Weatherly Asset Management L. P. Sells 195 Shares of International Business Machines Co. (NYSE:IBM)

Weatherly Asset Management L. P. reduced its stake in shares of International Business Machines Co. (NYSE:IBM) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,672 shares of the technology company’s stock after selling 195 shares during the quarter. Weatherly Asset Management L. P.’s holdings in International Business Machines were worth $764,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in shares of International Business Machines by 15,439.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock valued at $433,974,000 after acquiring an additional 2,636,386 shares during the last quarter. Morgan Stanley boosted its holdings in International Business Machines by 13.4% during the third 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 last quarter. California Public Employees Retirement System grew its position in shares of International Business Machines by 15.9% during 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 buying an additional 871,247 shares during the period. Bank of New York Mellon Corp raised its position in shares of 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 valued at $1,219,399,000 after acquiring an additional 807,357 shares during the period. Finally, Northern Trust Corp boosted its stake in International Business Machines by 4.2% during the 3rd quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after acquiring an additional 404,948 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

IBM stock traded up $0.99 during trading hours on Wednesday, hitting $183.18. 3,280,179 shares of the stock were exchanged, compared to its average volume of 4,753,136. International Business Machines Co. has a 12 month low of $120.55 and a 12 month 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. The firm has a market capitalization of $167.93 billion, a P/E ratio of 22.56, a P/E/G ratio of 3.57 and a beta of 0.70. The company has a 50-day simple moving average of $188.35 and a two-hundred day simple moving average of $169.88.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. During the same quarter in the previous year, the firm posted $3.60 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, analysts forecast that International Business Machines Co. will post 10.04 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a dividend of $1.66 per share. 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 3.62%. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Wall Street Analyst Weigh In

IBM has been the topic of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a report on Wednesday, April 17th. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $200.00 in a report on Friday, January 19th. UBS Group increased their target price on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Societe Generale restated a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a report on Friday, January 5th. Two equities research analysts have 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, the stock presently has a consensus rating of “Hold” and an average target price of $177.23.

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.