Birmingham Capital Management Co. Inc. AL Sells 179 Shares of International Business Machines Co. (NYSE:IBM)

Birmingham Capital Management Co. Inc. AL trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,958 shares of the technology company’s stock after selling 179 shares during the quarter. International Business Machines accounts for approximately 2.3% of Birmingham Capital Management Co. Inc. AL’s investment portfolio, making the stock its 12th largest holding. Birmingham Capital Management Co. Inc. AL’s holdings in International Business Machines were worth $5,873,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IBM. Souders Financial Advisors grew its stake in International Business Machines by 1.4% in the second quarter. Souders Financial Advisors now owns 4,392 shares of the technology company’s stock worth $760,000 after purchasing an additional 59 shares in the last quarter. Founders Financial Alliance LLC lifted its holdings in shares of International Business Machines by 2.9% in the 2nd quarter. Founders Financial Alliance LLC now owns 7,848 shares of the technology company’s stock worth $1,357,000 after buying an additional 220 shares during the period. Ariadne Wealth Management LP bought a new position in shares of International Business Machines during the 2nd quarter worth $351,000. SPC Financial Inc. raised its holdings in shares of International Business Machines by 0.8% in the second quarter. SPC Financial Inc. now owns 16,637 shares of the technology company’s stock valued at $2,877,000 after acquiring an additional 127 shares in the last quarter. Finally, Advisory Alpha LLC lifted its stake in International Business Machines by 0.8% in the second quarter. Advisory Alpha LLC now owns 7,748 shares of the technology company’s stock worth $1,340,000 after acquiring an additional 65 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Down 0.8 %

Shares of International Business Machines stock opened at $219.36 on Wednesday. The firm’s 50 day simple moving average is $201.62 and its two-hundred day simple moving average is $185.54. The firm has a market capitalization of $201.50 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 4.90 and a beta of 0.70. International Business Machines Co. has a 12-month low of $135.87 and a 12-month high of $224.15. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the prior year, the firm earned $2.18 EPS. The firm’s revenue was up 1.9% on a year-over-year basis. Analysts predict that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Analyst Ratings Changes

Several research firms have recently commented on IBM. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Stifel Nicolaus upped their target price on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. BMO Capital Markets boosted their price target on International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Evercore ISI lifted their target price on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada boosted their target price on shares of International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $191.93.

International Business Machines Company Profile

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.