Mitchell Mcleod Pugh & Williams Inc. Sells 112 Shares of International Business Machines Co. (NYSE:IBM)

Mitchell Mcleod Pugh & Williams Inc. lowered its stake in International Business Machines Co. (NYSE:IBM) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,022 shares of the technology company’s stock after selling 112 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in International Business Machines were worth $1,476,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Desjardins Global Asset Management Inc. raised its stake in shares of International Business Machines by 1.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after buying an additional 54 shares during the period. Calamos Wealth Management LLC raised its stake in shares of International Business Machines by 2.8% in the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock worth $328,000 after buying an additional 55 shares during the period. Avion Wealth raised its stake in shares of International Business Machines by 6.2% in the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after buying an additional 56 shares during the period. Northwest Capital Management Inc raised its stake in shares of International Business Machines by 5.0% in the fourth quarter. Northwest Capital Management Inc now owns 1,230 shares of the technology company’s stock worth $201,000 after buying an additional 59 shares during the period. Finally, Financial Security Advisor Inc. raised its stake in shares of International Business Machines by 2.7% in the fourth quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock worth $384,000 after buying an additional 61 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BMO Capital Markets decreased their target price on International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research note on Thursday. Jefferies Financial Group decreased their target price on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Bank of America lifted their target price on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. JPMorgan Chase & Co. decreased their target price on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Royal Bank of Canada lifted their price objective on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $184.08.

International Business Machines Stock Performance

NYSE IBM traded down $0.20 on Monday, reaching $166.93. 930,909 shares of the company’s stock traded hands, compared to its average volume of 4,955,881. The firm has a market cap of $153.03 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 4.08 and a beta of 0.70. The stock has a 50 day moving average price of $187.60 and a 200-day moving average price of $170.53. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts predict that International Business Machines Co. will post 9.99 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.98%. International Business Machines’s dividend payout ratio (DPR) is 75.20%.

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.