MGO One Seven LLC Sells 22,057 Shares of International Business Machines Corporation $IBM

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MGO One Seven LLC significantly reduced its stake in International Business Machines (NYSE:IBM) by selling 22,057 shares in the fourth quarter, representing a 43.6% trim. Despite some other institutional investors increasing their holdings, analysts remain cautiously optimistic with IBM maintaining a “Moderate Buy” rating and an average price target of $294.41. The company recently reported strong Q1 earnings, exceeding analyst expectations, and increased its quarterly dividend to $1.69.

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