Banque Transatlantique SA Sells 91,840 Shares of International Business Machines Corporation $IBM

Banque Transatlantique SA reduced its stake in International Business Machines Corporation (NYSE:IBM) by 91.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,041 shares of the technology company’s stock after selling 91,840 shares during the quarter. Banque Transatlantique SA’s holdings in International Business Machines were worth $2,382,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares in the last quarter. Strategies Wealth Advisors LLC purchased a new position in International Business Machines in the first quarter worth about $398,000. Lord Abbett & CO. LLC purchased a new position in International Business Machines in the first quarter worth about $35,608,000. Vestmark Advisory Solutions Inc. bought a new position in shares of International Business Machines in the first quarter worth approximately $225,000. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of International Business Machines by 80.7% during the first quarter. Kovitz Investment Group Partners LLC now owns 97,840 shares of the technology company’s stock valued at $24,329,000 after buying an additional 43,709 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.5%

Shares of NYSE:IBM opened at $309.33 on Friday. The stock’s 50-day simple moving average is $299.47 and its two-hundred day simple moving average is $278.09. The stock has a market capitalization of $289.14 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 3.09 and a beta of 0.69. International Business Machines Corporation has a 52-week low of $214.50 and a 52-week high of $324.90. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.30 EPS. Analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were given a $1.68 dividend. The ex-dividend date was Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on IBM shares. Stifel Nicolaus boosted their price objective on shares of International Business Machines from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank Of Canada reduced their target price on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Bank of America boosted their price target on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Morgan Stanley lowered their price target on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Finally, Jefferies Financial Group lifted their price objective on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $293.38.

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.