International Business Machines Co. (NYSE:IBM) Holdings Decreased by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. trimmed its position in International Business Machines Co. (NYSE:IBM) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,366 shares of the technology company’s stock after selling 111 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in International Business Machines were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Natixis Advisors L.P. increased its holdings 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 acquiring an additional 57,170 shares during the last quarter. Herold Advisors Inc. lifted its holdings in shares of International Business Machines by 3.2% in the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after buying an additional 688 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in shares of International Business Machines in the third quarter valued at $661,000. Silicon Valley Capital Partners lifted its holdings in shares of International Business Machines by 33.6% during the third quarter. Silicon Valley Capital Partners now owns 32,245 shares of the technology company’s stock valued at $4,524,000 after purchasing an additional 8,117 shares during the last quarter. Finally, Waverly Advisors LLC lifted its holdings in shares of International Business Machines by 48.1% during the third quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock valued at $2,763,000 after purchasing an additional 6,397 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 0.1 %

Shares of IBM stock traded up $0.16 on Thursday, reaching $190.96. 3,686,855 shares of the stock were exchanged, compared to its average volume of 5,222,239. The stock has a market cap of $175.06 billion, a PE ratio of 23.52, a P/E/G ratio of 3.69 and a beta of 0.70. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The stock has a 50 day moving average price of $186.79 and a 200 day moving average price of $164.17.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. During the same quarter in the previous year, the company posted $3.60 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Equities research analysts forecast that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.48%. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Analyst Upgrades and Downgrades

IBM has been the topic of several recent analyst reports. BMO Capital Markets upped their price target on International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Royal Bank of Canada raised their target price on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and raised their target price for the company from $165.00 to $200.00 in a report on Friday, January 19th. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Finally, Sanford C. Bernstein lifted their price objective on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, International Business Machines has a consensus rating of “Hold” and an average target price of $176.85.

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.