Baader Bank Aktiengesellschaft Sells 1,242 Shares of International Business Machines Co. (NYSE:IBM)

Baader Bank Aktiengesellschaft trimmed its holdings in International Business Machines Co. (NYSE:IBM) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,030 shares of the technology company’s stock after selling 1,242 shares during the period. Baader Bank Aktiengesellschaft’s holdings in International Business Machines were worth $3,602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Naples Money Management LLC bought a new stake in International Business Machines in the 4th quarter worth approximately $28,000. Briaud Financial Planning Inc acquired a new stake in International Business Machines during the 3rd quarter worth about $31,000. Stone House Investment Management LLC boosted its holdings in shares of International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 204 shares during the last quarter. Financial Gravity Asset Management Inc. raised its stake in shares of International Business Machines by 67.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 91 shares during the last quarter. Finally, Cordant Inc. boosted its holdings in International Business Machines by 753.3% during the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.4 %

Shares of IBM traded up $0.71 during trading hours on Thursday, reaching $168.97. 3,487,633 shares of the stock traded hands, compared to its average volume of 4,827,260. International Business Machines Co. has a 52 week low of $123.47 and a 52 week high of $199.18. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The stock has a fifty day simple moving average of $182.45 and a 200 day simple moving average of $172.84. The company has a market cap of $155.22 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 4.12 and a beta of 0.74.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. International Business Machines’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 earnings per share. On average, equities analysts forecast that International Business Machines Co. will post 9.92 EPS for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.95%. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend is Thursday, May 9th. International Business Machines’s payout ratio is 75.65%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IBM shares. Wedbush boosted their price target on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. BMO Capital Markets reduced their price objective on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. UBS Group upped their price target on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research report on Monday, April 22nd. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Jefferies Financial Group dropped their price objective on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, International Business Machines has an average rating of “Hold” and a consensus price target of $181.29.

About International Business Machines

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.