CapWealth Advisors LLC Reduces Stock Position in International Business Machines Co. (NYSE:IBM)

CapWealth Advisors LLC lowered its position in shares of International Business Machines Co. (NYSE:IBM) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,139 shares of the technology company’s stock after selling 3,108 shares during the quarter. International Business Machines accounts for approximately 3.3% of CapWealth Advisors LLC’s investment portfolio, making the stock its 9th largest position. CapWealth Advisors LLC’s holdings in International Business Machines were worth $26,312,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new position in shares of International Business Machines in the 1st quarter worth approximately $26,000. ESL Trust Services LLC bought a new stake in International Business Machines during the first quarter worth approximately $28,000. Creekmur Asset Management LLC acquired a new position in International Business Machines in the fourth quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of International Business Machines in the fourth quarter valued at $31,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its position in shares of International Business Machines by 164.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after acquiring an additional 123 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on IBM. Stifel Nicolaus lifted their target price on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. UBS Group boosted their price objective on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday. Royal Bank of Canada upped their price objective on shares of International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Finally, Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average price target of $185.93.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $202.59 on Friday. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. International Business Machines Co. has a one year low of $135.87 and a one year high of $205.95. The business’s 50-day moving average price is $188.97 and its two-hundred day moving average price is $182.42. The company has a market capitalization of $186.10 billion, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 4.50 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.16 by $0.27. The business had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.18 EPS. Analysts anticipate that International Business Machines Co. will post 10.09 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be issued a dividend of $1.67 per share. The ex-dividend date is Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.30%. International Business Machines’s dividend payout ratio is currently 75.65%.

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.