Global Assets Advisory LLC Sells 2,569 Shares of International Business Machines Corporation $IBM

Global Assets Advisory LLC decreased its position in International Business Machines Corporation (NYSE:IBM) by 21.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,475 shares of the technology company’s stock after selling 2,569 shares during the quarter. International Business Machines accounts for about 0.8% of Global Assets Advisory LLC’s investment portfolio, making the stock its 28th biggest holding. Global Assets Advisory LLC’s holdings in International Business Machines were worth $2,806,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. CVA Family Office LLC grew its stake in shares of International Business Machines by 1.4% in the 4th quarter. CVA Family Office LLC now owns 2,389 shares of the technology company’s stock valued at $708,000 after buying an additional 33 shares in the last quarter. Foster Group Inc. grew its stake in shares of International Business Machines by 1.3% in the 4th quarter. Foster Group Inc. now owns 2,507 shares of the technology company’s stock valued at $742,000 after buying an additional 33 shares in the last quarter. New Covenant Trust Company N.A. grew its stake in shares of International Business Machines by 3.8% in the 4th quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company’s stock valued at $264,000 after buying an additional 33 shares in the last quarter. McGowan Group Asset Management Inc. grew its stake in shares of International Business Machines by 1.2% in the 4th quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock valued at $798,000 after buying an additional 33 shares in the last quarter. Finally, CFS Investment Advisory Services LLC grew its stake in shares of International Business Machines by 0.4% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 9,359 shares of the technology company’s stock valued at $2,878,000 after buying an additional 34 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Insider Activity at International Business Machines

In other International Business Machines news, Director Michael Miebach purchased 434 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was bought at an average cost of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the acquisition, the director directly owned 434 shares in the company, valued at $101,265.22. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. lowered their price target on International Business Machines from $317.00 to $283.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Citigroup assumed coverage on International Business Machines in a report on Friday, April 10th. They issued a “buy” rating and a $285.00 target price for the company. Stifel Nicolaus set a $290.00 target price on International Business Machines in a report on Friday. Finally, DZ Bank upgraded International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 target price for the company in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and a consensus price target of $294.41.

Key Headlines Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM is being linked to a major U.S. government quantum-computing funding push, which has lifted sentiment across the sector and reinforced the view that IBM could be a key long-term beneficiary of federal investment in the technology. Article Title
• Positive Sentiment: Articles about Trump’s $2 billion quantum push and a $1 billion investment tied to an IBM-backed quantum foundry have strengthened the “IBM as a quantum leader” narrative, which may support the stock. Article Title
• Positive Sentiment: IBM’s India executive said the country’s AI ambitions depend on workforce re-skilling and policy support, keeping IBM in the conversation as a major enterprise AI and consulting player in a large growth market. Article Title
• Neutral Sentiment: Jim Cramer said IBM “should be doing better,” echoing a view that the company’s fundamentals and strategic positioning may be stronger than its recent share performance has implied. Article Title
• Negative Sentiment: IBM is also winding down its Russia business, which is a sign of continued geopolitical disruption and may modestly weigh on revenue expectations, though the financial impact appears limited. Article Title

International Business Machines Stock Up 0.0%

IBM opened at $253.88 on Tuesday. The business has a 50 day moving average price of $238.83 and a 200 day moving average price of $271.88. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $324.90. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The firm has a market cap of $238.62 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 2.63 and a beta of 0.58.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. During the same period in the previous year, the company earned $1.60 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts forecast that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date is Friday, May 8th. International Business Machines’s dividend payout ratio is presently 59.77%.

International Business Machines 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.