International Business Machines Corporation (IBM) Holdings Maintained by Norman Fields Gottscho Capital Management LLC

Norman Fields Gottscho Capital Management LLC maintained its stake in International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,763 shares of the technology company’s stock at the end of the 2nd quarter. Norman Fields Gottscho Capital Management LLC’s holdings in International Business Machines Corporation were worth $1,194,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of IBM. CKW Financial Group grew its holdings in International Business Machines Corporation by 14.8% during the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after acquiring an additional 121 shares during the period. Proficio Capital Partners LLC grew its holdings in International Business Machines Corporation by 85.1% during the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock worth $146,000 after acquiring an additional 441 shares during the period. Grisanti Capital Management LLC grew its holdings in International Business Machines Corporation by 2.0% during the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after acquiring an additional 20 shares during the period. Capital Management Associates NY acquired a new position in International Business Machines Corporation during the first quarter worth about $200,000. Finally, Chicago Equity Partners LLC acquired a new position in International Business Machines Corporation during the first quarter worth about $207,000. Institutional investors and hedge funds own 57.94% of the company’s stock.

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International Business Machines Corporation (NYSE:IBM) traded down 0.49% during mid-day trading on Friday, hitting $144.82. The stock had a trading volume of 7,397,233 shares. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The firm has a market capitalization of $134.96 billion, a price-to-earnings ratio of 12.02 and a beta of 0.97. The stock’s 50 day moving average price is $143.19 and its 200 day moving average price is $156.45.

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

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

IBM has been the topic of a number of research analyst reports. Vetr lowered International Business Machines Corporation from a “hold” rating to a “sell” rating and set a $143.18 target price on the stock. in a report on Monday, May 22nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $180.00 target price on shares of International Business Machines Corporation in a report on Tuesday, May 23rd. Stifel Nicolaus lowered their target price on International Business Machines Corporation from $192.00 to $182.00 and set a “buy” rating on the stock in a report on Wednesday, May 24th. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Cleveland Research initiated coverage on International Business Machines Corporation in a report on Thursday, June 22nd. They set a “neutral” rating on the stock. 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 stock. The stock has a consensus rating of “Hold” and an average target price of $157.12.

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.

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

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