Zhang Financial LLC Sells 186 Shares of International Business Machines Co. (NYSE:IBM)

Zhang Financial LLC trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM) by 1.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,817 shares of the technology company’s stock after selling 186 shares during the quarter. Zhang Financial LLC’s holdings in International Business Machines were worth $1,933,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of IBM. Moneta Group Investment Advisors LLC boosted its position in International Business Machines by 98,797.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock worth $1,553,876,000 after acquiring an additional 11,017,849 shares during the last quarter. Norges Bank acquired a new position in International Business Machines during the 4th quarter worth approximately $876,014,000. Morgan Stanley boosted its position in International Business Machines by 22.8% during the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after acquiring an additional 3,084,458 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of International Business Machines by 15,439.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock valued at $433,974,000 after buying an additional 2,636,386 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of International Business Machines by 35.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock valued at $579,892,000 after buying an additional 1,163,790 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Royal Bank of Canada increased their price objective on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Societe Generale restated a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a research note on Friday, January 5th. Sanford C. Bernstein increased their price target on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Finally, StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $178.67.

International Business Machines Price Performance

Shares of NYSE IBM traded up $0.37 during mid-day trading on Friday, reaching $181.84. The company had a trading volume of 1,418,471 shares, compared to its average volume of 4,758,356. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The business’s 50-day simple moving average is $188.56 and its 200 day simple moving average is $168.63. The firm has a market cap of $166.70 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 3.58 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The firm had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $17.29 billion. During the same quarter in the previous year, the business posted $3.60 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, research analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is currently 81.67%.

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.