von Borstel & Associates Inc. Boosts Holdings in International Business Machines Corporation $IBM

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von Borstel & Associates Inc. significantly increased its stake in International Business Machines (IBM) by 106.1% during the third quarter, bringing their total holdings to 5,102 shares valued at approximately $1.576 million. IBM recently posted strong quarterly results, beating EPS and revenue expectations, and offers an attractive dividend yield of roughly 2.7%. Despite a “Moderate Buy” consensus from analysts, the stock is facing short-term competitive pressure and trading below key moving averages.

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