International Business Machines Corporation (IBM) Position Raised by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC grew its stake in shares of International Business Machines Corporation (NYSE:IBM) by 17.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,421 shares of the technology company’s stock after acquiring an additional 24,421 shares during the period. Clarkston Capital Partners LLC’s holdings in International Business Machines Corporation were worth $25,908,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Wellington Shields & Co. LLC raised its stake in shares of International Business Machines Corporation by 3.4% during the second quarter. Wellington Shields & Co. LLC now owns 30,440 shares of the technology company’s stock valued at $4,683,000 after acquiring an additional 1,000 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in International Business Machines Corporation by 17.7% during the second quarter. Russell Investments Group Ltd. now owns 640,925 shares of the technology company’s stock valued at $98,606,000 after buying an additional 96,556 shares during the period. Cambridge Advisors Inc. increased its holdings in International Business Machines Corporation by 7.5% during the second quarter. Cambridge Advisors Inc. now owns 6,610 shares of the technology company’s stock valued at $1,017,000 after buying an additional 460 shares during the period. Greylin Investment Mangement Inc. increased its holdings in International Business Machines Corporation by 1.4% during the second quarter. Greylin Investment Mangement Inc. now owns 189,628 shares of the technology company’s stock valued at $29,170,000 after buying an additional 2,579 shares during the period. Finally, E&G Advisors LP increased its holdings in International Business Machines Corporation by 10.0% during the second quarter. E&G Advisors LP now owns 3,300 shares of the technology company’s stock valued at $508,000 after buying an additional 300 shares during the period. 57.94% of the stock is owned by hedge funds and other institutional investors.

IBM has been the topic of several research reports. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 price objective on the stock in a report on Monday, July 10th. Stifel Nicolaus reissued a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a report on Friday, June 9th. Drexel Hamilton reissued a “buy” rating and set a $200.00 price objective on shares of International Business Machines Corporation in a report on Tuesday, July 18th. Standpoint Research raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Argus reissued a “buy” rating and set a $175.00 price objective (down from $192.00) on shares of International Business Machines Corporation in a report on Friday, July 21st. Seven investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $157.12.

Shares of International Business Machines Corporation (NYSE:IBM) traded down 0.49% on Friday, hitting $144.82. 7,397,233 shares of the company’s stock were exchanged. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The company’s 50-day moving average price is $143.19 and its 200 day moving average price is $156.45. The stock has a market cap of $134.96 billion, a price-to-earnings ratio of 12.02 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last released its earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. During the same quarter last year, the business earned $2.95 EPS. The business’s revenue was down 4.7% on a year-over-year basis. On average, equities analysts predict that International Business Machines Corporation will post $13.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend was Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

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International Business Machines Corporation 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 Corporation (NYSE:IBM)

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