International Business Machines Corp. (IBM) Position Cut by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX trimmed its stake in International Business Machines Corp. (NYSE:IBM) by 13.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 136,901 shares of the technology company’s stock after selling 21,372 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in International Business Machines were worth $21,003,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in IBM. Hugh Johnson Advisors LLC grew its stake in International Business Machines by 0.9% during the second quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock worth $216,000 after buying an additional 12 shares during the period. Rench Wealth Management Inc. grew its stake in International Business Machines by 1.0% during the second quarter. Rench Wealth Management Inc. now owns 1,486 shares of the technology company’s stock worth $229,000 after buying an additional 14 shares during the period. Altavista Wealth Management Inc. grew its stake in International Business Machines by 0.7% during the second quarter. Altavista Wealth Management Inc. now owns 2,193 shares of the technology company’s stock worth $337,000 after buying an additional 15 shares during the period. Good Life Advisors LLC grew its stake in International Business Machines by 0.6% during the second quarter. Good Life Advisors LLC now owns 2,953 shares of the technology company’s stock worth $454,000 after buying an additional 17 shares during the period. Finally, Armor Investment Advisors LLC grew its stake in International Business Machines by 0.4% during the second quarter. Armor Investment Advisors LLC now owns 4,624 shares of the technology company’s stock worth $711,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 57.08% of the company’s stock.

Several research firms have issued reports on IBM. Cantor Fitzgerald reiterated a “hold” rating and set a $152.00 price objective on shares of International Business Machines in a research note on Friday, January 19th. Zacks Investment Research downgraded shares of International Business Machines from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. JPMorgan Chase & Co. set a $167.00 price objective on shares of International Business Machines and gave the stock a “neutral” rating in a research note on Friday, January 19th. Vetr upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $164.53 price objective for the company in a research note on Tuesday, October 24th. Finally, Goldman Sachs Group set a $170.00 price objective on shares of International Business Machines and gave the stock a “neutral” rating in a research note on Friday, January 19th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $164.37.

Shares of International Business Machines Corp. (NYSE IBM) opened at $156.18 on Friday. The stock has a market cap of $144,590.03, a price-to-earnings ratio of 11.29, a P/E/G ratio of 2.28 and a beta of 0.94. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. International Business Machines Corp. has a twelve month low of $139.13 and a twelve month high of $182.55.

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

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.00 annualized dividend and a yield of 3.84%. International Business Machines’s dividend payout ratio is presently 98.20%.

In related news, Director Frederick H. Waddell purchased 610 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were purchased at an average cost of $163.38 per share, with a total value of $99,661.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.23% of the company’s stock.

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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.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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