International Business Machines Corporation (NYSE:IBM) Position Decreased by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its stake in shares of International Business Machines Corporation (NYSE:IBM) by 5.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 238,752 shares of the technology company’s stock after selling 13,057 shares during the period. International Business Machines Corporation makes up approximately 0.6% of Advisors Asset Management Inc.’s portfolio, making the stock its 15th biggest holding. Advisors Asset Management Inc.’s holdings in International Business Machines Corporation were worth $36,727,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. CKW Financial Group increased its holdings in shares of 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 purchasing an additional 3 shares during the period. Arthur M. Cohen & Associates LLC grew its position in International Business Machines Corporation by 0.5% in the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock worth $237,000 after acquiring an additional 7 shares in the last quarter. Milestone Group Inc. boosted its position in 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 buying an additional 8 shares during the period. Gilbert & Cook Inc. boosted its position in International Business Machines Corporation by 0.6% during the first quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock valued at $375,000 after buying an additional 12 shares during the period. Finally, BSW Wealth Partners boosted its position in International Business Machines Corporation by 0.4% during the first quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock valued at $695,000 after buying an additional 14 shares during the period. Institutional investors and hedge funds own 58.35% of the company’s stock.

Several equities analysts have recently commented on the stock. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Royal Bank of Canada reiterated a “hold” rating on shares of International Business Machines Corporation in a report on Friday, October 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $182.00 price target on shares of International Business Machines Corporation in a report on Friday, July 21st. Morgan Stanley reiterated an “overweight” rating and issued a $192.00 price target on shares of International Business Machines Corporation in a report on Wednesday, August 23rd. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $170.00 price target (up from $167.00) on shares of International Business Machines Corporation in a report on Wednesday, October 18th. Eight analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the company. International Business Machines Corporation has an average rating of “Hold” and an average target price of $158.90.

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Shares of International Business Machines Corporation (NYSE IBM) traded down $1.14 during trading on Friday, reaching $149.16. 4,306,900 shares of the company’s stock were exchanged, compared to its average volume of 4,246,044. The firm has a market cap of $139,146.45, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 2.20 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 Corporation has a twelve month low of $139.13 and a twelve month 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 (EPS) for the quarter, topping the Zacks’ 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 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 period in the prior year, the firm posted $3.29 earnings per share. equities research analysts anticipate that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

International Business Machines Corporation announced that its board has initiated a stock buyback program on Tuesday, October 31st that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines Corporation’s payout ratio is currently 50.13%.

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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