International Business Machines Co. (IBM) Shares Sold by Baldwin Investment Management LLC

Baldwin Investment Management LLC cut its stake in shares of International Business Machines Co. (NYSE:IBM) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,064 shares of the technology company’s stock after selling 45 shares during the quarter. Baldwin Investment Management LLC’s holdings in International Business Machines were worth $318,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. CKW Financial Group grew its holdings 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 purchasing an additional 3 shares during the last quarter. Arthur M. Cohen & Associates LLC grew its holdings in shares of International Business Machines by 0.5% during the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock valued at $237,000 after purchasing an additional 7 shares during the last quarter. Milestone Group Inc. grew its holdings 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 purchasing an additional 8 shares during the last quarter. Gilbert & Cook Inc. grew its holdings 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 purchasing an additional 12 shares during the last quarter. Finally, BSW Wealth Partners grew its holdings 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 purchasing an additional 14 shares during the last quarter. 58.43% of the stock is owned by institutional investors.

Several equities analysts have recently commented on IBM shares. Vetr raised International Business Machines from a “hold” rating to a “buy” rating and set a $150.68 target price for the company in a report on Monday, July 31st. ValuEngine upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $182.00 price objective on shares of International Business Machines in a research report on Friday, October 6th. Drexel Hamilton reiterated a “buy” rating and set a $200.00 price objective on shares of International Business Machines in a research report on Tuesday, October 17th. Finally, Pivotal Research started coverage on International Business Machines in a research report on Friday, October 27th. They set a “buy” rating and a $180.00 price objective for the company. Eight analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $158.93.

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Shares of International Business Machines Co. (NYSE IBM) opened at $150.51 on Tuesday. International Business Machines Co. has a one year low of $139.13 and a one 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 $139,340.00, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 2.18 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 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.02. International Business Machines had a net margin of 14.23% and a return on equity of 57.48%. The business had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same period in the prior year, the business posted $3.29 earnings per share. International Business Machines’s revenue for the quarter was down .4% compared to the same quarter last year. equities research analysts anticipate that International Business Machines Co. will post 13.8 earnings per share for the current year.

The business also recently declared 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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is presently 50.08%.

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.

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

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