International Business Machines Co. (NYSE:IBM) Shares Sold by World Asset Management Inc

World Asset Management Inc decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,626 shares of the technology company’s stock after selling 1,223 shares during the period. World Asset Management Inc’s holdings in International Business Machines were worth $5,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Financial Consulate Inc. increased its position in shares of International Business Machines by 4.4% during the 2nd quarter. Financial Consulate Inc. now owns 1,695 shares of the technology company’s stock worth $248,000 after purchasing an additional 72 shares during the last quarter. SNS Financial Group LLC increased its position in shares of International Business Machines by 1.7% during the 2nd quarter. SNS Financial Group LLC now owns 4,477 shares of the technology company’s stock worth $656,000 after purchasing an additional 75 shares during the last quarter. SignalPoint Asset Management LLC grew its position in International Business Machines by 2.0% in the 2nd quarter. SignalPoint Asset Management LLC now owns 3,922 shares of the technology company’s stock valued at $575,000 after acquiring an additional 77 shares in the last quarter. Signature Wealth Management Partners LLC grew its position in International Business Machines by 1.9% in the 2nd quarter. Signature Wealth Management Partners LLC now owns 4,244 shares of the technology company’s stock valued at $622,000 after acquiring an additional 78 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its position in International Business Machines by 1.2% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 6,379 shares of the technology company’s stock valued at $935,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 55.24% of the company’s stock.

Several equities analysts have weighed in on IBM shares. Societe Generale raised International Business Machines from a “sell” rating to a “hold” rating and lifted their target price for the company from $121.00 to $140.00 in a research report on Tuesday, July 20th. Morgan Stanley lifted their price objective on International Business Machines from $152.00 to $164.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 20th. Citigroup lifted their price objective on International Business Machines from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, July 20th. Finally, BMO Capital Markets lifted their price objective on International Business Machines from $150.00 to $155.00 and gave the company a “market perform” rating in a research note on Friday, July 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $149.86.

IBM stock traded up $1.04 during trading on Wednesday, hitting $137.26. 47,400 shares of the company’s stock were exchanged, compared to its average volume of 5,261,347. The business has a 50-day moving average price of $140.48 and a two-hundred day moving average price of $139.61. The stock has a market capitalization of $123.03 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.56 and a beta of 1.22. International Business Machines Co. has a 52-week low of $105.92 and a 52-week high of $152.84. The company has a current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 2.21.

International Business Machines (NYSE:IBM) last posted its earnings results on Sunday, July 18th. The technology company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.04. International Business Machines had a return on equity of 36.79% and a net margin of 7.17%. The firm had revenue of $18.75 billion during the quarter, compared to analysts’ expectations of $18.30 billion. During the same quarter in the previous year, the business earned $2.18 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that International Business Machines Co. will post 10.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Tuesday, August 10th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend was Monday, August 9th. International Business Machines’s dividend payout ratio is currently 75.66%.

International Business Machines Profile

International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Cloud and Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing.

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

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