Burt Wealth Advisors Lowers stake in International Business Machines Corp. (IBM)

International Business Machines Corp. (IBM) : Burt Wealth Advisors reduced its stake in International Business Machines Corp. by 5.22% during the most recent quarter end. The investment management company now holds a total of 5,688 shares of International Business Machines Corp. which is valued at $921,854 after selling 313 shares in International Business Machines Corp. , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.International Business Machines Corp. makes up approximately 0.81% of Burt Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Granite Investment Advisors reduced its stake in IBM by selling 20 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 6,080 shares of IBM which is valued at $985,386. International Business Machines Corp. makes up approx 0.19% of Granite Investment Advisors’s portfolio.Pennsylvania Trust Co reduced its stake in IBM by selling 5,484 shares or 7.66% in the most recent quarter. The Hedge Fund company now holds 66,073 shares of IBM which is valued at $10,661,539. International Business Machines Corp. makes up approx 0.84% of Pennsylvania Trust Co’s portfolio.Advocacy Wealth Management Services reduced its stake in IBM by selling 103 shares or 30.84% in the most recent quarter. The Hedge Fund company now holds 231 shares of IBM which is valued at $36,928. International Business Machines Corp. makes up approx 0.02% of Advocacy Wealth Management Services’s portfolio.Fisher Asset Management reduced its stake in IBM by selling 1,623 shares or 7.27% in the most recent quarter. The Hedge Fund company now holds 20,714 shares of IBM which is valued at $3,273,226. International Business Machines Corp. makes up approx 0.01% of Fisher Asset Management’s portfolio.Perkins Coie Trust Co reduced its stake in IBM by selling 593 shares or 3.59% in the most recent quarter. The Hedge Fund company now holds 15,938 shares of IBM which is valued at $2,461,783. International Business Machines Corp. makes up approx 1.60% of Perkins Coie Trust Co’s portfolio.

International Business Machines Corp. closed down -0.75 points or -0.46% at $160.62 with 35,47,546 shares getting traded on Friday. Post opening the session at $161.36, the shares hit an intraday low of $160.03 and an intraday high of $161.67 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, International Business Machines Corp. reported $2.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $2.89. The company had revenue of $20238.00 million for the quarter, compared to analysts expectations of $20063.32 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.84 EPS.

Many Wall Street Analysts have commented on International Business Machines Corp.. International Business Machines Corp. was Downgraded by Standpoint Research to ” Hold” on Jul 25, 2016. Company shares were Reiterated by Drexel Hamilton on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 186 from a previous price target of $166 .Company shares were Reiterated by JMP Securities on Jul 19, 2016 to “Mkt Outperform”, Firm has raised the Price Target to $ 172 from a previous price target of $157 .

International Business Machines Corporation is a technology company. The Company operates in five business segments: Global Technology Services (GTS) which includes Strategic Outsourcing Integrated Technology Services Cloud and Technology Support Services and also provides information technology (IT) infrastructure and business process services; Global Business Services (GBS) which offers its services across Consulting and Systems Integration Global Process Services and Application Management Services; Software which consists of middleware and operating systems software; Systems and Technology (STG) which provides infrastructure technologies and Global Financing which provides financing solutions for products or services that are critical to the end users’ business operations. Its IBM Watson Health Cloud platform collects clinical research and social data from a range of health sources and creates a cloud-based data sharing hub.

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