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

Dumont & Blake Investment Advisors LLC lowered its stake in shares of International Business Machines Co. (NYSE:IBMFree Report) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,445 shares of the technology company’s stock after selling 499 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in International Business Machines were worth $1,545,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in International Business Machines by 0.4% during the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after acquiring an additional 365,388 shares in the last quarter. State Street Corp increased its holdings in shares of International Business Machines by 1.7% during the 2nd quarter. State Street Corp now owns 54,441,615 shares of the technology company’s stock valued at $7,284,833,000 after purchasing an additional 903,042 shares in the last quarter. Morgan Stanley lifted its stake in shares of International Business Machines by 22.8% in the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after purchasing an additional 3,084,458 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in International Business Machines by 7.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock worth $2,119,007,000 after buying an additional 1,105,170 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its holdings in International Business Machines by 98,797.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after buying an additional 11,017,849 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IBM. Sanford C. Bernstein boosted their price objective on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Bank of America raised their target price on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Royal Bank of Canada increased their price objective on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Societe Generale reiterated a “sell” rating and set a $143.00 price target on shares of International Business Machines in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $176.85.

Check Out Our Latest Report on IBM

International Business Machines Stock Up 1.0 %

Shares of International Business Machines stock traded up $1.84 on Wednesday, reaching $190.72. 1,636,475 shares of the company were exchanged, compared to its average volume of 5,080,170. The stock’s 50 day moving average price is $188.30 and its 200-day moving average price is $165.51. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The company has a market cap of $174.84 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 3.72 and a beta of 0.70.

International Business Machines (NYSE:IBMGet Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.78 by $0.09. The company had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.60 EPS. As a group, equities analysts forecast that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were issued a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is 81.67%.

International Business Machines Company Profile

(Free Report)

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.

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

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