International Business Machines Corporation (NYSE:IBM) Stock Holdings Reduced by Lbp Am Sa

LBP AM SA reduced its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,366 shares of the technology company's stock after selling 4,934 shares during the quarter. LBP AM SA's holdings in International Business Machines were worth $27,444,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. acquired a new stake in International Business Machines in the 4th quarter valued at approximately $43,000. Park Square Financial Group LLC acquired a new position in shares of International Business Machines during the 4th quarter valued at $43,000. Mascagni Wealth Management Inc. acquired a new position in shares of International Business Machines during the 4th quarter valued at $43,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of International Business Machines during the 1st quarter valued at $45,000. Finally, M & L Capital Management Ltd acquired a new position in shares of International Business Machines during the 4th quarter valued at $48,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on IBM. UBS Group reiterated a "sell" rating and set a $195.00 price target (up from $170.00) on shares of International Business Machines in a research report on Wednesday. Royal Bank Of Canada lifted their price target on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Wedbush lifted their price target on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, International Business Machines currently has an average rating of "Moderate Buy" and a consensus price target of $259.06.

International Business Machines Stock Down 1.0%

Shares of International Business Machines stock traded down $2.95 during midday trading on Thursday, hitting $287.19. The company's stock had a trading volume of 3,484,681 shares, compared to its average volume of 4,236,335. The firm has a market capitalization of $266.91 billion, a P/E ratio of 49.43, a PEG ratio of 6.09 and a beta of 0.69. The stock has a 50-day simple moving average of $272.42 and a 200-day simple moving average of $251.52. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 1-year low of $176.62 and a 1-year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued its 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. The business 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 37.43% and a net margin of 8.71%. International Business Machines's revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.68 earnings per share. As a group, sell-side analysts expect that International Business Machines Corporation 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 was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.34%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is 115.66%.

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.