NBW Capital LLC Reduces Stock Holdings in International Business Machines Co. (NYSE:IBM)

NBW Capital LLC lowered its position in International Business Machines Co. (NYSE:IBM) by 17.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,342 shares of the technology company’s stock after selling 486 shares during the quarter. NBW Capital LLC’s holdings in International Business Machines were worth $383,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new stake in International Business Machines during the 2nd quarter worth about $28,000. Live Oak Investment Partners purchased a new stake in International Business Machines during the 4th quarter worth about $30,000. Briaud Financial Planning Inc purchased a new stake in International Business Machines during the 3rd quarter worth about $31,000. PCA Investment Advisory Services Inc. purchased a new stake in International Business Machines during the 2nd quarter worth about $31,000. Finally, Stone House Investment Management LLC increased its position in International Business Machines by 971.4% during the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the subject of a number of recent research reports. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Jefferies Financial Group began coverage on International Business Machines in a report on Friday, January 5th. They issued a “hold” rating and a $180.00 price target for the company. Royal Bank of Canada lifted their price target on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” 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. Finally, Stifel Nicolaus restated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $178.67.

International Business Machines Trading Down 1.0 %

Shares of NYSE IBM traded down $1.76 during midday trading on Thursday, hitting $181.34. The stock had a trading volume of 1,588,173 shares, compared to its average volume of 4,785,912. The company has a market capitalization of $166.24 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 3.60 and a beta of 0.70. International Business Machines Co. has a 1-year low of $120.55 and a 1-year 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 fifty day moving average price of $188.61 and a 200 day moving average price of $168.54.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate 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%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.60 EPS. On average, analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were given a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a yield of 3.66%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

International Business Machines 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.