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IBM reported strong earnings and raised its dividend, despite some investors reducing their holdings.
IBM reported strong earnings, surpassing estimates with a $1.60 EPS and increased its dividend to $1.68 per share.
Despite some institutional investors reducing their holdings, including Marks Group Wealth Management Inc., which sold 315 shares, Zullo Investment Group Inc. increased its stake by 59 shares.
IBM's stock is rated a "Moderate Buy" with a target price of $259.06, reflecting positive analyst sentiment.
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IBM informó de ganancias fuertes y aumentó su dividendo, a pesar de que algunos inversores redujeron sus participaciones.