Jacobs & Co. CA Trims Stock Holdings in International Business Machines Co. (NYSE:IBM)

Jacobs & Co. CA lessened its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 3.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,789 shares of the technology company's stock after selling 2,203 shares during the period. International Business Machines accounts for approximately 1.7% of Jacobs & Co. CA's portfolio, making the stock its 10th largest holding. Jacobs & Co. CA's holdings in International Business Machines were worth $16,359,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. 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 about $31,000. Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines in the fourth quarter worth approximately $35,000. Tacita Capital Inc grew its holdings in International Business Machines by 174.3% in the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after purchasing an additional 122 shares during the period. Finally, Measured Risk Portfolios Inc. acquired a new position in International Business Machines during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Up 0.1%

IBM stock traded up $0.19 during trading on Friday, reaching $258.88. The stock had a trading volume of 9,667,740 shares, compared to its average volume of 4,225,756. The firm has a fifty day moving average price of $246.19 and a 200 day moving average price of $239.48. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $240.60 billion, a P/E ratio of 40.39, a PEG ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 1-year low of $163.53 and a 1-year high of $269.28.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. During the same quarter in the previous year, the firm posted $1.68 earnings per share. The company's revenue was up .5% compared to the same quarter last year. On average, equities analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a dividend of $1.68 per share. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.60%. International Business Machines's dividend payout ratio is 115.66%.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines 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 completion of the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IBM. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. raised their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and an average target price of $249.06.

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.