Lbp Am Sa Sells 13,402 Shares of International Business Machines Co. (NYSE:IBM)

Lbp Am Sa lowered its stake in shares of International Business Machines Co. (NYSE:IBM) by 10.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 115,300 shares of the technology company’s stock after selling 13,402 shares during the quarter. Lbp Am Sa’s holdings in International Business Machines were worth $25,346,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Integras Partners LLC purchased a new stake in International Business Machines during the fourth quarter valued at about $375,000. JPL Wealth Management LLC purchased a new stake in International Business Machines during the fourth quarter valued at about $3,345,000. Thompson Siegel & Walmsley LLC lifted its holdings in International Business Machines by 4.9% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 84,334 shares of the technology company’s stock valued at $18,539,000 after purchasing an additional 3,906 shares during the last quarter. Impact Capital Partners LLC purchased a new stake in International Business Machines during the fourth quarter valued at about $271,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of International Business Machines by 1.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 711,867 shares of the technology company’s stock worth $156,490,000 after buying an additional 11,742 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Down 1.6 %

Shares of International Business Machines stock opened at $245.67 on Friday. The firm has a market capitalization of $227.80 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45. The firm’s 50 day simple moving average is $243.72 and its two-hundred day simple moving average is $227.70. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IBM. Sanford C. Bernstein increased their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Oppenheimer began coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 target price for the company. Bank of America upped their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. upped their target price on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of International Business Machines in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $231.44.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the sale, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is owned by insiders.

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.