International Business Machines Co. (NYSE:IBM) Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. trimmed its stake in shares of International Business Machines Co. (NYSE:IBMFree Report) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,805 shares of the technology company’s stock after selling 1,982 shares during the period. Hilltop Holdings Inc.’s holdings in International Business Machines were worth $3,893,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Desjardins Global Asset Management Inc. increased its stake in International Business Machines by 1.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after purchasing an additional 54 shares in the last quarter. Calamos Wealth Management LLC increased its position in shares of International Business Machines by 2.8% in the 4th quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock valued at $328,000 after buying an additional 55 shares in the last quarter. Avion Wealth raised its stake in International Business Machines by 6.2% during the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after buying an additional 56 shares during the period. Northwest Capital Management Inc lifted its holdings in International Business Machines by 5.0% during the fourth quarter. Northwest Capital Management Inc now owns 1,230 shares of the technology company’s stock worth $201,000 after acquiring an additional 59 shares in the last quarter. Finally, Financial Security Advisor Inc. grew its stake in International Business Machines by 2.7% in the fourth quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock valued at $384,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.1 %

IBM stock traded up $0.22 during mid-day trading on Friday, reaching $170.89. The company had a trading volume of 2,587,829 shares, compared to its average volume of 4,034,857. International Business Machines Co. has a 52 week low of $125.01 and a 52 week high of $199.18. The company has a market capitalization of $156.98 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 4.21 and a beta of 0.74. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The stock has a 50 day simple moving average of $179.12 and a two-hundred day simple moving average of $174.22.

International Business Machines (NYSE:IBMGet Free Report) last released its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $1.36 earnings per share. As a group, equities analysts predict that International Business Machines Co. will post 9.91 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a $1.67 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IBM. BMO Capital Markets dropped their price target on International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. Wedbush lifted their price target on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Sanford C. Bernstein increased their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. BNP Paribas started coverage on shares of International Business Machines in a report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price objective on the stock. Finally, Jefferies Financial Group reduced their target price on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $181.29.

Get Our Latest Stock Analysis on International Business Machines

International Business Machines Profile

(Free Report)

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.

See Also

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

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