Nichols & Pratt Advisers LLP MA Sells 200 Shares of International Business Machines Co. (NYSE:IBM)

Nichols & Pratt Advisers LLP MA lowered its stake in International Business Machines Co. (NYSE:IBM) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,158 shares of the technology company’s stock after selling 200 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in International Business Machines were worth $1,334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vontobel Holding Ltd. raised its holdings in shares of International Business Machines by 20.3% during the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after acquiring an additional 80,474 shares in the last quarter. Natixis Advisors L.P. grew its stake in shares of International Business Machines by 18.1% in the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after buying an additional 57,170 shares in the last quarter. Herold Advisors Inc. increased its holdings in shares of International Business Machines by 3.2% in the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after buying an additional 688 shares during the last quarter. Tsfg LLC lifted its holdings in shares of International Business Machines by 40.5% in the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after acquiring an additional 109 shares during the last quarter. Finally, Auxano Advisors LLC grew its position in International Business Machines by 4.8% in the fourth quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock worth $556,000 after acquiring an additional 156 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.3 %

IBM traded up $0.45 during trading on Friday, hitting $166.72. The stock had a trading volume of 875,301 shares, compared to its average volume of 4,880,963. The company has a market capitalization of $153.15 billion, a PE ratio of 18.89, a PEG ratio of 4.08 and a beta of 0.74. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The stock has a 50 day simple moving average of $184.43 and a two-hundred day simple moving average of $171.83.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. On average, research analysts predict 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 announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 4.01%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date is Thursday, May 9th. International Business Machines’s payout ratio is 75.65%.

Analyst Ratings Changes

IBM has been the subject of several analyst reports. BNP Paribas started coverage on shares of International Business Machines in a report on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 target price for the company. Bank of America upped their target price on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. JPMorgan Chase & Co. reduced their target price on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, Morgan Stanley lowered their target price on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $181.29.

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.