Tocqueville Asset Management L.P. Has $18.23 Million Position in International Business Machines Corp. (IBM)

Tocqueville Asset Management L.P. lowered its position in shares of International Business Machines Corp. (NYSE:IBM) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,683 shares of the technology company’s stock after selling 3,547 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in International Business Machines were worth $18,234,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IBM. Vanguard Group Inc. boosted its holdings in shares of International Business Machines by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after purchasing an additional 2,241,818 shares during the last quarter. BlackRock Inc. boosted its holdings 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 purchasing an additional 1,241,441 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings 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 purchasing an additional 134,862 shares during the last quarter. Swiss National Bank boosted its holdings 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 purchasing an additional 100,700 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings 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 purchasing an additional 1,956,033 shares during the last quarter. Hedge funds and other institutional investors own 57.11% of the company’s stock.

IBM has been the topic of a number of research analyst reports. UBS Group reiterated a “neutral” rating and issued a $160.00 price target (up previously from $152.00) on shares of International Business Machines in a report on Wednesday, October 18th. Jefferies Group reiterated a “sell” rating and issued a $125.00 price target on shares of International Business Machines in a report on Thursday, September 21st. Vetr upgraded shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price target on the stock in a report on Wednesday, December 6th. Cantor Fitzgerald reiterated a “hold” rating and issued a $154.00 price target on shares of International Business Machines in a report on Friday, October 13th. Finally, ValuEngine lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Eight investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $160.01.

Shares of International Business Machines Corp. (NYSE IBM) opened at $161.70 on Friday. International Business Machines Corp. has a one year low of $139.13 and a one year high of $182.79. The stock has a market cap of $146,728.69, a price-to-earnings ratio of 13.51, a P/E/G ratio of 2.30 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.28 by $0.02. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The firm had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same quarter in the previous year, the firm posted $3.29 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. analysts expect that International Business Machines Corp. will post 13.78 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Saturday, December 9th. Investors of record on Friday, November 10th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.71%. The ex-dividend date was Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is 50.13%.

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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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