Douglass Winthrop Advisors LLC Sells 81 Shares of International Business Machines Co. (NYSE:IBM)

Douglass Winthrop Advisors LLC decreased its stake in shares of International Business Machines Co. (NYSE:IBMFree Report) by 0.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 19,014 shares of the technology company’s stock after selling 81 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in International Business Machines were worth $3,110,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Desjardins Global Asset Management Inc. increased its holdings in International Business Machines by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after buying an additional 54 shares during the period. Calamos Wealth Management LLC lifted its stake in International Business Machines by 2.8% during the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock worth $328,000 after purchasing an additional 55 shares during the period. Avion Wealth lifted its stake in International Business Machines by 6.2% during the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after purchasing an additional 56 shares during the period. Northwest Capital Management Inc raised its stake in shares of International Business Machines by 5.0% in the fourth quarter. Northwest Capital Management Inc now owns 1,230 shares of the technology company’s stock valued at $201,000 after acquiring an additional 59 shares during the last quarter. Finally, Financial Security Advisor Inc. boosted its holdings in shares of International Business Machines by 2.7% in the 4th quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock worth $384,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the subject of several research analyst reports. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Morgan Stanley dropped their price objective on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. JPMorgan Chase & Co. dropped their target price on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. BNP Paribas started coverage on shares of International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 target price for the company. Finally, Jefferies Financial Group dropped their target price on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $181.29.

View Our Latest Stock Analysis on International Business Machines

International Business Machines Stock Performance

NYSE:IBM traded up $0.22 during mid-day trading on Monday, hitting $170.89. The stock had a trading volume of 2,587,800 shares, compared to its average volume of 4,752,085. International Business Machines Co. has a twelve month low of $125.01 and a twelve month high of $199.18. The stock has a market cap of $156.98 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 4.21 and a beta of 0.74. The company’s 50 day simple moving average is $178.71 and its 200 day simple moving average is $174.39. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13.

International Business Machines (NYSE:IBMGet Free Report) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. During the same period last year, the business posted $1.36 EPS. International Business Machines’s revenue was up 1.5% on a year-over-year basis. On average, equities research analysts forecast that International Business Machines Co. will post 9.91 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a $1.67 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

About International Business Machines

(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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