Americana Partners LLC Sells 827 Shares of International Business Machines Co. (NYSE:IBM)

Americana Partners LLC lowered its position in shares of International Business Machines Co. (NYSE:IBM) by 1.2% during the third quarter, Holdings Channel.com reports. The firm owned 67,511 shares of the technology company’s stock after selling 827 shares during the quarter. International Business Machines accounts for 1.0% of Americana Partners LLC’s portfolio, making the stock its 25th biggest holding. Americana Partners LLC’s holdings in International Business Machines were worth $14,925,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Focus Financial Network Inc. boosted its position in International Business Machines by 3.2% in the third quarter. Focus Financial Network Inc. now owns 6,557 shares of the technology company’s stock worth $1,450,000 after purchasing an additional 206 shares during the last quarter. Stephens Inc. AR raised its position in International Business Machines by 4.5% in the 3rd quarter. Stephens Inc. AR now owns 70,695 shares of the technology company’s stock worth $15,629,000 after purchasing an additional 3,075 shares during the period. Summit Wealth Partners LLC grew its stake in shares of International Business Machines by 5.5% in the third quarter. Summit Wealth Partners LLC now owns 1,934 shares of the technology company’s stock worth $428,000 after purchasing an additional 101 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC purchased a new position in International Business Machines during the 3rd quarter valued at $267,000. Finally, IRON Financial LLC bought a new position in shares of International Business Machines in the 3rd quarter worth approximately $229,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Up 1.5 %

International Business Machines stock traded up $3.09 during trading hours on Friday, hitting $209.81. The company had a trading volume of 951,783 shares, compared to its average volume of 4,259,391. The firm has a market cap of $193.27 billion, a P/E ratio of 30.48, a P/E/G ratio of 4.28 and a beta of 0.70. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a 1 year low of $144.84 and a 1 year high of $237.37. The company has a 50-day moving average price of $216.60 and a two-hundred day moving average price of $191.05.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 earnings per share. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a $1.67 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.18%. International Business Machines’s dividend payout ratio (DPR) is 97.23%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a research note on Wednesday, October 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Bank of America boosted their price target on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $208.12.

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.