International Business Machines Co. (NYSE:IBM) Shares Sold by White Pine Capital LLC

White Pine Capital LLC lowered its position in shares of International Business Machines Co. (NYSE:IBM) by 4.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 15,040 shares of the technology company’s stock after selling 720 shares during the quarter. International Business Machines comprises about 0.9% of White Pine Capital LLC’s portfolio, making the stock its 24th largest position. White Pine Capital LLC’s holdings in International Business Machines were worth $2,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Desjardins Global Asset Management Inc. lifted its position 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 lifted its position 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 lifted its position 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 lifted its position 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. lifted its holdings in shares of International Business Machines by 2.7% in the 4th quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock valued at $384,000 after buying an additional 61 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE:IBM traded down $1.78 during trading hours on Friday, hitting $167.13. 8,983,796 shares of the stock were exchanged, compared to its average volume of 3,906,041. International Business Machines Co. has a 52-week low of $120.55 and a 52-week high of $199.18. The firm’s fifty day moving average price is $187.60 and its 200 day moving average price is $170.15. The company has a current ratio of 1.13, a quick ratio of 0.93 and a debt-to-equity ratio of 2.32. The company has a market cap of $153.21 billion, a P/E ratio of 18.94, a P/E/G ratio of 3.33 and a beta of 0.70.

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

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.97%. International Business Machines’s dividend payout ratio (DPR) is presently 75.20%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IBM. BMO Capital Markets decreased 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. UBS Group boosted their price objective on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday, April 22nd. Morgan Stanley decreased their price objective on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday. Sanford C. Bernstein boosted their price objective on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a report on Thursday, March 7th. Finally, Royal Bank of Canada boosted their price objective on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.