International Business Machines Co. (NYSE:IBM) Shares Sold by Appleton Partners Inc. MA

Appleton Partners Inc. MA decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 2.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,943 shares of the technology company’s stock after selling 165 shares during the quarter. Appleton Partners Inc. MA’s holdings in International Business Machines were worth $1,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. ERn Financial LLC grew its stake in shares of International Business Machines by 4.2% in the 4th quarter. ERn Financial LLC now owns 1,886 shares of the technology company’s stock valued at $266,000 after purchasing an additional 76 shares during the last quarter. IRON Financial LLC grew its stake in shares of International Business Machines by 4.4% in the 4th quarter. IRON Financial LLC now owns 1,849 shares of the technology company’s stock valued at $261,000 after purchasing an additional 78 shares during the last quarter. Wintrust Investments LLC grew its stake in shares of International Business Machines by 3.9% in the 4th quarter. Wintrust Investments LLC now owns 2,173 shares of the technology company’s stock valued at $306,000 after purchasing an additional 82 shares during the last quarter. Forte Capital LLC ADV boosted its stake in shares of International Business Machines by 0.9% in the fourth quarter. Forte Capital LLC ADV now owns 9,423 shares of the technology company’s stock valued at $1,328,000 after buying an additional 82 shares in the last quarter. Finally, Tranquility Partners LLC boosted its stake in shares of International Business Machines by 5.0% in the first quarter. Tranquility Partners LLC now owns 1,730 shares of the technology company’s stock valued at $227,000 after buying an additional 82 shares in the last quarter. 56.16% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

International Business Machines stock opened at $145.99 on Friday. The firm has a market capitalization of $133.00 billion, a P/E ratio of 67.59, a PEG ratio of 3.72 and a beta of 0.85. The stock has a fifty day moving average price of $142.31 and a 200 day moving average price of $133.53. International Business Machines Co. has a 52 week low of $115.54 and a 52 week high of $153.21. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.28.

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

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were given a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend was Wednesday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 307.41%.

Wall Street Analyst Weigh In

IBM has been the topic of a number of analyst reports. Bank of America lifted their price target on International Business Machines from $152.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Morgan Stanley restated an “equal weight” rating and issued a $135.00 price target on shares of International Business Machines in a research note on Thursday, July 20th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Stifel Nicolaus lifted their price objective on International Business Machines from $140.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Finally, JPMorgan Chase & Co. started coverage on International Business Machines in a report on Friday, July 7th. They set a “neutral” rating and a $145.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.