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IBM Stake Shifts in Filings as Quarterly EPS Meets Consensus

IBM logoIBM
Sig1.30Sen+0.45Env0.00Soc0.00Gov0.00

Fulcrum Wealth Advisors trimmed its stake in IBM by 22.3% in the second quarter, while other wealth managers added small new positions in subsequent quarters. Institutional investors hold 58.96% of IBM shares. IBM posted $2.93 EPS for the quarter, matching consensus and up from $2.80 a year earlier, with the stock trading below recent moving averages.

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