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United Bank buys new IBM stake as investors adjust holdings

IBM logoIBM
Sig1.25Sen+0.85Env0.00Soc0.00Gov0.00

United Bank bought an additional stake in International Business Machines during the 2nd quarter, as disclosed in recent SEC filings, while other investors changed holdings and reported share counts. IBM’s prior quarter results showed $2.93 earnings per share, matching consensus, and the dividend payout ratio was 59.98%. Analysts’ price targets varied, with some reaffirmations and one cut.

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