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International Business Machines Co. (NYSE:IBM) Shares Sold

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Stonnington Group LLC lowered its position in shares of International Business Machines Co. (NYSE:IBM – Get Rating) by 14.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,750 shares of the technology company’s stock after selling 300 shares during the period. Stonnington Group LLC’s holdings in International Business Machines were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in IBM. MCIA Inc grew its position in International Business Machines by 2.3% in the first quarter. MCIA Inc now owns 13,345 shares of the technology company’s stock worth $1,686,000 after acquiring an additional 294 shares during the period. Pacifica Partners Inc. lifted its stake in shares of International Business Machines by 28.8% in the 1st quarter. Pacifica Partners Inc. now owns 926 shares of the technology company’s stock valued at $115,000 after purchasing an additional 207 shares during the last quarter. CCG Wealth Management LLC purchased a new position in shares of International Business Machines during the 1st quarter worth $222,000. Brookstone Capital Management increased its position in shares of International Business Machines by 18.6% during the 1st quarter. Brookstone Capital Management now owns 58,003 shares of the technology company’s stock worth $7,330,000 after purchasing an additional 9,091 shares during the last quarter. Finally, Cooper Financial Group raised its holdings in International Business Machines by 4.4% in the 1st quarter. Cooper Financial Group now owns 11,441 shares of the technology company’s stock valued at $1,488,000 after buying an additional 485 shares during the period. 55.22% of the stock is currently owned by hedge funds and other institutional investors.

In other International Business Machines news, major shareholder Business Machine International sold 22,301,536 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $13.95, for a total value of $311,106,427.20. Following the completion of the sale, the insider now owns 22,301,536 shares in the company, valued at $311,106,427.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.04% of the company’s stock.

Shares of International Business Machines stock opened at $138.44 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 2.44. The company has a fifty day simple moving average of $135.61 and a 200-day simple moving average of $131.67. The stock has a market cap of $124.52 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 1.55 and a beta of 1.00. International Business Machines Co. has a 12-month low of $114.56 and a 12-month high of $147.50.

International Business Machines (NYSE:IBM – Get Rating) last released its quarterly earnings data on Tuesday, April 19th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. International Business Machines had a net margin of 8.21% and a return on equity of 42.14%. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $13.84 billion. During the same quarter in the prior year, the firm posted $1.77 earnings per share. International Business Machines’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts forecast that International Business Machines Co. will post 9.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Tuesday, May 10th were paid a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date was Monday, May 9th. This is an increase from International Business Machines’s previous quarterly dividend of $1.64. International Business Machines’s dividend payout ratio (DPR) is currently 108.20%.

Several equities analysts have recently commented on the stock. Tigress Financial upped their price objective on shares of International Business Machines from $133.00 to $139.00 and gave the stock a “neutral” rating in a report on Thursday, April 21st. Credit Suisse Group increased their target price on shares of International Business Machines from $165.00 to $166.00 and gave the stock an “outperform” rating in a report on Wednesday, April 20th. StockNews.com assumed coverage on shares of International Business Machines in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Morgan Stanley lifted their target price on International Business Machines from $150.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, April 20th. Finally, BMO Capital Markets upped their price target on International Business Machines from $148.00 to $152.00 and gave the stock a “market perform” rating in a report on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, International Business Machines has a consensus rating of “Hold” and a consensus price target of $147.25.

International Business Machines Profile (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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