Douglas Lane & Associates LLC reduced its stake in International Business Machines Co. (NYSE: IBM) by 4.0% in the first quarter, according to recent disclosures with the Securities and Exchange Commission. The company now owns 271,882 shares of IBM, valued at $51,919,000. Other institutional investors, including Vontobel Holding Ltd., Natixis Advisors LP, Tsfg LLC, Auxano Advisors LLC, and Waverly Advisors LLC, have also made adjustments to their holdings in IBM. IBM stock fell to $172.46 on Friday with a trading volume of 10,182,025 shares. The company reported earnings per share of $1.68 for the quarter, beating analysts’ estimates, and increased its dividend payout. Wall Street analysts have varied opinions on IBM, with different ratings and price targets. The company offers integrated solutions and services globally through its various segments, including Software, Consulting, Infrastructure, and Financing. Visit HoldenChannel.com for more information on IBM’s latest filings and insider trading data. MarketBeat provides the latest news alerts and reports based on financial data to keep readers informed. For questions or comments, contact contact@marketbeat.com. See MarketBeat’s top five stock recommendations and short plays for July 2024. Share this article with a colleague for more insights.
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