International Business Machines Co. (NYSE:IBM) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its stake in shares of International Business Machines Co. (NYSE:IBM) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 220,981 shares of the technology company’s stock after selling 9,299 shares during the period. Amalgamated Bank’s holdings in International Business Machines were worth $36,141,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Naples Money Management LLC purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $28,000. Briaud Financial Planning Inc acquired a new position in International Business Machines in the third quarter valued at $31,000. Stone House Investment Management LLC lifted its position in International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after buying an additional 204 shares during the period. Financial Gravity Asset Management Inc. grew its holdings in International Business Machines by 67.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 91 shares during the period. Finally, Cordant Inc. increased its stake in shares of International Business Machines by 753.3% during the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock valued at $42,000 after acquiring an additional 226 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. Societe Generale restated a “sell” rating and set a $143.00 price target on shares of International Business Machines in a research note on Friday, January 5th. Wedbush boosted their target price on International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Bank of America raised their price target on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a report on Wednesday, April 17th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average target price of $181.29.

International Business Machines Stock Up 0.2 %

Shares of International Business Machines stock traded up $0.26 on Thursday, hitting $164.69. 3,822,605 shares of the company’s stock traded hands, compared to its average volume of 4,997,500. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The firm’s 50-day moving average is $186.54 and its 200 day moving average is $170.87. The stock has a market cap of $150.98 billion, a P/E ratio of 18.53, a PEG ratio of 4.08 and a beta of 0.74. 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 issued its earnings results on Tuesday, April 30th. 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 for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.36 EPS. Equities analysts anticipate that International Business Machines Co. will post 9.94 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Thursday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 4.06%. International Business Machines’s dividend payout ratio (DPR) is 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.