International Business Machines Corporation (IBM) Holdings Cut by Montag A & Associates Inc.

Montag A & Associates Inc. reduced its stake in International Business Machines Corporation (NYSE:IBM) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,214 shares of the technology company’s stock after selling 800 shares during the period. Montag A & Associates Inc.’s holdings in International Business Machines Corporation were worth $6,494,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Herndon Capital Management LLC increased its stake in shares of International Business Machines Corporation by 39.0% during the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after acquiring an additional 195 shares during the period. Edge Wealth Management LLC increased its stake in shares of International Business Machines Corporation by 5.6% during the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after acquiring an additional 40 shares during the period. Peddock Capital Advisors LLC increased its stake in shares of International Business Machines Corporation by 7.3% during the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after acquiring an additional 62 shares during the period. Horan Securities Inc. increased its stake in shares of International Business Machines Corporation by 845.5% during the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after acquiring an additional 837 shares during the period. Finally, CKW Financial Group increased its stake in shares of International Business Machines Corporation by 14.8% during the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after acquiring an additional 121 shares during the period. Hedge funds and other institutional investors own 58.25% of the company’s stock.

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International Business Machines Corporation (NYSE IBM) opened at $148.89 on Wednesday. The firm has a market cap of $137,387.44, a P/E ratio of 10.86, a P/E/G ratio of 2.17 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 52-week low of $139.13 and a 52-week high of $182.79.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share 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 analyst estimates of $18.63 billion. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.29 earnings per share. analysts anticipate that International Business Machines Corporation will post 13.8 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be issued a dividend of $1.50 per share. The ex-dividend date is Thursday, November 9th. This represents a $6.00 annualized dividend and a dividend yield of 4.03%. International Business Machines Corporation’s payout ratio is presently 50.13%.

International Business Machines Corporation announced that its board has approved a stock repurchase plan on Tuesday, October 31st that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

A number of equities analysts recently commented on IBM shares. UBS AG reaffirmed a “hold” rating and issued a $152.00 price objective on shares of International Business Machines Corporation in a research note on Tuesday, September 5th. 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. Morgan Stanley reissued an “overweight” rating and set a $192.00 target price on shares of International Business Machines Corporation in a research note on Wednesday, August 23rd. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 target price for the company in a research note on Monday, July 31st. Finally, Drexel Hamilton restated a “buy” rating and set a $200.00 price target on shares of International Business Machines Corporation in a report on Tuesday, July 18th. Eight investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the stock. International Business Machines Corporation has an average rating of “Hold” and an average price target of $158.90.

International Business Machines Corporation 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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