Country Club Trust Company n.a. Sells 1,234 Shares of International Business Machines Corporation (IBM)

Country Club Trust Company n.a. reduced its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 109,256 shares of the technology company’s stock after selling 1,234 shares during the quarter. International Business Machines Corporation accounts for approximately 2.5% of Country Club Trust Company n.a.’s holdings, making the stock its 6th biggest position. Country Club Trust Company n.a.’s holdings in International Business Machines Corporation were worth $16,807,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. K.J. Harrison & Partners Inc grew its stake in shares of International Business Machines Corporation by 0.4% during the 1st quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock valued at $340,000 after acquiring an additional 7 shares during the period. Arthur M. Cohen & Associates LLC grew its stake in shares of International Business Machines Corporation by 0.5% during the 1st quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock valued at $237,000 after acquiring an additional 7 shares during the period. Gilbert & Cook Inc. grew its stake in shares of International Business Machines Corporation by 0.6% during the 1st quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock valued at $375,000 after acquiring an additional 12 shares during the period. BSW Wealth Partners grew its stake in shares of International Business Machines Corporation by 0.4% during the 1st quarter. BSW Wealth Partners now owns 3,992 shares of the technology company’s stock valued at $695,000 after acquiring an additional 14 shares during the period. Finally, Gilman Hill Asset Management LLC grew its stake in shares of International Business Machines Corporation by 0.4% during the 1st quarter. Gilman Hill Asset Management LLC now owns 3,767 shares of the technology company’s stock valued at $656,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 57.87% of the company’s stock.

A number of research analysts recently commented on the company. Jefferies Group LLC reissued a “sell” rating and issued a $125.00 price target on shares of International Business Machines Corporation in a report on Thursday. ValuEngine cut International Business Machines Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 15th. UBS AG reissued a “hold” rating and issued a $152.00 price target on shares of International Business Machines Corporation in a report on Tuesday, September 5th. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Vetr raised International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.93 price target on the stock in a report on Thursday, August 24th. Seven analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company. International Business Machines Corporation currently has a consensus rating of “Hold” and an average price target of $157.12.

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International Business Machines Corporation (NYSE:IBM) last posted its earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the Zacks’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter in the previous year, the business earned $2.95 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were given a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.11%. International Business Machines Corporation’s dividend payout ratio is currently 49.88%.

About International Business Machines Corporation

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 Corporation (NYSE:IBM)

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