International Business Machines Co. (NYSE:IBM) Shares Sold by Northeast Investment Management

Northeast Investment Management trimmed its position in International Business Machines Co. (NYSE:IBM) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,932 shares of the technology company’s stock after selling 150 shares during the period. Northeast Investment Management’s holdings in International Business Machines were worth $1,524,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IBM. Benedict Financial Advisors Inc. boosted its stake in International Business Machines by 7.3% during the 4th quarter. Benedict Financial Advisors Inc. now owns 4,794 shares of the technology company’s stock worth $1,054,000 after purchasing an additional 327 shares during the last quarter. Richard C. Young & CO. LTD. boosted its position in International Business Machines by 0.6% during the fourth quarter. Richard C. Young & CO. LTD. now owns 65,734 shares of the technology company’s stock worth $14,450,000 after acquiring an additional 416 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its holdings in International Business Machines by 4.7% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 3,657 shares of the technology company’s stock valued at $804,000 after acquiring an additional 164 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new position in International Business Machines in the 4th quarter worth approximately $628,000. Finally, Forbes J M & Co. LLP boosted its holdings in shares of International Business Machines by 0.5% during the 4th quarter. Forbes J M & Co. LLP now owns 66,987 shares of the technology company’s stock worth $14,726,000 after purchasing an additional 328 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on IBM shares. Wedbush began coverage on International Business Machines in a research note on Monday, February 3rd. They set an “outperform” rating on the stock. UBS Group upped their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. Morgan Stanley boosted their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $225.53.

International Business Machines Trading Down 0.4 %

Shares of IBM stock opened at $252.31 on Friday. The stock has a market capitalization of $233.30 billion, a P/E ratio of 39.36, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a 50 day moving average price of $229.76 and a 200 day moving average price of $216.92.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Equities research analysts predict that International Business Machines Co. will post 10.75 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio is presently 104.21%.

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.