International Business Machines Co. (NYSE:IBM) Shares Sold by Private Asset Management Inc.

Private Asset Management Inc. lessened its holdings in International Business Machines Co. (NYSE:IBM) by 17.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,877 shares of the technology company’s stock after selling 2,076 shares during the period. Private Asset Management Inc.’s holdings in International Business Machines were worth $1,322,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in shares of International Business Machines by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,701,925 shares of the technology company’s stock valued at $2,626,331,000 after purchasing an additional 270,201 shares during the period. Morgan Stanley boosted its stake in International Business Machines by 22.8% in the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after buying an additional 3,084,458 shares during the last quarter. Geode Capital Management LLC grew its holdings in International Business Machines by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 16,209,322 shares of the technology company’s stock valued at $2,120,034,000 after buying an additional 235,143 shares during the period. Moneta Group Investment Advisors LLC increased its stake in shares of International Business Machines by 98,797.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after acquiring an additional 11,017,849 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of International Business Machines by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,130,808 shares of the technology company’s stock worth $966,020,000 after acquiring an additional 77,916 shares during the period. 56.16% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.4 %

International Business Machines stock traded up $0.52 during midday trading on Thursday, reaching $147.07. The stock had a trading volume of 299,768 shares, compared to its average volume of 4,530,912. The firm’s fifty day simple moving average is $141.76 and its two-hundred day simple moving average is $133.34. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a twelve month low of $115.54 and a twelve month high of $153.21. The firm has a market cap of $133.98 billion, a price-to-earnings ratio of 67.85, a PEG ratio of 3.75 and a beta of 0.85.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 19th. The technology company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.18. International Business Machines had a return on equity of 38.10% and a net margin of 3.35%. The company had revenue of $15.48 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the company earned $2.31 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. Equities analysts anticipate that International Business Machines Co. will post 9.43 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were given a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was Wednesday, August 9th. International Business Machines’s payout ratio is presently 307.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on IBM shares. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Wedbush reissued a “neutral” rating and set a $140.00 price target on shares of International Business Machines in a research report on Thursday, July 20th. Bank of America raised their price objective on International Business Machines from $152.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Stifel Nicolaus lifted their price objective on International Business Machines from $140.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $135.00 target price on shares of International Business Machines in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $142.91.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.