International Business Machines Corporation $IBM Position Decreased by LM Advisors LLC

LM Advisors LLC trimmed its position in International Business Machines Corporation (NYSE:IBM) by 75.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 601 shares of the technology company’s stock after selling 1,868 shares during the quarter. LM Advisors LLC’s holdings in International Business Machines were worth $178,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Family CFO Inc acquired a new position in shares of International Business Machines in the fourth quarter worth about $25,000. Basepoint Wealth LLC acquired a new position in shares of International Business Machines in the fourth quarter worth about $25,000. Joseph Group Capital Management purchased a new stake in shares of International Business Machines in the fourth quarter worth approximately $28,000. Cornerstone Financial Management LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth approximately $28,000. Finally, SWAN Capital LLC purchased a new stake in shares of International Business Machines in the third quarter worth approximately $28,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Needham & Company LLC assumed coverage on shares of International Business Machines in a research report on Wednesday, June 3rd. They issued a “buy” rating for the company. Oppenheimer reduced their price target on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Jefferies Financial Group reduced their price target on shares of International Business Machines from $370.00 to $320.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Finally, Barclays assumed coverage on shares of International Business Machines in a research report on Monday, June 1st. They issued an “overweight” rating and a $350.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.17.

International Business Machines Price Performance

Shares of IBM opened at $271.77 on Friday. The firm has a market cap of $255.43 billion, a PE ratio of 24.03, a PEG ratio of 2.82 and a beta of 0.67. The firm’s 50 day moving average price is $250.02 and its 200 day moving average price is $270.34. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $332.46.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.10. The firm had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.60 earnings per share. As a group, research analysts expect that International Business Machines Corporation will post 12.38 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a dividend of $1.69 per share. The ex-dividend date of this dividend was Friday, May 8th. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a yield of 2.5%. International Business Machines’s payout ratio is 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.