Cincinnati Financial Corp lifted its position in shares of International Business Machines Corporation (NYSE:IBM) by 21.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,900 shares of the technology company’s stock after acquiring an additional 47,500 shares during the quarter. International Business Machines Corporation accounts for approximately 2.0% of Cincinnati Financial Corp’s portfolio, making the stock its 23rd largest holding. Cincinnati Financial Corp’s holdings in International Business Machines Corporation were worth $42,134,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Herndon Capital Management LLC grew its position in 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 worth $107,000 after buying an additional 195 shares during the period. Edge Wealth Management LLC grew its position in 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 worth $117,000 after buying an additional 40 shares during the period. Peddock Capital Advisors LLC grew its position in 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 worth $140,000 after buying an additional 62 shares during the period. Horan Securities Inc. grew its position in International Business Machines Corporation by 845.5% during the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after buying an additional 837 shares during the period. Finally, CKW Financial Group grew its position in International Business Machines Corporation by 14.8% during the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 58.25% of the company’s stock.

Shares of International Business Machines Corporation (IBM) opened at $149.12 on Friday. International Business Machines Corporation has a 52-week low of $139.13 and a 52-week high of $182.79. The company has a market cap of $136,183.92, a PE ratio of 10.77, a price-to-earnings-growth ratio of 2.15 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. The company had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. International Business Machines Corporation’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.29 EPS. sell-side analysts anticipate that International Business Machines Corporation will post 13.8 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be paid a $1.50 dividend. The ex-dividend date is Thursday, November 9th. This represents a $6.00 annualized dividend and a dividend yield of 4.02%. International Business Machines Corporation’s dividend payout ratio is currently 50.13%.

ILLEGAL ACTIVITY WARNING: “International Business Machines Corporation (IBM) Stake Lifted by Cincinnati Financial Corp” was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.dailypolitical.com/2017/11/17/international-business-machines-corporation-ibm-stake-lifted-by-cincinnati-financial-corp.html.

IBM has been the topic of several recent analyst reports. UBS AG restated a “hold” rating and set a $152.00 target price on shares of International Business Machines Corporation in a research report on Tuesday, September 5th. BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Morgan Stanley reiterated an “overweight” rating and issued a $192.00 price target on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Vetr upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price target on the stock in a research report on Monday, July 31st. Finally, Zacks Investment Research lowered shares of International Business Machines Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Eight research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. International Business Machines Corporation currently has an average rating of “Hold” and an average target price of $158.93.

About International Business Machines Corporation

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)

Receive News & Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related companies with MarketBeat.com's FREE daily email newsletter.