Buffington Mohr McNeal Sells 75 Shares of International Business Machines Co. (NYSE:IBM)

Buffington Mohr McNeal lowered its holdings in shares of International Business Machines Co. (NYSE:IBM) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,200 shares of the technology company’s stock after selling 75 shares during the period. Buffington Mohr McNeal’s holdings in International Business Machines were worth $360,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cornerstone Planning Group LLC bought a new stake in shares of International Business Machines during the second quarter worth approximately $28,000. Live Oak Investment Partners bought a new stake in shares of International Business Machines during the fourth quarter worth approximately $30,000. Briaud Financial Planning Inc bought a new stake in shares of International Business Machines during the third quarter worth approximately $31,000. Stone House Investment Management LLC boosted its holdings in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after acquiring an additional 204 shares during the period. Finally, Financial Gravity Asset Management Inc. boosted its holdings in shares of International Business Machines by 67.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after acquiring an additional 91 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Bank of America boosted their price objective on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Stifel Nicolaus boosted their price target on International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $165.00 to $200.00 in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $178.08.

International Business Machines Price Performance

IBM traded up $2.88 during trading on Tuesday, hitting $184.13. 2,567,927 shares of the stock traded hands, compared to its average volume of 4,828,214. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18. The company has a market cap of $168.80 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 3.57 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The business has a 50 day moving average price of $188.62 and a 200 day moving average price of $168.13.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. During the same period in the previous year, the business earned $3.60 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. Equities research analysts forecast that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.61%. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

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.