Burns J W & Co. Inc. NY Sells 125 Shares of International Business Machines Co. (NYSE:IBM)

Burns J W & Co. Inc. NY reduced its position in International Business Machines Co. (NYSE:IBM) by 5.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,321 shares of the technology company’s stock after selling 125 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in International Business Machines were worth $380,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Thrive Wealth Management LLC lifted its position in shares of International Business Machines by 0.9% during the fourth quarter. Thrive Wealth Management LLC now owns 7,311 shares of the technology company’s stock valued at $1,196,000 after purchasing an additional 64 shares in the last quarter. Journey Strategic Wealth LLC boosted its holdings in International Business Machines by 2.9% in the 3rd quarter. Journey Strategic Wealth LLC now owns 2,459 shares of the technology company’s stock worth $345,000 after buying an additional 69 shares during the period. Columbia Trust Co 01012016 lifted its holdings in International Business Machines by 3.8% during the 4th quarter. Columbia Trust Co 01012016 now owns 1,875 shares of the technology company’s stock worth $307,000 after purchasing an additional 69 shares in the last quarter. Syntegra Private Wealth Group LLC boosted its holdings in International Business Machines by 1.6% in the 4th quarter. Syntegra Private Wealth Group LLC now owns 4,461 shares of the technology company’s stock valued at $730,000 after purchasing an additional 70 shares during the period. Finally, Perkins Coie Trust Co increased its holdings in shares of International Business Machines by 0.3% in the third quarter. Perkins Coie Trust Co now owns 21,220 shares of the technology company’s stock worth $2,977,000 after purchasing an additional 72 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.1 %

IBM traded up $0.16 on Friday, reaching $190.96. 3,742,169 shares of the company traded hands, compared to its average volume of 5,135,399. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The firm has a fifty day simple moving average of $187.27 and a two-hundred day simple moving average of $164.36. The company has a market cap of $175.06 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 3.74 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.

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

International Business Machines Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have commented on IBM. Societe Generale reaffirmed a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a research note on Friday, January 5th. BMO Capital Markets upped their price objective 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. Jefferies Financial Group assumed coverage on International Business Machines in a research note on Friday, January 5th. They issued a “hold” rating and a $180.00 price target for the company. Royal Bank of Canada raised their target price on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Stifel Nicolaus boosted their target price on shares of International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $176.85.

International Business Machines 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.