Commonwealth Equity Services LLC Sells 10,292 Shares of International Business Machines Co. (NYSE:IBM)

Commonwealth Equity Services LLC reduced its position in shares of International Business Machines Co. (NYSE:IBM) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 718,120 shares of the technology company’s stock after selling 10,292 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.08% of International Business Machines worth $117,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in IBM. Vontobel Holding Ltd. grew its position in shares of International Business Machines by 20.3% in the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after buying an additional 80,474 shares during the period. Natixis Advisors L.P. grew its position in shares of International Business Machines by 18.1% in the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after buying an additional 57,170 shares during the period. Herold Advisors Inc. grew its position in shares of International Business Machines by 3.2% in the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after buying an additional 688 shares during the period. Tsfg LLC grew its position in shares of International Business Machines by 40.5% in the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after buying an additional 109 shares during the period. Finally, Auxano Advisors LLC grew its position in shares of International Business Machines by 4.8% in the 4th quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock worth $556,000 after buying an additional 156 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IBM. UBS Group increased their price objective on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research report on Monday, April 22nd. Sanford C. Bernstein increased their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. BMO Capital Markets cut their price objective on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. Wedbush increased their price objective 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. Finally, BNP Paribas started coverage on shares of International Business Machines in a research report on Thursday. They set an “underperform” rating and a $145.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $181.29.

International Business Machines Stock Performance

NYSE IBM traded down $0.14 on Thursday, reaching $164.29. 1,884,272 shares of the stock were exchanged, compared to its average volume of 4,974,100. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The firm has a market capitalization of $150.61 billion, a PE ratio of 18.53, a PEG ratio of 4.08 and a beta of 0.74. The company’s 50-day simple moving average is $186.54 and its two-hundred day simple moving average is $170.87. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, April 30th. 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 firm had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter last year, the business posted $1.36 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Analysts expect that International Business Machines Co. will post 9.94 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s payout ratio is 75.20%.

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.