Radnor Capital Management LLC Sells 2,823 Shares of International Business Machines Corporation $IBM

Radnor Capital Management LLC cut its holdings in shares of International Business Machines Corporation (NYSE:IBMFree Report) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,021 shares of the technology company’s stock after selling 2,823 shares during the period. International Business Machines makes up approximately 2.6% of Radnor Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Radnor Capital Management LLC’s holdings in International Business Machines were worth $17,779,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Family CFO Inc bought a new position in shares of International Business Machines during the 4th quarter valued at about $25,000. Joseph Group Capital Management bought a new stake in International Business Machines during the 4th quarter worth approximately $28,000. SWAN Capital LLC bought a new stake in International Business Machines during the 3rd quarter worth approximately $28,000. LFA Lugano Financial Advisors SA acquired a new stake in International Business Machines during the 4th quarter worth approximately $31,000. Finally, DecisionPoint Financial LLC raised its holdings in International Business Machines by 1,666.7% during the 4th quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock worth $31,000 after buying an additional 100 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Michael Miebach bought 434 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the acquisition, the director owned 434 shares of the company’s stock, valued at approximately $101,265.22. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IBM shares. Stifel Nicolaus reduced their price target on shares of International Business Machines from $340.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. JPMorgan Chase & Co. cut their price objective on shares of International Business Machines from $317.00 to $283.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. Morgan Stanley upped their target price on shares of International Business Machines from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Argus set a $360.00 target price on International Business Machines in a report on Friday, January 30th. Finally, Royal Bank Of Canada dropped their price target on International Business Machines from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.41.

Read Our Latest Stock Report on IBM

International Business Machines Stock Performance

Shares of IBM stock opened at $222.84 on Tuesday. International Business Machines Corporation has a 12 month low of $212.34 and a 12 month high of $324.90. The company’s fifty day simple moving average is $239.81 and its 200-day simple moving average is $274.15. The firm has a market cap of $209.45 billion, a PE ratio of 19.70, a P/E/G ratio of 2.27 and a beta of 0.58. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBMGet Free Report) last released its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. During the same quarter last year, the firm earned $1.60 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts expect that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a $1.69 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, May 8th. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

International Business Machines Company Profile

(Free Report)

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

See Also

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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