International Business Machines Corp. (IBM) Shares Sold by Bp Plc

Bp Plc cut its stake in International Business Machines Corp. (NYSE:IBM) by 23.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,000 shares of the technology company’s stock after selling 15,000 shares during the period. Bp Plc’s holdings in International Business Machines were worth $6,960,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Investment House LLC lifted its holdings in shares of International Business Machines by 36.2% during the third quarter. Investment House LLC now owns 38,760 shares of the technology company’s stock valued at $5,623,000 after purchasing an additional 10,295 shares during the last quarter. Brightworth bought a new stake in shares of International Business Machines during the third quarter valued at approximately $471,000. Franklin Parlapiano Turner & Welch LLC increased its position in shares of International Business Machines by 10.2% during the third quarter. Franklin Parlapiano Turner & Welch LLC now owns 24,262 shares of the technology company’s stock valued at $3,520,000 after acquiring an additional 2,244 shares in the last quarter. Accredited Investors Inc. increased its position in shares of International Business Machines by 248.7% during the third quarter. Accredited Investors Inc. now owns 11,559 shares of the technology company’s stock valued at $1,677,000 after acquiring an additional 8,244 shares in the last quarter. Finally, Clarkston Capital Partners LLC increased its position in shares of International Business Machines by 39.1% during the third quarter. Clarkston Capital Partners LLC now owns 234,220 shares of the technology company’s stock valued at $33,981,000 after acquiring an additional 65,799 shares in the last quarter. Institutional investors and hedge funds own 57.11% of the company’s stock.

Shares of International Business Machines Corp. (NYSE IBM) opened at $158.49 on Thursday. International Business Machines Corp. has a 1 year low of $139.13 and a 1 year high of $182.79. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. The stock has a market cap of $146,730.00, a price-to-earnings ratio of 13.23, a PEG ratio of 2.23 and a beta of 0.94.

International Business Machines (NYSE:IBM) last released its earnings results 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. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The company had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. During the same quarter in the previous year, the company earned $3.29 EPS. International Business Machines’s revenue for the quarter was down .4% on a year-over-year basis. sell-side analysts forecast that International Business Machines Corp. will post 13.8 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, December 9th. Investors of record on Friday, November 10th were paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date was Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is 50.08%.

Several equities research analysts recently weighed in on IBM shares. ValuEngine downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Jefferies Group reissued a “sell” rating and set a $125.00 price target on shares of International Business Machines in a research report on Thursday, September 21st. Stifel Nicolaus reissued a “buy” rating and set a $182.00 price target on shares of International Business Machines in a research report on Friday, October 6th. Royal Bank of Canada reissued a “hold” rating on shares of International Business Machines in a research report on Friday, October 13th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $154.00 target price on shares of International Business Machines in a research report on Friday, October 13th. Eight analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $160.01.

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International Business Machines 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)

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