International Business Machines Corporation (IBM) Holdings Boosted by NTV Asset Management LLC

NTV Asset Management LLC boosted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 36.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,719 shares of the technology company’s stock after purchasing an additional 5,040 shares during the period. NTV Asset Management LLC’s holdings in International Business Machines Corporation were worth $2,879,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. SeaBridge Investment Advisors LLC increased its position in shares of International Business Machines Corporation by 18.9% in the second quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock worth $11,817,000 after acquiring an additional 12,236 shares in the last quarter. Intellectus Partners LLC grew its holdings in International Business Machines Corporation by 9.8% during the 1st quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock valued at $2,929,000 after purchasing an additional 1,496 shares in the last quarter. CKW Financial Group grew its holdings in International Business Machines Corporation by 14.8% during the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after purchasing an additional 121 shares in the last quarter. Argus Investors Counsel Inc. grew its holdings in International Business Machines Corporation by 10.9% during the 2nd quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock valued at $4,134,000 after purchasing an additional 2,651 shares in the last quarter. Finally, SOL Capital Management CO grew its holdings in International Business Machines Corporation by 0.6% during the 2nd quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock valued at $1,167,000 after purchasing an additional 45 shares in the last quarter. 58.25% of the stock is currently owned by institutional investors.

International Business Machines Corporation (NYSE IBM) opened at $149.12 on Friday. The stock has a market cap of $136,183.92, a price-to-earnings ratio of 10.77, a P/E/G ratio of 2.15 and a beta of 0.94. 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 Corporation has a 52-week low of $139.13 and a 52-week high of $182.79.

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

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 50.13%.

A number of equities research analysts recently weighed in on IBM shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price target on shares of International Business Machines Corporation in a report on Friday, July 21st. Cantor Fitzgerald reissued a “hold” rating and set a $154.00 price objective on shares of International Business Machines Corporation in a report on Friday, October 13th. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Goldman Sachs Group, Inc. (The) set a $170.00 price objective on shares of International Business Machines Corporation and gave the stock a “neutral” rating in a report on Wednesday, October 18th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $160.00 price objective on shares of International Business Machines Corporation in a report on Wednesday. Eight research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. International Business Machines Corporation has an average rating of “Hold” and an average target price of $158.93.

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International Business Machines Corporation 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 Corporation (NYSE:IBM)

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