International Business Machines Co. (NYSE:IBM - Get Free Report) shares dropped 2% during mid-day trading on Thursday . The company traded as low as $258.05 and last traded at $257.97. Approximately 1,283,509 shares changed hands during trading, a decline of 73% from the average daily volume of 4,757,878 shares. The stock had previously closed at $263.30.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Jefferies Financial Group upped their price target on shares of International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a report on Thursday, January 30th. Bank of America lifted their target price on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Sanford C. Bernstein raised their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. Finally, Wedbush initiated coverage on shares of International Business Machines in a report on Monday, February 3rd. They issued an "outperform" rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $225.53.
Check Out Our Latest Stock Analysis on IBM
International Business Machines Stock Down 0.4 %
The firm has a market capitalization of $233.30 billion, a price-to-earnings ratio of 39.36, a PEG ratio of 5.57 and a beta of 0.76. 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 stock has a fifty day moving average of $229.76 and a 200-day moving average of $217.15.
International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, sell-side analysts expect that International Business Machines Co. will post 10.75 EPS for the current year.
International Business Machines Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.65%. International Business Machines's payout ratio is 104.21%.
Institutional Trading of International Business Machines
A number of institutional investors have recently added to or reduced their stakes in IBM. Compass Financial Services Inc bought a new stake in International Business Machines in the fourth quarter worth $26,000. Hazlett Burt & Watson Inc. boosted its stake in shares of International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after acquiring an additional 116 shares in the last quarter. Hara Capital LLC acquired a new position in shares of International Business Machines during the 3rd quarter valued at about $29,000. Vision Financial Markets LLC bought a new position in shares of International Business Machines in the 4th quarter valued at approximately $31,000. Finally, Avondale Wealth Management lifted 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 worth $34,000 after purchasing an additional 56 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.
About International Business Machines
(
Get Free Report)
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.
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