International Business Machines Corporation $IBM Shares Sold by Stephens Consulting LLC

Stephens Consulting LLC trimmed its position in International Business Machines Corporation (NYSE:IBM) by 87.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 451 shares of the technology company’s stock after selling 3,225 shares during the quarter. Stephens Consulting LLC’s holdings in International Business Machines were worth $127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Family CFO Inc acquired a new stake in shares of International Business Machines during the second quarter worth $25,000. Winnow Wealth LLC bought a new stake in shares of International Business Machines during the 2nd quarter valued at about $27,000. Highline Wealth Partners LLC raised its stake in International Business Machines by 85.0% during the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after acquiring an additional 51 shares during the period. Silicon Valley Capital Partners lifted its holdings in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Finally, Copia Wealth Management boosted its stake in International Business Machines by 57.6% in the second quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock valued at $40,000 after acquiring an additional 49 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on IBM shares. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of International Business Machines in a research report on Wednesday, December 10th. Oppenheimer began coverage on shares of International Business Machines in a report on Friday, November 21st. They set an “outperform” rating and a $360.00 price target for the company. Stifel Nicolaus upped their price target on shares of International Business Machines from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Finally, Morgan Stanley cut their price objective on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.38.

International Business Machines Price Performance

Shares of NYSE IBM opened at $304.40 on Thursday. The stock has a market cap of $284.53 billion, a P/E ratio of 36.41, a P/E/G ratio of 3.03 and a beta of 0.69. The firm’s 50-day simple moving average is $302.57 and its 200 day simple moving average is $280.43. International Business Machines Corporation has a fifty-two week low of $214.50 and a fifty-two week high of $324.90. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last released its 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 for the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. International Business Machines’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $2.30 EPS. Equities analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.