International Business Machines Co. (NYSE:IBM) Shares Sold by Blue Barn Wealth LLC

Blue Barn Wealth LLC trimmed its stake in shares of International Business Machines Co. (NYSE:IBM) by 29.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,367 shares of the technology company’s stock after selling 583 shares during the period. Blue Barn Wealth LLC’s holdings in International Business Machines were worth $224,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its position in International Business Machines by 15,439.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock worth $433,974,000 after acquiring an additional 2,636,386 shares during the last quarter. Morgan Stanley lifted its stake in International Business Machines by 13.4% in the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock worth $2,280,968,000 after acquiring an additional 1,919,490 shares during the last quarter. California Public Employees Retirement System lifted its stake in International Business Machines by 15.9% during the third quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock worth $890,322,000 after purchasing an additional 871,247 shares during the last quarter. Northern Trust Corp increased its position in shares of International Business Machines by 4.2% during the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after purchasing an additional 404,948 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of International Business Machines by 162.4% in the third quarter. Acadian Asset Management LLC now owns 621,682 shares of the technology company’s stock valued at $87,204,000 after acquiring an additional 384,744 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.9 %

NYSE IBM traded up $1.52 during trading hours on Wednesday, reaching $169.90. 3,487,456 shares of the company traded hands, compared to its average volume of 4,933,118. The company has a 50 day moving average of $185.11 and a two-hundred day moving average of $171.88. The stock has a market capitalization of $156.07 billion, a PE ratio of 19.18, a PEG ratio of 4.08 and a beta of 0.74. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. International Business Machines’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, equities analysts expect that International Business Machines Co. will post 9.92 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be given a dividend of $1.67 per share. The ex-dividend date is Thursday, May 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.93%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio is currently 75.20%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on IBM shares. BMO Capital Markets decreased their price target on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. UBS Group increased their target price on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research note on Monday, April 22nd. Morgan Stanley decreased their price target on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Wedbush increased their price objective on International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, Bank of America upped their price target on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus target price of $181.29.

International Business Machines Company 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.