Schnieders Capital Management LLC Has $7.98 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Schnieders Capital Management LLC reduced its holdings in shares of International Business Machines Co. (NYSE:IBM) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,813 shares of the technology company’s stock after selling 445 shares during the quarter. International Business Machines accounts for about 1.8% of Schnieders Capital Management LLC’s holdings, making the stock its 14th biggest position. Schnieders Capital Management LLC’s holdings in International Business Machines were worth $7,983,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Naples Money Management LLC bought a new position in shares of International Business Machines in the 4th quarter worth $28,000. Briaud Financial Planning Inc bought a new position in shares of International Business Machines in the 3rd quarter worth $31,000. Stone House Investment Management LLC increased its holdings in shares of International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after buying an additional 204 shares during the last quarter. Financial Gravity Asset Management Inc. increased its holdings in shares of International Business Machines by 67.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after buying an additional 91 shares during the last quarter. Finally, Cordant Inc. increased its holdings in shares of International Business Machines by 753.3% in the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after buying an additional 226 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.2 %

IBM traded up $0.29 during trading on Tuesday, hitting $182.19. 5,921,450 shares of the stock traded hands, compared to its average volume of 4,773,702. The firm has a market capitalization of $167.02 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The firm has a 50-day moving average of $188.35 and a 200 day moving average of $169.88. 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 issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same period in the prior year, the business earned $3.60 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts anticipate that International Business Machines Co. will post 10.04 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders 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 annualized dividend and a yield of 3.64%. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IBM. Bank of America increased their price target on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $190.00 price objective on shares of International Business Machines in a research note on Wednesday, April 17th. Royal Bank of Canada upped their price objective on shares of International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. UBS Group upped their price objective on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research note on Monday. Finally, Societe Generale reaffirmed a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a research note on Friday, January 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $177.23.

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.