International Business Machines Co. (NYSE:IBM) Stock Holdings Lessened by Schnieders Capital Management LLC

Schnieders Capital Management LLC cut its stake in shares of International Business Machines Co. (NYSE:IBM) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,083 shares of the technology company’s stock after selling 1,437 shares during the quarter. International Business Machines accounts for 2.0% of Schnieders Capital Management LLC’s portfolio, making the stock its 14th largest holding. Schnieders Capital Management LLC’s holdings in International Business Machines were worth $10,130,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Pettinga Financial Advisors LLC purchased a new position in International Business Machines in the 3rd quarter worth about $221,000. Pallas Capital Advisors LLC boosted its holdings in shares of International Business Machines by 2.3% in the third quarter. Pallas Capital Advisors LLC now owns 4,610 shares of the technology company’s stock worth $1,007,000 after buying an additional 104 shares during the period. China Universal Asset Management Co. Ltd. increased its position in shares of International Business Machines by 132.5% in the third quarter. China Universal Asset Management Co. Ltd. now owns 3,301 shares of the technology company’s stock worth $730,000 after acquiring an additional 1,881 shares in the last quarter. Gateway Wealth Partners LLC raised its holdings in shares of International Business Machines by 4.4% during the third quarter. Gateway Wealth Partners LLC now owns 1,339 shares of the technology company’s stock valued at $296,000 after acquiring an additional 57 shares during the period. Finally, Valmark Advisers Inc. lifted its position in shares of International Business Machines by 6.8% in the 3rd quarter. Valmark Advisers Inc. now owns 4,651 shares of the technology company’s stock valued at $1,028,000 after acquiring an additional 297 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBM has been the topic of several research analyst reports. Bank of America lifted their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Jefferies Financial Group raised their target price on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Wedbush initiated coverage on International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. 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 research report on Thursday, January 30th. Finally, UBS Group upped their target price on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, International Business Machines currently has an average rating of “Hold” and a consensus target price of $231.44.

International Business Machines Stock Performance

Shares of IBM opened at $255.62 on Thursday. The firm has a market cap of $236.35 billion, a price-to-earnings ratio of 39.88, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76. The company’s fifty day moving average is $237.20 and its 200-day moving average is $223.48. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS 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%. Equities analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.61%. International Business Machines’s payout ratio is currently 104.21%.

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.