International Business Machines Co. (NYSE:IBM) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lowered its position in shares of International Business Machines Co. (NYSE:IBMGet Rating) by 10.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 6,186 shares of the technology company’s stock after selling 709 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in International Business Machines were worth $804,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Voloridge Investment Management LLC purchased a new position in shares of International Business Machines during the 3rd quarter valued at about $6,488,000. Thrivent Financial for Lutherans raised its stake in shares of International Business Machines by 20.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 68,353 shares of the technology company’s stock valued at $9,648,000 after buying an additional 11,645 shares during the last quarter. Atria Investments LLC raised its stake in shares of International Business Machines by 2.5% during the 3rd quarter. Atria Investments LLC now owns 37,366 shares of the technology company’s stock valued at $5,191,000 after buying an additional 900 shares during the last quarter. Laffer Tengler Investments purchased a new position in shares of International Business Machines during the 3rd quarter valued at about $132,000. Finally, Captrust Financial Advisors raised its stake in shares of International Business Machines by 10.5% during the 3rd quarter. Captrust Financial Advisors now owns 96,147 shares of the technology company’s stock valued at $13,358,000 after buying an additional 9,171 shares during the last quarter. 55.22% of the stock is owned by institutional investors.

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

Shares of International Business Machines stock opened at $137.08 on Thursday. The stock has a market cap of $123.29 billion, a P/E ratio of 22.47, a P/E/G ratio of 1.51 and a beta of 1.00. The stock’s 50 day simple moving average is $135.37 and its 200-day simple moving average is $131.54. International Business Machines Co. has a 1-year low of $114.56 and a 1-year high of $147.50. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.92 and a quick ratio of 0.87.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Tuesday, May 10th were issued a $1.65 dividend. The ex-dividend date was Monday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.64. This represents a $6.60 dividend on an annualized basis and a yield of 4.81%. International Business Machines’s dividend payout ratio is currently 108.20%.

In related news, major shareholder Business Machine International sold 22,301,536 shares of the company’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 transaction, the insider now directly owns 22,301,536 shares in the company, valued at $311,106,427.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.04% of the company’s stock.

International Business Machines Company 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.

Further Reading

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

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