Tufton Capital Management Sells 249 Shares of International Business Machines Co. (NYSE:IBM)

Tufton Capital Management decreased its holdings in International Business Machines Co. (NYSE:IBM) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,741 shares of the technology company’s stock after selling 249 shares during the period. Tufton Capital Management’s holdings in International Business Machines were worth $6,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA grew its position in shares of International Business Machines by 11.9% in the fourth quarter. Private Trust Co. NA now owns 13,020 shares of the technology company’s stock valued at $2,862,000 after purchasing an additional 1,387 shares during the last quarter. Pettyjohn Wood & White Inc. grew its position in shares of International Business Machines by 13.3% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 7,502 shares of the technology company’s stock valued at $1,649,000 after purchasing an additional 880 shares during the last quarter. Fielder Capital Group LLC grew its position in shares of International Business Machines by 20.7% in the fourth quarter. Fielder Capital Group LLC now owns 1,524 shares of the technology company’s stock valued at $335,000 after purchasing an additional 261 shares during the last quarter. Argyle Capital Management LLC grew its position in shares of International Business Machines by 0.8% in the fourth quarter. Argyle Capital Management LLC now owns 23,740 shares of the technology company’s stock valued at $5,219,000 after purchasing an additional 183 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of International Business Machines by 48.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 6,695 shares of the technology company’s stock valued at $1,472,000 after purchasing an additional 2,171 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 1.0 %

Shares of NYSE:IBM opened at $253.24 on Friday. The firm has a market cap of $234.16 billion, a P/E ratio of 39.51, a P/E/G ratio of 5.81 and a beta of 0.76. 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. The business has a fifty day simple moving average of $237.78 and a 200 day simple moving average of $223.69.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Morgan Stanley upped their target price on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. The Goldman Sachs Group reissued a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Bank of America increased their price target 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. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Oppenheimer assumed coverage on International Business Machines in a report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $231.44.

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.