Narwhal Capital Management Has $3.01 Million Position in International Business Machines Corporation (IBM)

Narwhal Capital Management cut its position in International Business Machines Corporation (NYSE:IBM) by 19.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,715 shares of the technology company’s stock after selling 4,915 shares during the period. Narwhal Capital Management’s holdings in International Business Machines were worth $3,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Herndon Capital Management LLC lifted its holdings in shares of International Business Machines by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after purchasing an additional 195 shares during the last quarter. Edge Wealth Management LLC lifted its holdings in shares of International Business Machines by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after purchasing an additional 40 shares during the last quarter. ETF Managers Group LLC purchased a new stake in shares of International Business Machines in the 2nd quarter valued at about $121,000. Peddock Capital Advisors LLC lifted its holdings in shares of International Business Machines by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after purchasing an additional 62 shares during the last quarter. Finally, Horan Securities Inc. lifted its holdings in shares of International Business Machines by 845.5% in the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after purchasing an additional 837 shares during the last quarter. 57.13% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on IBM. Zacks Investment Research downgraded International Business Machines from a “hold” rating to a “sell” rating in a report on Tuesday. Morgan Stanley reissued an “overweight” rating and issued a $192.00 target price on shares of International Business Machines in a report on Wednesday, August 23rd. Vetr downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $146.52 target price for the company. in a report on Tuesday, August 22nd. Drexel Hamilton reissued a “buy” rating and issued a $200.00 target price on shares of International Business Machines in a report on Tuesday, October 17th. Finally, ValuEngine raised International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $159.24.

International Business Machines Corporation (NYSE:IBM) opened at $153.23 on Wednesday. The stock has a market capitalization of $141,951.61, a P/E ratio of 11.23, a PEG ratio of 2.25 and a beta of 0.94. International Business Machines Corporation 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.

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

The firm also recently announced a quarterly dividend, which was paid on Saturday, December 9th. Stockholders 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 3.92%. The ex-dividend date was Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is 50.13%.

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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.

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

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