Sargent Investment Group LLC Sells 715 Shares of International Business Machines Co. (NYSE:IBM)

Sargent Investment Group LLC reduced its stake in International Business Machines Co. (NYSE:IBM) by 1.1% in the 4th quarter, HoldingsChannel reports. The firm owned 63,613 shares of the technology company’s stock after selling 715 shares during the quarter. International Business Machines makes up 2.3% of Sargent Investment Group LLC’s portfolio, making the stock its 12th biggest position. Sargent Investment Group LLC’s holdings in International Business Machines were worth $10,404,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of International Business Machines by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after acquiring an additional 365,388 shares during the period. Morgan Stanley boosted its holdings in International Business Machines by 13.4% in the 3rd quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock worth $2,280,968,000 after buying an additional 1,919,490 shares during the period. Northern Trust Corp lifted its stake in International Business Machines by 4.2% in the 3rd quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after purchasing an additional 404,948 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in International Business Machines by 10.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,691,369 shares of the technology company’s stock worth $1,219,399,000 after purchasing an additional 807,357 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in International Business Machines by 15.9% in the 3rd quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock worth $890,322,000 after purchasing an additional 871,247 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

IBM has been the topic of several research reports. BMO Capital Markets lowered their price objective on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday. Bank of America raised their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $200.00 in a research report on Friday, January 19th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Finally, Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $184.08.

International Business Machines Price Performance

International Business Machines stock traded down $1.78 during mid-day trading on Friday, reaching $167.13. 8,983,796 shares of the company’s stock traded hands, compared to its average volume of 3,906,041. The company has a market cap of $153.21 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 3.30 and a beta of 0.70. The stock has a 50 day moving average of $187.60 and a two-hundred day moving average of $170.34. The company has a quick ratio of 0.93, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) 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 company had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. During the same quarter in the prior year, the firm earned $1.36 earnings per share. International Business Machines’s revenue was up 1.5% on a year-over-year basis. Equities analysts forecast that International Business Machines Co. will post 9.99 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 75.20%.

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.