Today, Neville Rodie & Shaw Inc. decides to keep it stake in International Business Machines Corp. (IBM) to the level of $12,076,000

Today, Neville Rodie & Shaw Inc. decides to keep it stake in International Business Machines Corp. (IBM) to the level of $12,076,000
Neville Rodie & Shaw Inc. reduced its stake in International Business Machines Corp. (NYSE:IBM) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,021 shares of the technology company’s stock after selling 383 shares during the period. International Business Machines Corp. makes up about 1.4% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 14th largest position. Neville Rodie & Shaw Inc.’s holdings in International Business Machines Corp. were worth $12,076,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC boosted its stake in shares of International Business Machines Corp. by 1.4% in the third quarter. Quadrant Capital Group LLC now owns 3,523 shares of the technology company’s stock valued at $549,000 after buying an additional 47 shares during the last quarter. Pillar Pacific Capital Management LLC boosted its stake in shares of International Business Machines Corp. by 1.1% in the second quarter. Pillar Pacific Capital Management LLC now owns 36,890 shares of the technology company’s stock valued at $5,599,000 after buying an additional 414 shares during the last quarter. HL Financial Services LLC boosted its stake in shares of International Business Machines Corp. by 1.1% in the second quarter. HL Financial Services LLC now owns 406,336 shares of the technology company’s stock valued at $61,674,000 after buying an additional 4,564 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of International Business Machines Corp. by 5.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 49,870 shares of the technology company’s stock valued at $7,570,000 after buying an additional 2,575 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its stake in shares of International Business Machines Corp. by 4.4% in the second quarter. CIBC World Markets Inc. now owns 82,236 shares of the technology company’s stock valued at $12,482,000 after buying an additional 3,481 shares during the last quarter. Institutional investors own 58.49% of the company’s stock.

Shares of International Business Machines Corp. (NYSE:IBM) traded up 0.72% during mid-day trading on Friday, reaching $163.14. 1,605,344 shares of the company were exchanged. The company has a market capitalization of $155.12 billion, a price-to-earnings ratio of 13.29 and a beta of 0.94. International Business Machines Corp. has a 12 month low of $116.90 and a 12 month high of $165.00. The firm’s 50-day moving average is $155.55 and its 200-day moving average is $155.73.

International Business Machines Corp. (NYSE:IBM) last released its earnings results on Monday, October 17th. The technology company reported $3.29 EPS for the quarter, beating the consensus estimate of $3.24 by $0.05. International Business Machines Corp. had a net margin of 14.75% and a return on equity of 82.86%. The business earned $19.23 billion during the quarter, compared to analyst estimates of $19 billion. During the same period in the prior year, the business earned $3.34 earnings per share. The business’s quarterly revenue was down .3% on a year-over-year basis. On average, equities analysts forecast that International Business Machines Corp. will post $13.50 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Thursday, November 10th will be given a $1.40 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $5.60 annualized dividend and a dividend yield of 3.43%. International Business Machines Corp.’s dividend payout ratio (DPR) is presently 45.64%.

Several analysts have recently issued reports on IBM shares. Cantor Fitzgerald reiterated a “hold” rating on shares of International Business Machines Corp. in a research note on Monday, August 8th. Drexel Hamilton reiterated a “buy” rating and issued a $186.00 price objective on shares of International Business Machines Corp. in a research note on Monday, August 15th. Oppenheimer Holdings Inc. initiated coverage on International Business Machines Corp. in a research note on Monday, August 15th. They issued a “market perform” rating on the stock. Vetr upgraded International Business Machines Corp. from a “sell” rating to a “hold” rating and set a $156.55 price target on the stock in a research note on Monday, August 29th. Finally, Barclays PLC restated an “underweight” rating on shares of International Business Machines Corp. in a research note on Tuesday, August 30th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the stock. International Business Machines Corp. has an average rating of “Hold” and an average target price of $156.04.

In other news, Director David N. Farr purchased 1,300 shares of International Business Machines Corp. stock in a transaction that occurred on Tuesday, October 25th. The stock was acquired at an average price of $149.93 per share, for a total transaction of $194,909.00. Following the transaction, the director now owns 3,758 shares in the company, valued at $563,436.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Picciano sold 1,922 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $159.16, for a total transaction of $305,905.52. Following the completion of the sale, the insider now owns 35,861 shares of the company’s stock, valued at approximately $5,707,636.76. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.

About International Business Machines Corp.

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