Compagnie Lombard Odier SCmA Reduces Stock Holdings in International Business Machines Co. (NYSE:IBM)

Compagnie Lombard Odier SCmA cut its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 98,737 shares of the technology company’s stock after selling 1,590 shares during the period. Compagnie Lombard Odier SCmA’s holdings in International Business Machines were worth $24,552,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vision Financial Markets LLC acquired a new stake in International Business Machines during the 4th quarter valued at $31,000. Rialto Wealth Management LLC purchased a new position in International Business Machines in the 4th quarter valued at about $35,000. Tacita Capital Inc grew its stake in shares of International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after acquiring an additional 122 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth about $43,000. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of International Business Machines in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BMO Capital Markets reissued a “market perform” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Bank of America upped their price objective on International Business Machines from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Monday. Wedbush reiterated an “outperform” rating and issued a $300.00 target price on shares of International Business Machines in a research report on Wednesday, May 7th. Finally, Wall Street Zen lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $250.31.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $281.61 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm’s 50 day moving average is $250.36 and its two-hundred day moving average is $242.96. The firm has a market capitalization of $261.73 billion, a P/E ratio of 43.93, a PEG ratio of 5.81 and a beta of 0.66. International Business Machines Co. has a 52 week low of $167.23 and a 52 week high of $281.86.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the previous year, the business earned $1.68 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.39%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio is currently 115.66%.

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.