Levin Capital Strategies L.P. Sells 1,912 Shares of International Business Machines Co. (NYSE:IBM)

Levin Capital Strategies L.P. lessened its stake in International Business Machines Co. (NYSE:IBM) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,681 shares of the technology company’s stock after selling 1,912 shares during the period. International Business Machines accounts for 2.9% of Levin Capital Strategies L.P.’s portfolio, making the stock its 9th largest holding. Levin Capital Strategies L.P.’s holdings in International Business Machines were worth $26,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Vontobel Holding Ltd. lifted its position in International Business Machines by 20.3% during 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 in the last quarter. Natixis Advisors L.P. grew its position in shares of International Business Machines by 18.1% during the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after purchasing an additional 57,170 shares in the last quarter. Herold Advisors Inc. boosted its position in shares of International Business Machines by 3.2% during the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after acquiring an additional 688 shares in the last quarter. Tsfg LLC boosted its position in shares of International Business Machines by 40.5% during the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after acquiring an additional 109 shares in the last quarter. Finally, Auxano Advisors LLC boosted its position in shares of International Business Machines by 4.8% during the 4th quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock worth $556,000 after acquiring an additional 156 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IBM. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday. Sanford C. Bernstein boosted their price target on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. UBS Group boosted their price target on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday, April 22nd. Finally, BNP Paribas assumed coverage on shares of International Business Machines in a research report on Thursday. They issued an “underperform” rating and a $145.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $181.29.

International Business Machines Stock Performance

Shares of IBM traded down $0.24 on Thursday, reaching $164.19. The company’s stock had a trading volume of 2,185,643 shares, compared to its average volume of 4,977,105. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18. The stock has a market capitalization of $150.52 billion, a P/E ratio of 18.53, a PEG ratio of 4.08 and a beta of 0.74. The stock’s 50 day simple moving average is $186.54 and its two-hundred day simple moving average is $170.87. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating 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 company had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. During the same quarter in the prior year, the firm earned $1.36 earnings per share. International Business Machines’s revenue was up 1.5% on a year-over-year basis. Research analysts forecast that International Business Machines Co. will post 9.94 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

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