Howland Capital Management LLC Sells 805 Shares of International Business Machines Co. (NYSE:IBM)


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Howland Capital Management LLC decreased its holdings in International Business Machines Co. (NYSE:IBM) by 8.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 8,406 shares of the technology company’s stock after selling 805 shares during the period. Howland Capital Management LLC’s holdings in International Business Machines were worth $1,120,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. grew its stake in shares of International Business Machines by 2.2% in the fourth quarter. BlackRock Inc. now owns 62,271,273 shares of the technology company’s stock worth $7,838,709,000 after purchasing an additional 1,324,858 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in International Business Machines by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,571,878 shares of the technology company’s stock valued at $1,582,548,000 after acquiring an additional 943,571 shares during the last quarter. Morgan Stanley boosted its position in International Business Machines by 6.4% during the fourth quarter. Morgan Stanley now owns 9,853,901 shares of the technology company’s stock valued at $1,240,410,000 after acquiring an additional 592,500 shares during the last quarter. Norges Bank bought a new stake in International Business Machines during the fourth quarter valued at $1,116,008,000. Finally, Dimensional Fund Advisors LP boosted its position in International Business Machines by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,066,979 shares of the technology company’s stock valued at $511,909,000 after acquiring an additional 76,646 shares during the last quarter. 55.67% of the stock is currently owned by institutional investors.

IBM opened at $144.75 on Tuesday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.05 and a quick ratio of 1.00. International Business Machines Co. has a fifty-two week low of $105.92 and a fifty-two week high of $148.74. The firm has a market capitalization of $129.34 billion, a PE ratio of 16.39, a P/E/G ratio of 3.36 and a beta of 1.25. The company’s 50-day moving average is $135.20 and its 200 day moving average is $125.17.

International Business Machines (NYSE:IBM) last posted its earnings results on Sunday, April 18th. The technology company reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.14. International Business Machines had a net margin of 10.53% and a return on equity of 48.69%. The company had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.35 billion. During the same quarter in the prior year, the business posted $1.84 EPS. The firm’s revenue was up .9% compared to the same quarter last year. As a group, analysts expect that International Business Machines Co. will post 8.73 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Monday, May 10th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend is Friday, May 7th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.63. International Business Machines’s dividend payout ratio is currently 50.90%.

A number of brokerages have commented on IBM. Credit Suisse Group upped their price target on shares of International Business Machines from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Monday, April 26th. Morgan Stanley upped their price target on shares of International Business Machines from $150.00 to $152.00 and gave the company an “equal weight” rating in a research report on Monday, April 26th. Stifel Nicolaus upped their price objective on shares of International Business Machines from $147.00 to $151.00 and gave the company a “buy” rating in a report on Tuesday, April 20th. Finally, BMO Capital Markets upped their price objective on shares of International Business Machines from $138.00 to $150.00 and gave the company a “market perform” rating in a report on Monday, April 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. International Business Machines currently has an average rating of “Hold” and a consensus target price of $146.00.

International Business Machines Profile

International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, supply chain, and asset management, weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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