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IBM boosted its dividend and earnings, but institutional investor responses varied, with some buying and others selling.
Institutional investors have been mixed in their approaches to IBM stock.
Banque Pictet & Cie SA sold 4,940 shares, reducing its holdings, while First Interstate Bank increased its stake by 140 shares.
IBM reported earnings of $1.60 per share, surpassing analyst expectations, and has increased its quarterly dividend to $1.68.
The company operates in several technology segments and has a "Hold" rating with a consensus price target of $257.50.
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IBM aumentó su dividendo y ganancias, pero las respuestas de los inversores institucionales variaron, con algunos comprando y otros vendiendo.