International Business Machines Co. (NYSE:IBM) Stock Position Cut by BBR Partners LLC

BBR Partners LLC trimmed its stake in shares of International Business Machines Co. (NYSE:IBM) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,540 shares of the technology company’s stock after selling 187 shares during the quarter. BBR Partners LLC’s holdings in International Business Machines were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in IBM. True Vision MN LLC raised its holdings in International Business Machines by 7.2% during the third quarter. True Vision MN LLC now owns 3,536 shares of the technology company’s stock worth $782,000 after purchasing an additional 237 shares in the last quarter. CreativeOne Wealth LLC raised its stake in shares of International Business Machines by 70.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 24,748 shares of the technology company’s stock worth $5,471,000 after buying an additional 10,252 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of International Business Machines in the third quarter valued at $4,355,000. Freedom Investment Management Inc. boosted its stake in International Business Machines by 121.8% during the third quarter. Freedom Investment Management Inc. now owns 10,978 shares of the technology company’s stock valued at $2,427,000 after buying an additional 6,029 shares in the last quarter. Finally, RS Crum Inc. boosted its stake in International Business Machines by 6.4% during the third quarter. RS Crum Inc. now owns 2,321 shares of the technology company’s stock valued at $513,000 after buying an additional 140 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Stock Down 0.8 %

International Business Machines stock opened at $226.99 on Thursday. The firm has a market cap of $209.89 billion, a price-to-earnings ratio of 33.04, a P/E/G ratio of 5.08 and a beta of 0.71. The firm has a fifty day moving average price of $220.17 and a two-hundred day moving average price of $196.64. International Business Machines Co. has a fifty-two week low of $154.86 and a fifty-two week high of $237.37. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.20 EPS. As a group, analysts forecast that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is currently 97.23%.

Wall Street Analysts Forecast Growth

IBM has been the subject of several research reports. UBS Group raised their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. Jefferies Financial Group lifted their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Bank of America lifted their price target on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Bernstein Bank upped their price target on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. Finally, BMO Capital Markets upped their target price on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, International Business Machines currently has an average rating of “Hold” and an average price target of $208.12.

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.