People s United Financial Inc. raised its stake in International Business Machines Corporation (NYSE:IBM) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,438 shares of the technology company’s stock after purchasing an additional 6,683 shares during the quarter. International Business Machines accounts for about 0.8% of People s United Financial Inc.’s portfolio, making the stock its 26th biggest position. People s United Financial Inc.’s holdings in International Business Machines were worth $24,527,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of IBM. CKW Financial Group increased its position in shares of International Business Machines by 0.3% during the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock valued at $146,000 after acquiring an additional 3 shares during the last quarter. Milestone Group Inc. increased its position in shares of International Business Machines by 0.4% during the second quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock valued at $345,000 after acquiring an additional 8 shares during the last quarter. Gilbert & Cook Inc. increased its position in shares of International Business Machines by 0.6% during the first quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock valued at $375,000 after acquiring an additional 12 shares during the last quarter. Hugh Johnson Advisors LLC increased its position in shares of 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 valued at $216,000 after acquiring an additional 12 shares during the last quarter. Finally, BSW Wealth Partners increased its position in shares of International Business Machines by 0.4% during the first quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock valued at $695,000 after acquiring an additional 14 shares during the last quarter. 57.26% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Corporation (NYSE:IBM) traded up $0.80 during trading on Monday, hitting $155.61. The stock had a trading volume of 1,299,210 shares, compared to its average volume of 4,254,970. International Business Machines Corporation has a 52-week low of $139.13 and a 52-week high of $182.79. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $143,321.77, a price-to-earnings ratio of 11.33, a P/E/G ratio of 2.27 and a beta of 0.94.

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

The business also recently declared a quarterly dividend, which was paid on Saturday, December 9th. Stockholders of record on Friday, November 10th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date was Thursday, November 9th. International Business Machines’s payout ratio is currently 50.13%.

A number of analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $192.00 price target on shares of International Business Machines in a research report on Wednesday, August 23rd. Vetr lowered International Business Machines from a “buy” rating to a “hold” rating and set a $146.52 price objective for the company. in a report on Tuesday, August 22nd. ValuEngine raised International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Drexel Hamilton reissued a “buy” rating and set a $200.00 price objective on shares of International Business Machines in a report on Tuesday, October 17th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $170.00 price objective (up from $167.00) on shares of International Business Machines in a report on Wednesday, October 18th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $159.24.

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About International Business Machines

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 (NYSE:IBM)

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