Harbor Investment Advisory LLC increased its stake in International Business Machines Co., owning 6,206 shares valued at $1,185,000. Other hedge funds also made changes to their positions, with some acquiring new stakes or increasing their holdings in the company. Wall Street analysts gave mixed ratings to IBM stock, with price targets ranging from $145 to $220 per share. International trade in commercial machines saw a 1.5% increase, with IBM stock opening at $175.02 on Tuesday. The company reported earnings above analysts’ estimates and increased its dividend, with a positive yield of 3.82%. IBM provides integrated solutions and services worldwide, operating through different segments such as software, consulting, infrastructure, and financing, aiming to help customers with digital and AI transformations.
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https://www.defenseworld.net/2024/06/25/harbor-investment-advisory-llc-raises-position-in-international-business-machines-co-nyseibm.html
