Hyman Charles D Reduces Stock Holdings in International Business Machines Co. (NYSE:IBM)

Hyman Charles D trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,112 shares of the technology company’s stock after selling 2,520 shares during the quarter. International Business Machines accounts for about 1.1% of Hyman Charles D’s portfolio, making the stock its 29th largest position. Hyman Charles D’s holdings in International Business Machines were worth $17,682,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in International Business Machines by 15,439.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock valued at $433,974,000 after purchasing an additional 2,636,386 shares during the last quarter. Morgan Stanley grew its stake in International Business Machines by 13.4% during the 3rd quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after purchasing an additional 1,919,490 shares during the last quarter. California Public Employees Retirement System grew its stake in International Business Machines by 15.9% during the 3rd quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock valued at $890,322,000 after purchasing an additional 871,247 shares during the last quarter. Northern Trust Corp grew its stake in International Business Machines by 4.2% during the 3rd quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock valued at $1,398,886,000 after purchasing an additional 404,948 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in International Business Machines by 162.4% during the 3rd quarter. Acadian Asset Management LLC now owns 621,682 shares of the technology company’s stock valued at $87,204,000 after purchasing an additional 384,744 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IBM has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Stifel Nicolaus reissued a “buy” rating and issued a $190.00 price objective on shares of International Business Machines in a report on Wednesday, April 17th. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $200.00 in a report on Friday, January 19th. BMO Capital Markets reduced their price target on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. Finally, Jefferies Financial Group reduced their price target on International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $181.29.

International Business Machines Price Performance

Shares of IBM stock traded up $1.52 during trading hours on Wednesday, reaching $169.90. The company had a trading volume of 3,473,794 shares, compared to its average volume of 4,933,335. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The stock has a fifty day moving average of $185.11 and a 200-day moving average of $171.88. The company has a market capitalization of $156.07 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 4.08 and a beta of 0.74. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 earnings per share. On average, equities analysts anticipate that International Business Machines Co. will post 9.92 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.93%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend is Thursday, May 9th. International Business Machines’s dividend payout ratio is presently 75.20%.

International Business Machines Profile

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.