IBM saw adjusted holdings by Freedom Investment and others, reported strong Q3 earnings, and announced a dividend.
Freedom Investment Management Inc. increased its IBM stake by 6,029 shares, totaling 10,978 shares, valued at $2.427 million. Multiple firms adjusted their holdings of IBM shares, including UBS Group and Stifel Nicolaus, with varied ratings and target prices. IBM reported Q3 earnings of $2.30 per share, exceeding estimates, with revenue of $14.97 billion. The company announced a $1.67 quarterly dividend, payable on December 10th.
November 27, 2024
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