International Business Machines Corp. (IBM) Position Boosted by Mycio Wealth Partners LLC

Mycio Wealth Partners LLC raised its stake in International Business Machines Corp. (NYSE:IBM) by 24.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,236 shares of the technology company’s stock after acquiring an additional 1,225 shares during the period. Mycio Wealth Partners LLC’s holdings in International Business Machines were worth $904,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBM. Vanguard Group Inc. grew its position in International Business Machines by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after acquiring an additional 2,241,818 shares during the last quarter. BlackRock Inc. grew its position in shares of International Business Machines by 2.4% in the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after buying an additional 1,241,441 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of International Business Machines by 3.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock valued at $715,497,000 after buying an additional 134,862 shares during the last quarter. Swiss National Bank grew its position in shares of International Business Machines by 2.9% in the 2nd quarter. Swiss National Bank now owns 3,534,977 shares of the technology company’s stock valued at $543,786,000 after buying an additional 100,700 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of International Business Machines by 151.2% in the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after buying an additional 1,956,033 shares during the last quarter. 57.11% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently commented on IBM. Royal Bank of Canada reaffirmed a “hold” rating on shares of International Business Machines in a research note on Friday, October 13th. Zacks Investment Research downgraded International Business Machines from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. BMO Capital Markets reissued a “market perform” rating and issued a $170.00 price objective (up from $167.00) on shares of International Business Machines in a research note on Wednesday, October 18th. JPMorgan Chase & Co. set a $157.00 price objective on International Business Machines and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Finally, Citigroup increased their price target on International Business Machines from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, October 18th. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have issued a buy rating to the stock. International Business Machines has an average rating of “Hold” and a consensus target price of $159.90.

International Business Machines Corp. (NYSE:IBM) traded down $1.06 during midday trading on Friday, reaching $163.14. The company’s stock had a trading volume of 5,031,886 shares, compared to its average volume of 4,810,000. International Business Machines Corp. has a twelve month low of $139.13 and a twelve month high of $182.79. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $151,030.00, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. The business had revenue of $19.15 billion for 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 quarter last year, the business posted $3.29 earnings per share. analysts expect that International Business Machines Corp. will post 13.78 earnings per share for the current year.

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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.

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

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