Reilly Financial Advisors LLC Has $251,000 Holdings in International Business Machines Corp. (IBM)

Reilly Financial Advisors LLC lowered its stake in International Business Machines Corp. (NYSE:IBM) by 48.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,728 shares of the technology company’s stock after selling 1,648 shares during the quarter. Reilly Financial Advisors LLC’s holdings in International Business Machines were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stevens Capital Management LP purchased a new stake in shares of International Business Machines in the 1st quarter valued at about $12,488,000. Russell Investments Group Ltd. raised its holdings in shares of International Business Machines by 17.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 640,925 shares of the technology company’s stock valued at $98,606,000 after acquiring an additional 96,556 shares in the last quarter. Convergence Investment Partners LLC raised its holdings in shares of International Business Machines by 3.2% in the 2nd quarter. Convergence Investment Partners LLC now owns 16,170 shares of the technology company’s stock valued at $2,488,000 after acquiring an additional 504 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of International Business Machines in the 1st quarter valued at about $1,103,000. Finally, Clarkston Capital Partners LLC raised its holdings in shares of International Business Machines by 17.0% in the 2nd quarter. Clarkston Capital Partners LLC now owns 168,421 shares of the technology company’s stock valued at $25,908,000 after acquiring an additional 24,421 shares in the last quarter. Institutional investors and hedge funds own 57.11% of the company’s stock.

International Business Machines Corp. (NYSE:IBM) opened at $153.42 on Tuesday. The firm has a market capitalization of $142,034.92, a PE ratio of 12.82, a P/E/G ratio of 2.25 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. International Business Machines Corp. has a 1-year low of $139.13 and a 1-year high of $182.79.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. International Business Machines’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $3.29 EPS. research analysts anticipate that International Business Machines Corp. 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. Shareholders of record on Friday, November 10th were paid a $1.50 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a yield of 3.91%. International Business Machines’s dividend payout ratio (DPR) is currently 50.13%.

Several analysts have weighed in on IBM shares. UBS Group reaffirmed a “hold” rating and issued a $152.00 price target on shares of International Business Machines in a report on Tuesday, September 5th. Vetr raised International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 price target on the stock in a report on Wednesday, November 15th. Zacks Investment Research cut International Business Machines from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. KeyCorp reaffirmed a “hold” rating on shares of International Business Machines in a report on Friday, November 3rd. Finally, Jefferies Group reaffirmed a “sell” rating and issued a $125.00 price target on shares of International Business Machines in a report on Thursday, September 21st. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $159.24.

WARNING: “Reilly Financial Advisors LLC Has $251,000 Holdings in International Business Machines Corp. (IBM)” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2018/01/02/reilly-financial-advisors-llc-has-251000-holdings-in-international-business-machines-corp-ibm.html.

International Business Machines 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.

Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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

Latest News

Leave a Reply