American National Bank lifted its position in International Business Machines Corporation (NYSE:IBM) by 7.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,510 shares of the technology company’s stock after purchasing an additional 99 shares during the period. American National Bank’s holdings in International Business Machines Corporation were worth $232,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of IBM. Proficio Capital Partners LLC lifted its stake in International Business Machines Corporation by 85.1% in the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock worth $146,000 after acquiring an additional 441 shares during the period. CKW Financial Group lifted its stake in International Business Machines Corporation by 14.8% in the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after acquiring an additional 121 shares during the period. Grisanti Capital Management LLC lifted its stake in International Business Machines Corporation by 2.0% in the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after acquiring an additional 20 shares during the period. Capital Management Associates NY purchased a new stake in International Business Machines Corporation in the first quarter worth $200,000. Finally, Chicago Equity Partners LLC purchased a new stake in International Business Machines Corporation in the first quarter worth $207,000. Hedge funds and other institutional investors own 57.94% of the company’s stock.

International Business Machines Corporation (NYSE IBM) traded down 0.49% during midday trading on Friday, reaching $144.82. The company had a trading volume of 7,397,233 shares. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The firm has a 50-day moving average of $143.19 and a 200 day moving average of $156.45. The company has a market capitalization of $134.96 billion, a P/E ratio of 12.02 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. During the same period last year, the business posted $2.95 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts forecast that International Business Machines Corporation will post $13.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

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IBM has been the subject of a number of research analyst reports. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. UBS AG reaffirmed a “hold” rating and issued a $152.00 price target on shares of International Business Machines Corporation in a research note on Tuesday, September 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $192.00 price target on shares of International Business Machines Corporation in a research note on Wednesday, August 23rd. Vetr raised International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price target for the company in a research note on Monday, July 31st. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $200.00 price target on shares of International Business Machines Corporation in a research note on Tuesday, July 18th. Seven investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $157.12.

International Business Machines Corporation 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 Corporation (NYSE:IBM)

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