International Business Machines Corp. (IBM) Holdings Lowered by Investment Counsel Inc.

Investment Counsel Inc. lowered its position in shares of International Business Machines Corp. (NYSE:IBM) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,938 shares of the technology company’s stock after selling 700 shares during the quarter. International Business Machines accounts for approximately 1.6% of Investment Counsel Inc.’s investment portfolio, making the stock its 29th biggest holding. Investment Counsel Inc.’s holdings in International Business Machines were worth $1,985,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of International Business Machines by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after purchasing an additional 2,241,818 shares during the period. Nordea Investment Management AB raised its holdings in shares of International Business Machines by 151.2% in the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after purchasing an additional 1,956,033 shares during the period. Janus Henderson Group PLC raised its holdings in shares of International Business Machines by 1,155.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after purchasing an additional 1,249,916 shares during the period. BlackRock Inc. raised its holdings in shares of International Business Machines by 2.4% in the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after purchasing an additional 1,241,441 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of International Business Machines by 9,678.2% in the 3rd quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock worth $118,347,000 after purchasing an additional 807,553 shares during the period. 58.78% of the stock is currently owned by hedge funds and other institutional investors.

IBM has been the topic of a number of research reports. Tigress Financial reaffirmed a “buy” rating on shares of International Business Machines in a report on Friday, December 1st. Vetr cut shares of International Business Machines from a “strong-buy” rating to a “buy” rating and set a $173.45 price target on the stock. in a report on Tuesday, December 12th. Pivotal Research initiated coverage on shares of International Business Machines in a report on Friday, October 27th. They issued a “buy” rating and a $180.00 price target on the stock. Bank of America reaffirmed a “buy” rating and issued a $200.00 price target on shares of International Business Machines in a report on Friday, January 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $180.00 price target on shares of International Business Machines in a report on Friday, January 19th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $164.37.

International Business Machines Corp. (IBM) opened at $155.16 on Wednesday. The company has a market cap of $144,590.09, a price-to-earnings ratio of 11.29, a PEG ratio of 2.28 and a beta of 0.94. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 2.25. International Business Machines Corp. has a 1 year low of $139.13 and a 1 year high of $182.55.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, beating analysts’ consensus estimates of $5.17 by $0.01. The firm had revenue of $22.54 billion during the quarter, compared to analyst estimates of $22.03 billion. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $5.01 EPS. sell-side analysts anticipate that International Business Machines Corp. will post 13.82 earnings per share 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 dividend of $1.50 per share. The ex-dividend date is Thursday, February 8th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.87%. International Business Machines’s dividend payout ratio (DPR) is currently 98.20%.

In other news, Director Frederick H. Waddell purchased 610 shares of International Business Machines stock in a transaction dated Wednesday, January 31st. The stock was purchased at an average cost of $163.38 per share, for a total transaction of $99,661.80. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is owned by insiders.

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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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