AlphaMark Advisors LLC Sells 460 Shares of International Business Machines Co. (NYSE:IBM)

AlphaMark Advisors LLC cut its holdings in shares of International Business Machines Co. (NYSE:IBM) by 4.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,875 shares of the technology company’s stock after selling 460 shares during the period. AlphaMark Advisors LLC’s holdings in International Business Machines were worth $1,695,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in International Business Machines in the fourth quarter valued at $1,019,009,000. International Assets Investment Management LLC increased its holdings in International Business Machines by 15,439.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock valued at $433,974,000 after purchasing an additional 2,636,386 shares during the period. Morgan Stanley increased its holdings in International Business Machines by 13.4% in the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after purchasing an additional 1,919,490 shares during the period. Capital Wealth Planning LLC acquired a new stake in International Business Machines in the fourth quarter valued at $172,887,000. Finally, Junto Capital Management LP acquired a new stake in International Business Machines in the fourth quarter valued at $62,020,000. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IBM. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Wedbush upped their price target on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. cut their price target on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. The Goldman Sachs Group began coverage on shares of International Business Machines in a research report on Monday, June 24th. They set a “buy” rating and a $200.00 price target on the stock. Finally, Sanford C. Bernstein upped their price target on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $182.53.

International Business Machines Stock Up 1.2 %

NYSE:IBM traded up $2.15 on Monday, hitting $175.10. The stock had a trading volume of 3,306,813 shares, compared to its average volume of 4,556,641. The firm’s fifty day simple moving average is $169.95 and its two-hundred day simple moving average is $176.57. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. International Business Machines Co. has a 1 year low of $131.55 and a 1 year high of $199.18. The stock has a market cap of $160.85 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 4.27 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $14.53 billion. During the same quarter last year, the business posted $1.36 EPS. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. Analysts predict that International Business Machines Co. will post 9.9 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.81%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date was Thursday, May 9th. International Business Machines’s payout ratio is currently 75.65%.

International Business Machines 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.