International Business Machines Co. (NYSE:IBM) Shares Sold by Albion Financial Group UT

Albion Financial Group UT reduced its holdings in shares of International Business Machines Co. (NYSE:IBM) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,325 shares of the technology company’s stock after selling 369 shares during the quarter. Albion Financial Group UT’s holdings in International Business Machines were worth $1,398,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. FPC Investment Advisory Inc. acquired a new position in shares of International Business Machines during the first quarter worth about $26,000. ESL Trust Services LLC purchased a new stake in shares of International Business Machines during the first quarter valued at approximately $28,000. Creekmur Asset Management LLC purchased a new stake in shares of International Business Machines during the fourth quarter valued at approximately $29,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of International Business Machines in the fourth quarter valued at $31,000. Finally, Financial Synergies Wealth Advisors Inc. grew its holdings in International Business Machines by 164.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after purchasing an additional 123 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $233.05 on Friday. International Business Machines Co. has a 12-month low of $135.87 and a 12-month high of $235.83. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The firm has a market capitalization of $214.67 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70. The business has a 50 day simple moving average of $206.79 and a 200 day simple moving average of $187.34.

International Business Machines (NYSE:IBM) last released 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 analysts’ expectations of $15.62 billion. During the same quarter in the prior year, the business posted $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, equities research analysts anticipate that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 73.65%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IBM. Evercore ISI upped their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a research note on Wednesday, October 2nd. UBS Group upped their target price on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. Bank of America raised their price target on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, BMO Capital Markets increased their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average price target of $198.41.

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.