International Business Machines Co. (NYSE:IBM) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 219,622 shares of the technology company's stock after selling 21,061 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in International Business Machines were worth $48,272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of IBM. Compass Financial Services Inc purchased a new position in International Business Machines during the fourth quarter worth about $26,000. Vision Financial Markets LLC purchased a new position in shares of International Business Machines during the 4th quarter worth approximately $31,000. Avondale Wealth Management increased its holdings in International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after purchasing an additional 56 shares during the last quarter. Valued Wealth Advisors LLC raised its position in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after purchasing an additional 90 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in International Business Machines during the fourth quarter worth $35,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Oppenheimer began coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price target for the company. Royal Bank of Canada restated an "outperform" rating and issued a $276.00 price target on shares of International Business Machines in a research note on Monday, April 14th. Finally, UBS Group reiterated a "sell" rating and issued a $170.00 price objective (up from $160.00) on shares of International Business Machines in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of "Hold" and an average price target of $242.41.

International Business Machines Stock Performance

NYSE IBM traded up $0.71 during trading hours on Monday, hitting $233.12. The company had a trading volume of 1,438,127 shares, compared to its average volume of 4,208,793. The business has a 50 day moving average of $245.34 and a 200-day moving average of $233.92. The company has a market cap of $216.17 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business's revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS. As a group, equities research analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Monday, February 10th. International Business Machines's dividend payout ratio is currently 104.21%.

Insider Activity

In related news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company's stock.

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.