Swiss National Bank Lowers Stock Position in International Business Machines Corporation $IBM

Swiss National Bank cut its holdings in International Business Machines Corporation (NYSE:IBM) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,679,000 shares of the technology company’s stock after selling 127,900 shares during the quarter. International Business Machines makes up about 0.4% of Swiss National Bank’s holdings, making the stock its 29th biggest holding. Swiss National Bank owned 0.29% of International Business Machines worth $755,907,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Winnow Wealth LLC purchased a new stake in International Business Machines in the second quarter worth about $27,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of International Business Machines during the third quarter valued at approximately $28,000. Trifecta Capital Advisors LLC boosted its position in shares of International Business Machines by 129.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock worth $36,000 after purchasing an additional 71 shares in the last quarter. American Wealth Advisors LLC purchased a new stake in shares of International Business Machines in the 3rd quarter worth approximately $40,000. Finally, Davis Capital Management purchased a new stake in shares of International Business Machines in the 3rd quarter worth approximately $54,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Michael Miebach purchased 434 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average cost of $233.33 per share, for a total transaction of $101,265.22. Following the purchase, the director directly owned 434 shares in the company, valued at approximately $101,265.22. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David N. Farr acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was purchased at an average cost of $304.00 per share, with a total value of $304,000.00. Following the acquisition, the director directly owned 9,258 shares of the company’s stock, valued at $2,814,432. This trade represents a 12.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 1,484 shares of company stock valued at $417,157. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on IBM shares. Morgan Stanley lowered their price objective on International Business Machines from $304.00 to $247.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Royal Bank Of Canada set a $361.00 price target on International Business Machines in a report on Thursday, January 29th. UBS Group upgraded shares of International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price target on the stock in a research note on Wednesday, February 25th. Jefferies Financial Group reissued a “buy” rating on shares of International Business Machines in a research report on Monday, February 23rd. Finally, DZ Bank upgraded shares of International Business Machines to a “hold” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, International Business Machines has an average rating of “Moderate Buy” and an average target price of $320.87.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $258.19 on Monday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 0.96. The firm has a market cap of $242.19 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 2.59 and a beta of 0.73. The business has a 50-day simple moving average of $281.73 and a two-hundred day simple moving average of $284.58. International Business Machines Corporation has a fifty-two week low of $214.50 and a fifty-two week high of $324.90.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The firm had revenue of $19.69 billion for the quarter, compared to the consensus estimate of $19.23 billion. During the same quarter last year, the firm posted $3.92 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be issued a $1.68 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $6.72 annualized dividend and a yield of 2.6%. International Business Machines’s dividend payout ratio (DPR) is currently 60.27%.

International Business Machines Company Profile

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.