International Business Machines Co. (NYSE:IBM) Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. cut its stake in shares of International Business Machines Co. (NYSE:IBM) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,512 shares of the technology company’s stock after selling 171 shares during the quarter. Telos Capital Management Inc.’s holdings in International Business Machines were worth $574,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IBM. Cornerstone Planning Group LLC acquired a new stake in shares of International Business Machines during the second quarter worth $28,000. Live Oak Investment Partners acquired a new stake in International Business Machines in the fourth quarter valued at $30,000. Briaud Financial Planning Inc acquired a new stake in International Business Machines in the third quarter valued at $31,000. PCA Investment Advisory Services Inc. acquired a new stake in International Business Machines in the second quarter valued at $31,000. Finally, Stone House Investment Management LLC lifted its holdings in International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 204 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Down 0.4 %

International Business Machines stock opened at $183.05 on Thursday. The stock has a market cap of $167.81 billion, a PE ratio of 22.52, a P/E/G ratio of 3.60 and a beta of 0.70. The stock has a 50-day moving average price of $188.61 and a 200 day moving average price of $168.54. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The firm had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. During the same period last year, the company earned $3.60 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Equities research analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current fiscal 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 issued a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Thursday, February 8th. International Business Machines’s payout ratio is currently 81.67%.

Analysts Set New Price Targets

A number of research firms have commented on IBM. Stifel Nicolaus reissued a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a report on Wednesday. Sanford C. Bernstein raised their price target on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Bank of America raised their price target on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. BMO Capital Markets raised their price target 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. Finally, StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and an average price target of $178.67.

About International Business Machines

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.