Altrius Capital Management Inc Sells 211 Shares of International Business Machines Co. (NYSE:IBM)

Altrius Capital Management Inc decreased its stake in International Business Machines Co. (NYSE:IBM) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,180 shares of the technology company’s stock after selling 211 shares during the period. Altrius Capital Management Inc’s holdings in International Business Machines were worth $4,118,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Adell Harriman & Carpenter Inc. raised its stake in International Business Machines by 3.3% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 55,607 shares of the technology company’s stock valued at $9,095,000 after buying an additional 1,802 shares during the period. Intrust Bank NA increased its stake in shares of International Business Machines by 1.2% during the fourth quarter. Intrust Bank NA now owns 12,525 shares of the technology company’s stock worth $2,048,000 after purchasing an additional 148 shares during the period. Naviter Wealth LLC increased its stake in shares of International Business Machines by 20.2% during the fourth quarter. Naviter Wealth LLC now owns 7,874 shares of the technology company’s stock worth $1,288,000 after purchasing an additional 1,321 shares during the period. Investment House LLC increased its stake in shares of International Business Machines by 3.7% during the fourth quarter. Investment House LLC now owns 4,225 shares of the technology company’s stock worth $691,000 after purchasing an additional 150 shares during the period. Finally, Birchcreek Wealth Management LLC increased its stake in shares of International Business Machines by 8.4% during the fourth quarter. Birchcreek Wealth Management LLC now owns 2,097 shares of the technology company’s stock worth $343,000 after purchasing an additional 163 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of NYSE IBM traded up $0.30 during midday trading on Monday, reaching $167.43. The company’s stock had a trading volume of 5,242,272 shares, compared to its average volume of 5,011,007. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18. The firm has a 50 day moving average price of $187.60 and a 200-day moving average price of $170.53. The stock has a market capitalization of $153.49 billion, a P/E ratio of 18.96, a PEG ratio of 4.08 and a beta of 0.70. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 EPS. As a group, equities analysts predict that International Business Machines Co. will post 9.99 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.97%. International Business Machines’s dividend payout ratio (DPR) is presently 75.20%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Bank of America increased their price target on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $200.00 in a report on Friday, January 19th. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $200.00 in a report on Friday, January 19th. Morgan Stanley cut their price objective on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 target price on shares of International Business Machines in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus target price of $184.08.

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.