Zhang Financial LLC Trims Position in International Business Machines Co. (NYSE:IBM)

Zhang Financial LLC decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,817 shares of the technology company’s stock after selling 186 shares during the period. Zhang Financial LLC’s holdings in International Business Machines were worth $1,933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IBM. Moneta Group Investment Advisors LLC lifted its stake in shares of International Business Machines by 98,797.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after buying an additional 11,017,849 shares during the period. Norges Bank acquired a new position in International Business Machines during the fourth quarter worth approximately $876,014,000. Morgan Stanley increased its position in International Business Machines by 22.8% during the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after purchasing an additional 3,084,458 shares during the last quarter. International Assets Investment Management LLC increased its position in International Business Machines by 15,439.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock worth $433,974,000 after purchasing an additional 2,636,386 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in International Business Machines by 35.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock worth $579,892,000 after purchasing an additional 1,163,790 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.2 %

Shares of IBM stock traded up $0.37 on Friday, hitting $181.84. The stock had a trading volume of 1,418,471 shares, compared to its average volume of 4,758,356. The firm has a market capitalization of $166.70 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 3.58 and a beta of 0.70. The stock’s 50 day moving average is $188.56 and its 200-day moving average is $168.63. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. International Business Machines Co. has a 52-week low of $120.55 and a 52-week high of $199.18.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. During the same period in the prior year, the firm posted $3.60 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. As a group, research analysts expect that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.65%. International Business Machines’s dividend payout ratio (DPR) is 81.67%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Royal Bank of Canada upped their price target on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Jefferies Financial Group assumed coverage on shares of International Business Machines in a research report on Friday, January 5th. They issued a “hold” rating and a $180.00 price objective for the company. BMO Capital Markets increased their price objective on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Finally, StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average price target of $178.67.

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.