Smart Portfolios LLC Sells 54 Shares of International Business Machines Co. (NYSE:IBM)

Smart Portfolios LLC lessened its holdings in shares of International Business Machines Co. (NYSE:IBM) by 1.5% in the third quarter, HoldingsChannel.com reports. The firm owned 3,481 shares of the technology company’s stock after selling 54 shares during the period. Smart Portfolios LLC’s holdings in International Business Machines were worth $770,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of IBM. Ellenbecker Investment Group raised its stake in shares of International Business Machines by 2.3% during the 3rd quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company’s stock worth $453,000 after purchasing an additional 46 shares during the period. Goldstein Advisors LLC increased its holdings in International Business Machines by 4.0% during the third quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company’s stock worth $269,000 after buying an additional 47 shares during the last quarter. Sollinda Capital Management LLC raised its position in International Business Machines by 3.7% in the third quarter. Sollinda Capital Management LLC now owns 1,360 shares of the technology company’s stock worth $301,000 after acquiring an additional 49 shares during the period. Lansing Street Advisors boosted its stake in International Business Machines by 3.4% in the third quarter. Lansing Street Advisors now owns 1,503 shares of the technology company’s stock valued at $332,000 after acquiring an additional 49 shares during the last quarter. Finally, Northern Financial Advisors Inc grew its position in shares of International Business Machines by 0.6% during the 3rd quarter. Northern Financial Advisors Inc now owns 7,815 shares of the technology company’s stock valued at $1,728,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Thursday, October 24th. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a report on Wednesday, October 2nd. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, UBS Group increased their target price on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $208.12.

International Business Machines Price Performance

Shares of IBM traded up $4.35 during mid-day trading on Wednesday, reaching $211.92. 885,652 shares of the stock traded hands, compared to its average volume of 4,238,579. The company has a market cap of $195.95 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 4.68 and a beta of 0.71. International Business Machines Co. has a 1 year low of $145.28 and a 1 year high of $237.37. The firm has a fifty day moving average price of $217.19 and a 200 day moving average price of $191.71. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the previous year, the firm earned $2.20 earnings per share. International Business Machines’s revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts predict that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio is currently 97.23%.

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.