International Business Machines Corporation $IBM Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in International Business Machines Corporation (NYSE:IBM) by 33.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 308,951 shares of the technology company’s stock after selling 154,661 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in International Business Machines were worth $91,514,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Family CFO Inc acquired a new stake in shares of International Business Machines in the fourth quarter valued at $25,000. Basepoint Wealth LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at $25,000. Joseph Group Capital Management acquired a new stake in shares of International Business Machines in the fourth quarter valued at $28,000. Cornerstone Financial Management LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at $28,000. Finally, SWAN Capital LLC acquired a new stake in shares of International Business Machines in the third quarter valued at $28,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of research reports. Stifel Nicolaus set a $290.00 price objective on International Business Machines in a research note on Friday, May 22nd. Roth Mkm reiterated a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. Barclays assumed coverage on International Business Machines in a report on Monday, June 1st. They issued an “overweight” rating and a $350.00 target price for the company. Jefferies Financial Group decreased their target price on International Business Machines from $370.00 to $320.00 and set a “buy” rating for the company in a report on Monday, April 20th. Finally, Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $304.17.

International Business Machines Stock Down 1.1%

Shares of NYSE IBM opened at $271.77 on Friday. The company has a market capitalization of $255.43 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 2.82 and a beta of 0.67. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The business has a 50-day moving average of $250.02 and a two-hundred day moving average of $270.34. International Business Machines Corporation has a 1 year low of $212.34 and a 1 year high of $332.46.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The company had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.International Business Machines’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.60 EPS. On average, analysts forecast that International Business Machines Corporation will post 12.38 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a dividend of $1.69 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date of this dividend was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a yield of 2.5%. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

About International Business Machines

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.