Eagle Bay Advisors LLC Sells 437 Shares of International Business Machines Co. (NYSE:IBM)

Eagle Bay Advisors LLC trimmed its holdings in International Business Machines Co. (NYSE:IBMFree Report) by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,970 shares of the technology company’s stock after selling 437 shares during the quarter. Eagle Bay Advisors LLC’s holdings in International Business Machines were worth $649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its stake in shares of International Business Machines by 20.3% during the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after acquiring an additional 80,474 shares during the period. Natixis Advisors L.P. boosted its stake in shares of International Business Machines by 18.1% in the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after purchasing an additional 57,170 shares during the last quarter. Herold Advisors Inc. raised its stake in shares of International Business Machines by 3.2% during the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after buying an additional 688 shares during the last quarter. Tsfg LLC boosted its stake in International Business Machines by 40.5% in the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after acquiring an additional 109 shares during the last quarter. Finally, Auxano Advisors LLC grew its holdings in International Business Machines by 4.8% during the 4th quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock worth $556,000 after acquiring an additional 156 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the subject of a number of recent analyst reports. BMO Capital Markets dropped their price objective on 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. Morgan Stanley reduced 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, April 26th. Sanford C. Bernstein increased their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Three investment 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $181.29.

Check Out Our Latest Analysis on International Business Machines

International Business Machines Stock Down 0.1 %

NYSE:IBM traded down $0.20 during trading hours on Tuesday, reaching $167.36. 2,600,063 shares of the stock were exchanged, compared to its average volume of 4,845,515. The stock has a market cap of $153.74 billion, a PE ratio of 18.95, a PEG ratio of 4.11 and a beta of 0.74. International Business Machines Co. has a twelve month low of $122.34 and a twelve month high of $199.18. The firm has a 50 day moving average of $183.50 and a 200 day moving average of $172.69. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09.

International Business Machines (NYSE:IBMGet Free Report) last released its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts expect that International Business Machines Co. will post 9.92 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given 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 3.99%. International Business Machines’s dividend payout ratio is 75.65%.

International Business Machines Profile

(Free Report)

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.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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