Gitterman Wealth Management LLC Trims Stock Position in International Business Machines Co. (NYSE:IBM)

Gitterman Wealth Management LLC lessened its holdings in International Business Machines Co. (NYSE:IBM) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,030 shares of the technology company’s stock after selling 138 shares during the period. International Business Machines accounts for approximately 0.6% of Gitterman Wealth Management LLC’s portfolio, making the stock its 12th largest holding. Gitterman Wealth Management LLC’s holdings in International Business Machines were worth $1,313,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Naples Money Management LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at approximately $28,000. Briaud Financial Planning Inc acquired a new position in International Business Machines during the third quarter worth approximately $31,000. Stone House Investment Management LLC increased its position in International Business Machines by 971.4% during the third 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 during the last quarter. Financial Gravity Asset Management Inc. increased its position in International Business Machines by 67.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 91 shares during the last quarter. Finally, Cordant Inc. increased its position 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 purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM traded down $1.78 during midday trading on Friday, hitting $167.13. 8,983,796 shares of the stock traded hands, compared to its average volume of 3,906,041. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The firm has a market capitalization of $153.21 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.93 and a current ratio of 1.13. The business’s 50 day moving average price is $187.60 and its two-hundred day moving average price is $170.34.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. The company’s revenue for the quarter 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 business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 75.20%.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent research reports. Societe Generale reissued a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a research report on Friday, January 5th. Morgan Stanley cut their price objective on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. BMO Capital Markets dropped their target price on International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a report on Thursday. Finally, UBS Group upped their price target on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $184.08.

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.