Little House Capital LLC Sells 267 Shares of International Business Machines Co. (NYSE:IBM)

Little House Capital LLC lessened its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,822 shares of the technology company’s stock after selling 267 shares during the quarter. Little House Capital LLC’s holdings in International Business Machines were worth $2,097,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBM. International Assets Investment Management LLC raised 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 valued at $433,974,000 after acquiring an additional 2,636,386 shares in the last quarter. Morgan Stanley raised its position in shares of International Business Machines by 13.4% in the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after purchasing an additional 1,919,490 shares during the period. California Public Employees Retirement System raised its position in shares of International Business Machines by 15.9% in the third quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock valued at $890,322,000 after purchasing an additional 871,247 shares during the period. Bank of New York Mellon Corp raised its position in shares of International Business Machines by 10.2% in the third quarter. Bank of New York Mellon Corp now owns 8,691,369 shares of the technology company’s stock valued at $1,219,399,000 after purchasing an additional 807,357 shares during the period. Finally, Northern Trust Corp raised its position in shares of International Business Machines by 4.2% in the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock valued at $1,398,886,000 after purchasing an additional 404,948 shares during the period. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of recent analyst reports. Sanford C. Bernstein lifted their price target on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Morgan Stanley lowered their price objective on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday. UBS Group raised their price objective on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research note on Monday, April 22nd. Royal Bank of Canada raised their price objective on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Jefferies Financial Group lowered their price objective on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $184.08.

International Business Machines Price Performance

Shares of International Business Machines stock traded down $1.78 during trading on Friday, reaching $167.13. The company’s stock had a trading volume of 8,983,796 shares, compared to its average volume of 3,906,041. The stock has a 50-day moving average price of $187.60 and a two-hundred day moving average price of $170.34. The company has a current ratio of 1.13, a quick ratio of 0.93 and a debt-to-equity ratio of 2.32. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The stock has a market capitalization of $153.21 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.36 earnings per share. As a group, sell-side analysts anticipate that International Business Machines Co. will post 9.99 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were issued a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.97%. International Business Machines’s dividend payout ratio is currently 75.20%.

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.