Livforsakringsbolaget Skandia Omsesidigt Has $272,000 Holdings in International Business Machines Co. (NYSE:IBM)

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in International Business Machines Co. (NYSE:IBM) by 27.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,572 shares of the technology company’s stock after selling 600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in International Business Machines were worth $272,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of International Business Machines by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock valued at $16,833,642,000 after purchasing an additional 5,546,855 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in International Business Machines by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,465,214 shares of the technology company’s stock worth $1,048,631,000 after buying an additional 61,028 shares in the last quarter. Norges Bank acquired a new position in International Business Machines during the 4th quarter worth $1,019,009,000. Dimensional Fund Advisors LP lifted its stake in shares of International Business Machines by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,500,184 shares of the technology company’s stock valued at $736,015,000 after purchasing an additional 97,482 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of International Business Machines by 151.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock valued at $671,352,000 after purchasing an additional 2,118,165 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. UBS Group raised their target price on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research note on Monday, April 22nd. BNP Paribas began coverage on shares of International Business Machines in a research note on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 target price for the company. Finally, The Goldman Sachs Group started coverage on shares of International Business Machines in a research note on Monday, June 24th. They issued a “buy” rating and a $200.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $184.93.

International Business Machines Trading Down 0.6 %

IBM traded down $1.21 during trading on Monday, reaching $190.24. 612,677 shares of the stock traded hands, compared to its average volume of 4,387,404. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $174.76 billion, a PE ratio of 21.58, a P/E/G ratio of 4.24 and a beta of 0.71. The stock’s 50-day moving average is $178.65 and its 200 day moving average is $180.84. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $199.18.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The company had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.18 EPS. Equities analysts anticipate that International Business Machines Co. will post 10.06 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be issued a $1.67 dividend. The ex-dividend date is Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.51%. International Business Machines’s dividend payout ratio is presently 75.65%.

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.