, Wedbush reaffirmed a “neutral” rating and issued a $155.00 price target on shares of International Business Machines Corporation in a research report on Wednesday, August 9th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $158.90.

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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