Zuckerman Investment Group LLC Lowers Stake in International Business Machines Corporation (IBM)

Zuckerman Investment Group LLC decreased its stake in International Business Machines Corporation (NYSE:IBM) by 0.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 87,859 shares of the technology company’s stock after selling 289 shares during the period. International Business Machines Corporation makes up approximately 3.7% of Zuckerman Investment Group LLC’s holdings, making the stock its 12th largest position. Zuckerman Investment Group LLC’s holdings in International Business Machines Corporation were worth $13,956,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. CKW Financial Group boosted its stake in shares of International Business Machines Corporation by 0.4% in the third quarter. CKW Financial Group now owns 815 shares of the technology company’s stock valued at $129,000 after buying an additional 3 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in shares of 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 valued at $110,000 after buying an additional 5 shares in the last quarter. Bridgewater Wealth & Financial Management LLC boosted its stake in shares of International Business Machines Corporation by 0.3% in the third quarter. Bridgewater Wealth & Financial Management LLC now owns 1,730 shares of the technology company’s stock valued at $275,000 after buying an additional 5 shares in the last quarter. Alpha Windward LLC boosted its stake in shares of International Business Machines Corporation by 0.7% in the third quarter. Alpha Windward LLC now owns 1,333 shares of the technology company’s stock valued at $212,000 after buying an additional 9 shares in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its stake in shares of International Business Machines Corporation by 0.3% in the third quarter. Ausdal Financial Partners Inc. now owns 4,108 shares of the technology company’s stock valued at $653,000 after buying an additional 12 shares in the last quarter. 58.59% of the stock is currently owned by institutional investors and hedge funds.

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. The stock has a market capitalization of $169.50 billion, a price-to-earnings ratio of 14.43 and a beta of 0.96. The firm’s 50 day moving average is $171.46 and its 200 day moving average is $161.89. International Business Machines Corporation has a 12 month low of $121.34 and a 12 month high of $179.25.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Thursday, January 19th. The technology company reported $5.01 earnings per share for the quarter, beating the Thomson Reuters’ 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 business earned $21.77 billion during the quarter, compared to analysts’ expectations of $21.69 billion. During the same quarter last year, the business posted $4.84 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities analysts predict that International Business Machines Corporation will post $13.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 10th will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Wednesday, February 8th. This represents a $5.60 annualized dividend and a yield of 3.13%. International Business Machines Corporation’s dividend payout ratio is currently 45.16%.

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IBM has been the topic of several analyst reports. Cantor Fitzgerald set a $162.00 target price on shares of International Business Machines Corporation and gave the company a “hold” rating in a report on Saturday, October 15th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of International Business Machines Corporation in a report on Saturday, January 21st. Jefferies Group LLC reaffirmed a “sell” rating and issued a $125.00 target price on shares of International Business Machines Corporation in a report on Friday, January 20th. Argus reaffirmed a “buy” rating and issued a $185.00 target price (up previously from $175.00) on shares of International Business Machines Corporation in a report on Monday, January 23rd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $145.00 target price on shares of International Business Machines Corporation in a report on Friday, January 20th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company’s stock. International Business Machines Corporation currently has a consensus rating of “Hold” and a consensus target price of $163.41.

In related news, insider James J. Kavanaugh sold 559 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $178.31, for a total transaction of $99,675.29. Following the completion of the transaction, the insider now owns 29,856 shares of the company’s stock, valued at $5,323,623.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jon C. Iwata sold 19,866 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $158.63, for a total value of $3,151,343.58. Following the transaction, the insider now directly owns 54,719 shares of the company’s stock, valued at approximately $8,680,074.97. The disclosure for this sale can be found here. Insiders have sold 22,532 shares of company stock valued at $3,593,280 in the last ninety days. Company insiders own 0.08% of the company’s stock.

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

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