Armstrong Fleming & Moore Inc Sells 150 Shares of International Business Machines Co. (NYSE:IBM)

Armstrong Fleming & Moore Inc cut its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,355 shares of the technology company’s stock after selling 150 shares during the period. Armstrong Fleming & Moore Inc’s holdings in International Business Machines were worth $876,000 as of its most recent SEC filing.

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

International Business Machines Trading Down 1.1 %

IBM traded down $1.77 during trading on Wednesday, reaching $164.43. 4,028,068 shares of the stock traded hands, compared to its average volume of 5,011,467. The stock’s 50-day moving average is $186.85 and its 200 day moving average is $170.91. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The stock has a market capitalization of $150.74 billion, a PE ratio of 18.76, a P/E/G ratio of 4.10 and a beta of 0.70. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32.

International Business Machines (NYSE:IBM) last posted its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping 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 analyst estimates of $14.53 billion. During the same quarter in the prior year, the business posted $1.36 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. Equities analysts anticipate that International Business Machines Co. will post 9.98 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a $1.67 dividend. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 4.06%. International Business Machines’s dividend payout ratio (DPR) is 75.20%.

Analyst Ratings Changes

IBM has been the topic of a number of research reports. Royal Bank of Canada upped their price target on shares of International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Jefferies Financial Group decreased their target price on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Sanford C. Bernstein increased their price target on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Bank of America boosted their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. 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. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average 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.