International Business Machines Corp. (IBM) Shares Sold by Cetera Advisors LLC

Cetera Advisors LLC trimmed its holdings in International Business Machines Corp. (NYSE:IBM) by 2.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,788 shares of the technology company’s stock after selling 484 shares during the quarter. Cetera Advisors LLC’s holdings in International Business Machines were worth $2,445,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IBM. Vanguard Group Inc. boosted its holdings in shares of International Business Machines by 3.7% in the second 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. boosted its holdings in shares of International Business Machines by 2.4% in the second 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. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of International Business Machines by 4.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,242,553 shares of the technology company’s stock valued at $763,790,000 after acquiring an additional 216,212 shares during the period. Legal & General Group Plc boosted its holdings in shares of International Business Machines by 2.5% in the third quarter. Legal & General Group Plc now owns 4,929,973 shares of the technology company’s stock valued at $715,252,000 after acquiring an additional 119,747 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of International Business Machines by 3.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 4,826,502 shares of the technology company’s stock valued at $700,229,000 after acquiring an additional 175,289 shares during the period. 57.08% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Corp. (NYSE IBM) opened at $150.75 on Wednesday. The stock has a market capitalization of $139,560.00, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. International Business Machines Corp. has a 52-week low of $139.13 and a 52-week high of $182.79.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.17 by $0.01. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The firm had revenue of $22.54 billion during the quarter, compared to analysts’ expectations of $22.03 billion. During the same quarter in the prior year, the business posted $5.01 earnings per share. International Business Machines’s revenue was up 3.6% compared to the same quarter last year. equities analysts expect that International Business Machines Corp. will post 13.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Friday, February 9th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 98.20%.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded International Business Machines from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. BMO Capital Markets restated a “hold” rating and set a $175.00 price target on shares of International Business Machines in a research note on Thursday, January 11th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $167.00 price target on International Business Machines and gave the stock a “neutral” rating in a research note on Friday, January 19th. Pivotal Research set a $180.00 price target on International Business Machines and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, UBS Group restated a “neutral” rating and set a $160.00 price target (up previously from $152.00) on shares of International Business Machines in a research note on Wednesday, October 18th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $164.37.

In other news, Director Frederick H. Waddell purchased 610 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was acquired at an average price of $163.38 per share, for a total transaction of $99,661.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.23% of the company’s stock.

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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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