PFG Advisors Lowers Holdings in International Business Machines Co. (NYSE:IBM)

PFG Advisors reduced its position in shares of International Business Machines Co. (NYSE:IBMFree Report) by 11.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,207 shares of the technology company’s stock after selling 653 shares during the quarter. PFG Advisors’ holdings in International Business Machines were worth $852,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Thrive Wealth Management LLC boosted its holdings in shares of International Business Machines by 0.9% in the fourth quarter. Thrive Wealth Management LLC now owns 7,311 shares of the technology company’s stock valued at $1,196,000 after purchasing an additional 64 shares during the period. Journey Strategic Wealth LLC lifted its holdings in shares of International Business Machines by 2.9% in the 3rd quarter. Journey Strategic Wealth LLC now owns 2,459 shares of the technology company’s stock worth $345,000 after buying an additional 69 shares during the period. Columbia Trust Co 01012016 grew its position in shares of International Business Machines by 3.8% during the 4th quarter. Columbia Trust Co 01012016 now owns 1,875 shares of the technology company’s stock worth $307,000 after buying an additional 69 shares in the last quarter. Syntegra Private Wealth Group LLC increased its stake in shares of International Business Machines by 1.6% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 4,461 shares of the technology company’s stock valued at $730,000 after buying an additional 70 shares during the period. Finally, Perkins Coie Trust Co lifted its stake in International Business Machines by 0.3% in the third quarter. Perkins Coie Trust Co now owns 21,220 shares of the technology company’s stock worth $2,977,000 after acquiring an additional 72 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $189.81 on Tuesday. The firm has a market capitalization of $174.01 billion, a P/E ratio of 23.35, a PEG ratio of 3.74 and a beta of 0.70. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The company has a 50 day moving average price of $187.66 and a 200 day moving average price of $164.91.

International Business Machines (NYSE:IBMGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.78 by $0.09. The business had revenue of $17.38 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.60 earnings per share. Sell-side analysts expect that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is presently 81.67%.

Analysts Set New Price Targets

A number of research analysts have commented on IBM shares. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their target price for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Bank of America boosted their price target on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Royal Bank of Canada boosted their target price on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Societe Generale restated a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $176.85.

Check Out Our Latest Research Report on IBM

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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