International Business Machines Co. (NYSE:IBM) Shares Sold by Bigelow Investment Advisors LLC

Bigelow Investment Advisors LLC cut its position in shares of International Business Machines Co. (NYSE:IBMGet Rating) by 10.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,545 shares of the technology company’s stock after selling 305 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in International Business Machines were worth $340,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of IBM. Total Clarity Wealth Management Inc. increased its position in International Business Machines by 537.5% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 255 shares of the technology company’s stock worth $34,000 after buying an additional 215 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in International Business Machines during the fourth quarter worth $37,000. Consolidated Planning Corp purchased a new position in International Business Machines during the third quarter worth $50,000. Bray Capital Advisors increased its position in International Business Machines by 100.0% during the fourth quarter. Bray Capital Advisors now owns 402 shares of the technology company’s stock worth $54,000 after buying an additional 201 shares in the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new position in International Business Machines during the fourth quarter worth $63,000. 55.22% of the stock is owned by hedge funds and other institutional investors.

Several research firms have weighed in on IBM. BMO Capital Markets raised their price target on International Business Machines from $148.00 to $152.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 20th. Zacks Investment Research downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research report on Tuesday, April 5th. StockNews.com started coverage on International Business Machines in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Morgan Stanley lifted their price objective on International Business Machines from $150.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, April 20th. Finally, Credit Suisse Group lifted their price objective on International Business Machines from $165.00 to $166.00 and gave the company an “outperform” rating in a research report on Wednesday, April 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $146.69.

Shares of NYSE:IBM traded down $2.96 during trading on Wednesday, reaching $135.41. 93,439 shares of the stock were exchanged, compared to its average volume of 6,502,245. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.87 and a current ratio of 0.92. International Business Machines Co. has a 12-month low of $114.56 and a 12-month high of $152.84. The firm has a market cap of $121.79 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00. The firm’s 50-day moving average price is $130.99 and its 200 day moving average price is $128.50.

International Business Machines (NYSE:IBMGet Rating) last issued its earnings results on Tuesday, April 19th. The technology company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. International Business Machines had a return on equity of 42.14% and a net margin of 8.21%. The business had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $13.84 billion. During the same quarter in the previous year, the business earned $1.77 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities research analysts forecast that International Business Machines Co. will post 9.89 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Tuesday, May 10th will be issued a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Monday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.64. International Business Machines’s dividend payout ratio is currently 108.20%.

About International Business Machines (Get Rating)

International Business Machines Corporation 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, such as Red Hat, an enterprise open-source 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.

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

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