International Business Machines Co. (NYSE:IBM) Shares Sold by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC reduced its stake in shares of International Business Machines Co. (NYSE:IBMFree Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,736 shares of the technology company’s stock after selling 296 shares during the period. Capital Asset Advisory Services LLC’s holdings in International Business Machines were worth $1,102,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new position in International Business Machines during the 2nd quarter worth approximately $28,000. Live Oak Investment Partners purchased a new position in shares of International Business Machines during the fourth quarter worth $30,000. Briaud Financial Planning Inc acquired a new position in International Business Machines during the third quarter valued at $31,000. PCA Investment Advisory Services Inc. purchased a new stake in International Business Machines in the second quarter valued at $31,000. Finally, Stone House Investment Management LLC grew its position in International Business Machines by 971.4% during the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 204 shares during the period. 56.16% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

NYSE:IBM opened at $191.07 on Friday. The stock has a 50 day moving average of $182.38 and a two-hundred day moving average of $161.73. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The firm has a market cap of $175.16 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 3.85 and a beta of 0.70. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBMGet Free Report) last issued its quarterly earnings results 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 return on equity of 39.55% and a net margin of 12.13%. The firm had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. During the same period in the previous year, the business earned $3.60 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts expect that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.48%. International Business Machines’s dividend payout ratio is presently 81.67%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Stifel Nicolaus raised their target price on International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $165.00 to $200.00 in a report on Friday, January 19th. Royal Bank of Canada raised their price target on shares of International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Finally, Societe Generale restated a “sell” rating and set a $143.00 target price on shares of International Business Machines in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $173.00.

View Our Latest Analysis on International Business Machines

About International Business Machines

(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.

Recommended Stories

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Co. (NYSE:IBMFree Report).

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

Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.