CapWealth Advisors LLC Sells 3,707 Shares of International Business Machines Co. (NYSE:IBM)

CapWealth Advisors LLC cut its position in shares of International Business Machines Co. (NYSE:IBM) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 155,865 shares of the technology company’s stock after selling 3,707 shares during the quarter. International Business Machines accounts for about 3.1% of CapWealth Advisors LLC’s portfolio, making the stock its 7th biggest holding. CapWealth Advisors LLC’s holdings in International Business Machines were worth $25,492,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IBM. Moneta Group Investment Advisors LLC lifted its position in shares of International Business Machines by 98,797.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after buying an additional 11,017,849 shares during the last quarter. Norges Bank acquired a new stake in shares of International Business Machines in the fourth quarter valued at approximately $876,014,000. Morgan Stanley lifted its position in shares of International Business Machines by 22.8% in the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after buying an additional 3,084,458 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in International Business Machines by 15,439.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock worth $433,974,000 after purchasing an additional 2,636,386 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in International Business Machines by 35.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock worth $579,892,000 after purchasing an additional 1,163,790 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IBM. Royal Bank of Canada lifted their price target on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. BMO Capital Markets lifted their price target on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Sanford C. Bernstein lifted their price target on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Finally, Societe Generale reaffirmed a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and an average target price of $178.67.

International Business Machines Price Performance

IBM stock traded down $0.54 during midday trading on Thursday, reaching $182.56. 1,150,849 shares of the stock were exchanged, compared to its average volume of 4,780,141. The stock has a market capitalization of $167.36 billion, a PE ratio of 22.56, a P/E/G ratio of 3.60 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 debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The company has a fifty day moving average price of $188.61 and a 200 day moving average price of $168.54.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The business had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. International Business Machines’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.60 EPS. As a group, analysts expect that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.64%. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

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.