Mascoma Wealth Management LLC Has $144,000 Stake in International Business Machines Co. (NYSE:IBM)

Mascoma Wealth Management LLC lowered its holdings in International Business Machines Co. (NYSE:IBM) by 53.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 831 shares of the technology company’s stock after selling 943 shares during the quarter. Mascoma Wealth Management LLC’s holdings in International Business Machines were worth $144,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in International Business Machines in the 4th quarter valued at about $1,019,009,000. Vanguard Group Inc. grew 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 valued at $16,833,642,000 after purchasing an additional 5,546,855 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of International Business Machines by 151.6% in the first 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 in the last quarter. Capital Wealth Planning LLC bought a new position in International Business Machines in the 4th quarter worth approximately $172,887,000. Finally, National Bank of Canada FI lifted its holdings in International Business Machines by 79.4% during the 1st 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 in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM opened at $201.30 on Wednesday. The stock has a market cap of $184.91 billion, a P/E ratio of 22.80, a P/E/G ratio of 4.50 and a beta of 0.71. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $204.72. 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 company has a fifty day simple moving average of $187.69 and a 200 day simple moving average of $182.12.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the prior year, the company earned $2.18 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, research analysts expect that International Business Machines Co. will post 10.09 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, August 9th. International Business Machines’s payout ratio is currently 75.65%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Jefferies Financial Group lifted their target price on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. The Goldman Sachs Group began coverage on International Business Machines in a research report on Monday, June 24th. They issued a “buy” rating and a $200.00 price objective for the company. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. 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, BMO Capital Markets boosted their price target on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines has a consensus rating of “Hold” and a consensus target price 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.