International Business Machines Co. (NYSE:IBM) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. cut its holdings in shares of International Business Machines Co. (NYSE:IBM) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,536 shares of the technology company’s stock after selling 887 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in International Business Machines were worth $2,214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in IBM. Desjardins Global Asset Management Inc. grew its holdings in International Business Machines by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after acquiring an additional 54 shares during the period. Calamos Wealth Management LLC grew its holdings in International Business Machines by 2.8% during the 4th quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock worth $328,000 after acquiring an additional 55 shares during the period. Avion Wealth grew its holdings in International Business Machines by 6.2% during the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after acquiring an additional 56 shares during the period. Northwest Capital Management Inc grew its holdings in International Business Machines by 5.0% during the 4th quarter. Northwest Capital Management Inc now owns 1,230 shares of the technology company’s stock worth $201,000 after acquiring an additional 59 shares during the period. Finally, Financial Security Advisor Inc. grew its holdings in International Business Machines by 2.7% during the 4th quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock worth $384,000 after acquiring an additional 61 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 1.1 %

NYSE IBM traded down $1.78 on Friday, reaching $167.13. The company had a trading volume of 8,983,796 shares, compared to its average volume of 3,906,041. The firm has a market capitalization of $153.21 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 3.33 and a beta of 0.70. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.93 and a current ratio of 1.13. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The company’s fifty day moving average is $187.60 and its 200-day moving average is $170.15.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion during 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 EPS. On average, research analysts forecast that International Business Machines Co. will post 9.99 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given 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 (DPR) is presently 75.20%.

Wall Street Analyst Weigh In

A number of research firms have commented on IBM. Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 target price on shares of International Business Machines in a report on Wednesday, April 17th. Jefferies Financial Group lowered their target price on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a report on Tuesday. Bank of America boosted 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. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday. Two 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $184.08.

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.