International Business Machines Corporation (IBM) Shares Sold by Lakeview Capital Partners LLC

Lakeview Capital Partners LLC lowered its position in International Business Machines Corporation (NYSE:IBM) by 30.0% during the third quarter, Holdings Channel reports. The institutional investor owned 3,390 shares of the technology company’s stock after selling 1,450 shares during the period. Lakeview Capital Partners LLC’s holdings in International Business Machines Corporation were worth $539,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Cypress Capital Management LLC WY acquired a new stake in International Business Machines Corporation during the second quarter worth approximately $107,000. Jackson Grant Investment Advisers Inc. raised its stake in International Business Machines Corporation by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 726 shares of the technology company’s stock worth $110,000 after buying an additional 5 shares in the last quarter. Orinda Asset Management LLC acquired a new stake in International Business Machines Corporation during the third quarter worth approximately $127,000. CKW Financial Group raised its stake in International Business Machines Corporation by 0.4% in the third quarter. CKW Financial Group now owns 815 shares of the technology company’s stock worth $129,000 after buying an additional 3 shares in the last quarter. Finally, Peddock Capital Advisors LLC acquired a new stake in International Business Machines Corporation during the third quarter worth approximately $135,000. 58.59% of the stock is currently owned by institutional investors.

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

Shares of International Business Machines Corporation (NYSE:IBM) opened at 178.68 on Friday. International Business Machines Corporation has a 52-week low of $121.34 and a 52-week high of $179.25. The company has a market cap of $169.50 billion, a price-to-earnings ratio of 14.43 and a beta of 0.96. The firm has a 50 day moving average price of $171.46 and a 200-day moving average price of $161.89.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Thursday, January 19th. The technology company reported $5.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.88 by $0.13. International Business Machines Corporation had a return on equity of 78.32% and a net margin of 14.85%. The company had revenue of $21.77 billion for the quarter, compared to the consensus estimate of $21.69 billion. During the same quarter last year, the business posted $4.84 earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. Equities research analysts anticipate that International Business Machines Corporation will post $13.79 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 10th will be given a $1.40 dividend. The ex-dividend date of this dividend is Wednesday, February 8th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.13%. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 45.16%.

TRADEMARK VIOLATION WARNING: “International Business Machines Corporation (IBM) Shares Sold by Lakeview Capital Partners LLC” was originally reported by sleekmoney and is the property of of sleekmoney. If you are accessing this piece on another website, it was illegally copied and republished in violation of US & international trademark and copyright legislation. The correct version of this piece can be accessed at http://sleekmoney.com/international-business-machines-corporation-ibm-shares-sold-by-lakeview-capital-partners-llc/1655797.html.

A number of equities research analysts recently issued reports on the company. Vetr raised International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $166.23 target price on the stock in a research report on Thursday, December 1st. Citigroup Inc. reissued a “neutral” rating on shares of International Business Machines Corporation in a research report on Friday, January 20th. BMO Capital Markets reissued a “market perform” rating and issued a $170.00 target price on shares of International Business Machines Corporation in a research report on Monday, January 23rd. Sanford C. Bernstein reissued a “market perform” rating and issued a $140.00 target price on shares of International Business Machines Corporation in a research report on Friday, October 21st. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of International Business Machines Corporation in a research report on Saturday, January 21st. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $163.41.

In other International Business Machines Corporation news, insider Kralingen Bridget A. Van sold 2,107 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $162.44, for a total transaction of $342,261.08. Following the sale, the insider now owns 4,147 shares in the company, valued at $673,638.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James J. Kavanaugh sold 559 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $178.31, for a total value of $99,675.29. Following the sale, the insider now owns 29,856 shares in the company, valued at approximately $5,323,623.36. The disclosure for this sale can be found here. Insiders sold 22,532 shares of company stock worth $3,593,280 in the last quarter. 0.08% of the stock is currently owned by company insiders.

International Business Machines Corporation Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/international-business-machines-corporation-ibm-shares-sold-by-lakeview-capital-partners-llc/1655797.html

Receive News & Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *