International Business Machines Co. (NYSE:IBM) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in International Business Machines Co. (NYSE:IBM) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 718,120 shares of the technology company’s stock after selling 10,292 shares during the quarter. Commonwealth Equity Services LLC’s holdings in International Business Machines were worth $117,449,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Dakota Wealth Management boosted its stake in shares of International Business Machines by 36.9% in the 3rd quarter. Dakota Wealth Management now owns 5,536 shares of the technology company’s stock valued at $777,000 after buying an additional 1,492 shares during the period. Simon Quick Advisors LLC boosted its stake in shares of International Business Machines by 2.2% in the 3rd quarter. Simon Quick Advisors LLC now owns 5,689 shares of the technology company’s stock valued at $798,000 after buying an additional 125 shares during the period. Stratos Wealth Partners LTD. boosted its stake in shares of International Business Machines by 12.5% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 60,124 shares of the technology company’s stock valued at $8,435,000 after buying an additional 6,677 shares during the period. Independent Advisor Alliance boosted its stake in shares of International Business Machines by 3.8% in the 3rd quarter. Independent Advisor Alliance now owns 48,463 shares of the technology company’s stock valued at $6,799,000 after buying an additional 1,764 shares during the period. Finally, SkyOak Wealth LLC boosted its stake in shares of International Business Machines by 0.7% in the 3rd quarter. SkyOak Wealth LLC now owns 14,298 shares of the technology company’s stock valued at $2,006,000 after buying an additional 100 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Sanford C. Bernstein lifted their price objective on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. UBS Group lifted their price objective on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research note on Monday, April 22nd. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Finally, Jefferies Financial Group decreased their target price on International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $181.29.

International Business Machines Stock Performance

Shares of NYSE:IBM traded down $0.14 during trading on Thursday, reaching $164.29. The company had a trading volume of 1,884,272 shares, compared to its average volume of 4,974,100. The firm has a market capitalization of $150.61 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The stock’s fifty day moving average price is $186.54 and its 200 day moving average price is $170.87. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18.

International Business Machines (NYSE:IBM) last released its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 earnings per share. As a group, equities research analysts predict that International Business Machines Co. will post 9.94 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Thursday, May 9th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio is currently 75.20%.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.