Telos Capital Management Inc. Reduces Stock Position in International Business Machines Co. (NYSE:IBM)

Telos Capital Management Inc. reduced its holdings in shares of International Business Machines Co. (NYSE:IBM) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,512 shares of the technology company’s stock after selling 171 shares during the quarter. Telos Capital Management Inc.’s holdings in International Business Machines were worth $574,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Vontobel Holding Ltd. boosted its holdings in International Business Machines by 20.3% in the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after purchasing an additional 80,474 shares during the period. Natixis Advisors L.P. increased its position in shares of International Business Machines by 18.1% during the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after buying an additional 57,170 shares during the period. Herold Advisors Inc. increased its position in shares of International Business Machines by 3.2% during the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after buying an additional 688 shares during the period. Tsfg LLC boosted its stake in International Business Machines by 40.5% during the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after acquiring an additional 109 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new stake in International Business Machines during the third quarter worth about $661,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IBM. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Jefferies Financial Group began coverage on shares of International Business Machines in a research note on Friday, January 5th. They issued a “hold” rating and a $180.00 target price on the stock. Bank of America upped 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. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $178.67.

International Business Machines Stock Down 0.4 %

Shares of IBM stock opened at $183.05 on Thursday. The company has a 50 day simple moving average of $188.61 and a two-hundred day simple moving average of $168.54. The stock has a market cap of $167.81 billion, a P/E ratio of 22.52, a P/E/G ratio of 3.60 and a beta of 0.70. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.78 by $0.09. The firm had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $3.60 EPS. On average, research analysts expect that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 annualized dividend and a yield of 3.63%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is presently 81.67%.

International Business Machines 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.