Railway Pension Investments Ltd Has $8.75 Million Holdings in International Business Machines Co. (NYSE:IBM)

Railway Pension Investments Ltd cut its holdings in shares of International Business Machines Co. (NYSE:IBM) by 60.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,600 shares of the technology company’s stock after selling 76,800 shares during the period. Railway Pension Investments Ltd’s holdings in International Business Machines were worth $8,751,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in International Business Machines in the 1st quarter valued at about $26,000. ESL Trust Services LLC bought a new position in International Business Machines in the 1st quarter worth approximately $28,000. Creekmur Asset Management LLC acquired a new position in International Business Machines during the 4th quarter worth $29,000. Ables Iannone Moore & Associates Inc. bought a new position in International Business Machines in the 4th quarter valued at $31,000. Finally, Financial Synergies Wealth Advisors Inc. increased its stake in shares of International Business Machines by 164.0% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after buying an additional 123 shares during the period. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IBM. The Goldman Sachs Group began coverage on International Business Machines in a report on Monday, June 24th. They set a “buy” rating and a $200.00 price objective for the company. BNP Paribas initiated coverage on shares of International Business Machines in a research note on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price target for the company. Stifel Nicolaus raised their price objective on shares of International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Royal Bank of Canada upped their target price on shares of International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Jefferies Financial Group increased their price target on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $184.93.

International Business Machines Stock Up 0.2 %

Shares of IBM traded up $0.44 during midday trading on Tuesday, hitting $198.42. The stock had a trading volume of 535,813 shares, compared to its average volume of 4,245,159. The firm has a market cap of $182.27 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 4.24 and a beta of 0.71. The company has a 50 day simple moving average of $184.36 and a two-hundred day simple moving average of $181.51. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $199.18. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the firm posted $2.18 EPS. The business’s revenue was up 1.9% on a year-over-year basis. On average, analysts anticipate that International Business Machines Co. will post 10.06 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be given a dividend of $1.67 per share. The ex-dividend date is Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.37%. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

About International Business Machines

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.