International Business Machines Co. (NYSE:IBM) Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,938 shares of the technology company’s stock after selling 1,214 shares during the quarter. Romano Brothers AND Company’s holdings in International Business Machines were worth $5,076,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Live Oak Investment Partners acquired a new stake in International Business Machines during the fourth quarter worth about $30,000. GW&K Investment Management LLC acquired a new stake in International Business Machines during the first quarter worth about $33,000. First Command Advisory Services Inc. acquired a new stake in shares of International Business Machines in the first quarter valued at approximately $37,000. Kepos Capital LP acquired a new stake in shares of International Business Machines in the fourth quarter valued at approximately $42,000. Finally, Pacific Center for Financial Services acquired a new stake in shares of International Business Machines in the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 56.16% of the company’s stock.

International Business Machines Price Performance

NYSE:IBM traded up $0.76 during trading hours on Tuesday, reaching $145.85. 1,750,039 shares of the company’s stock were exchanged, compared to its average volume of 4,527,339. The company has a market capitalization of $132.87 billion, a P/E ratio of 67.18, a price-to-earnings-growth ratio of 3.71 and a beta of 0.85. International Business Machines Co. has a 12 month low of $115.54 and a 12 month high of $153.21. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.28. The business’s 50-day simple moving average is $142.59 and its two-hundred day simple moving average is $133.71.

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, topping analysts’ consensus estimates of $2.00 by $0.18. The firm had revenue of $15.48 billion during the quarter, compared to analysts’ expectations of $15.58 billion. International Business Machines had a net margin of 3.35% and a return on equity of 38.10%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. Sell-side analysts expect that International Business Machines Co. will post 9.43 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. JPMorgan Chase & Co. assumed coverage on shares of International Business Machines in a research note on Friday, July 7th. They issued a “neutral” rating and a $145.00 price target on the stock. Stifel Nicolaus raised their price target on shares of International Business Machines from $140.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Bank of America raised their price target on shares of International Business Machines from $152.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Finally, Wedbush reiterated a “neutral” rating and issued a $140.00 price objective on shares of International Business Machines in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus 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.