International Business Machines Co. (NYSE:IBM) Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM) by 30.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,961 shares of the technology company’s stock after selling 27,149 shares during the period. International Business Machines makes up about 1.3% of Levin Capital Strategies L.P.’s portfolio, making the stock its 29th biggest position. Levin Capital Strategies L.P.’s holdings in International Business Machines were worth $13,401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IBM. Pettinga Financial Advisors LLC acquired a new stake in International Business Machines during the 3rd quarter valued at approximately $221,000. Focus Financial Network Inc. lifted its stake in International Business Machines by 3.2% during the 3rd quarter. Focus Financial Network Inc. now owns 6,557 shares of the technology company’s stock valued at $1,450,000 after acquiring an additional 206 shares during the period. Campbell Wealth Management acquired a new stake in International Business Machines during the 3rd quarter valued at approximately $375,000. Lowe Brockenbrough & Co. Inc. lifted its stake in shares of International Business Machines by 9.8% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 14,341 shares of the technology company’s stock valued at $3,171,000 after purchasing an additional 1,278 shares during the period. Finally, Capital Advisors Inc. OK lifted its stake in shares of International Business Machines by 1.0% in the 3rd quarter. Capital Advisors Inc. OK now owns 280,720 shares of the technology company’s stock valued at $62,062,000 after purchasing an additional 2,699 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Bank of America boosted their target price on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Oppenheimer assumed coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 target price for the company. Finally, Sanford C. Bernstein boosted their target price on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $231.44.

International Business Machines Price Performance

International Business Machines stock opened at $252.63 on Friday. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The firm has a market capitalization of $234.25 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 5.81 and a beta of 0.76. The company has a fifty day simple moving average of $238.37 and a 200-day simple moving average of $224.36. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, equities analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

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.