Crawford Investment Counsel Inc. Has $3.11 Million Stake in International Business Machines Corporation (IBM)

Crawford Investment Counsel Inc. cut its position in International Business Machines Corporation (NYSE:IBM) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,221 shares of the technology company’s stock after selling 974 shares during the period. Crawford Investment Counsel Inc.’s holdings in International Business Machines were worth $3,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of IBM. Principal Financial Group Inc. raised its position in International Business Machines by 3.8% in the second quarter. Principal Financial Group Inc. now owns 1,420,908 shares of the technology company’s stock valued at $218,579,000 after purchasing an additional 51,433 shares during the period. BKS Advisors LLC raised its position in International Business Machines by 54.7% in the second quarter. BKS Advisors LLC now owns 5,371 shares of the technology company’s stock valued at $826,000 after purchasing an additional 1,900 shares during the period. BSW Wealth Partners raised its position in International Business Machines by 6.3% in the second quarter. BSW Wealth Partners now owns 4,242 shares of the technology company’s stock valued at $652,000 after purchasing an additional 250 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in International Business Machines by 3.1% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 4,101 shares of the technology company’s stock valued at $629,000 after purchasing an additional 122 shares during the period. Finally, Ray Gerald L & Associates Ltd. raised its position in International Business Machines by 5.2% in the second quarter. Ray Gerald L & Associates Ltd. now owns 38,648 shares of the technology company’s stock valued at $5,946,000 after purchasing an additional 1,919 shares during the period. 57.26% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on the company. Tigress Financial restated a “buy” rating on shares of International Business Machines in a research report on Friday. Vetr upgraded International Business Machines from a “buy” rating to a “strong-buy” rating and set a $170.25 price objective on the stock in a report on Monday, November 27th. Royal Bank Of Canada reiterated a “hold” rating and issued a $160.00 price objective on shares of International Business Machines in a report on Wednesday, November 15th. KeyCorp reiterated a “hold” rating on shares of International Business Machines in a report on Friday, November 3rd. Finally, Pivotal Research assumed coverage on International Business Machines in a report on Friday, October 27th. They issued a “buy” rating and a $180.00 price objective on the stock. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $159.12.

International Business Machines Corporation (NYSE:IBM) traded down $1.11 during trading hours on Tuesday, hitting $155.35. The stock had a trading volume of 5,068,043 shares, compared to its average volume of 4,263,785. The firm has a market cap of $144,250.00, a PE ratio of 11.33, a P/E/G ratio of 2.27 and a beta of 0.94. International Business Machines Corporation has a twelve month low of $139.13 and a twelve month 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 announced its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The firm had revenue of $19.15 billion during the quarter, compared to analysts’ expectations 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 revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.29 EPS. research analysts forecast that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be given a $1.50 dividend. The ex-dividend date is Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.86%. International Business Machines’s dividend payout ratio (DPR) is presently 50.08%.

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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)

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