International Business Machines Co. (NYSE:IBM) Shares Sold by Donald L. Hagan LLC

Donald L. Hagan LLC trimmed its position in shares of International Business Machines Co. (NYSE:IBM) by 10.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,706 shares of the technology company’s stock after selling 818 shares during the quarter. Donald L. Hagan LLC’s holdings in International Business Machines were worth $1,160,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in IBM. Norges Bank acquired a new position in shares of International Business Machines during the fourth quarter worth about $1,019,009,000. Vanguard Group Inc. increased its stake in shares of International Business Machines by 6.7% during the first quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock worth $16,833,642,000 after acquiring an additional 5,546,855 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of International Business Machines by 151.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock worth $671,352,000 after acquiring an additional 2,118,165 shares during the period. Capital Wealth Planning LLC acquired a new position in shares of International Business Machines during the fourth quarter worth about $172,887,000. Finally, National Bank of Canada FI grew its position in International Business Machines by 79.4% during the first quarter. National Bank of Canada FI now owns 922,496 shares of the technology company’s stock worth $176,160,000 after buying an additional 408,230 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Down 0.1 %

Shares of IBM traded down $0.17 on Friday, hitting $193.78. 2,494,472 shares of the stock traded hands, compared to its average volume of 4,344,165. 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 firm has a market capitalization of $178.01 billion, a P/E ratio of 21.95, a P/E/G ratio of 4.24 and a beta of 0.71. The stock’s 50 day moving average is $181.13 and its two-hundred day moving average is $181.01. International Business Machines Co. has a 1 year low of $135.87 and a 1 year high of $199.18.

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

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Friday, August 9th. International Business Machines’s payout ratio is 75.65%.

Analysts Set New Price Targets

Several brokerages have weighed in on IBM. Morgan Stanley lowered their target price on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. JPMorgan Chase & Co. lowered their target price 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. BNP Paribas began coverage on shares of International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 target price on the stock. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Finally, Jefferies Financial Group upped their target price on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $184.93.

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.