Range Financial Group LLC Lowers Stock Holdings in International Business Machines Co. (NYSE:IBM)

Range Financial Group LLC trimmed its position in International Business Machines Co. (NYSE:IBMFree Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,195 shares of the technology company’s stock after selling 63 shares during the quarter. Range Financial Group LLC’s holdings in International Business Machines were worth $1,177,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of International Business Machines by 0.4% in the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock worth $11,515,290,000 after buying an additional 365,388 shares in the last quarter. BlackRock Inc. raised its stake in International Business Machines by 3.5% in the second quarter. BlackRock Inc. now owns 74,044,855 shares of the technology company’s stock valued at $9,907,942,000 after purchasing an additional 2,483,682 shares in the last quarter. State Street Corp raised its stake in International Business Machines by 1.7% in the second quarter. State Street Corp now owns 54,441,615 shares of the technology company’s stock valued at $7,284,833,000 after purchasing an additional 903,042 shares in the last quarter. Geode Capital Management LLC raised its stake in International Business Machines by 3.0% in the second quarter. Geode Capital Management LLC now owns 16,701,893 shares of the technology company’s stock valued at $2,228,691,000 after purchasing an additional 492,571 shares in the last quarter. Finally, Morgan Stanley raised its stake in International Business Machines by 22.8% in the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after purchasing an additional 3,084,458 shares in the last quarter. 56.16% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.0 %

Shares of International Business Machines stock opened at $191.11 on Monday. The company’s 50 day moving average price is $182.38 and its 200-day moving average price is $161.84. International Business Machines Co. has a 52-week low of $120.55 and a 52-week high of $199.18. The stock has a market capitalization of $175.20 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 3.85 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96.

International Business Machines (NYSE:IBMGet Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same quarter last year, the firm posted $3.60 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. Equities research analysts forecast that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a yield of 3.47%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 81.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Bank of America raised their target price on shares of International Business Machines from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. Royal Bank of Canada increased 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. Jefferies Financial Group started coverage on shares of International Business Machines in a research report on Friday, January 5th. They set a “hold” rating and a $180.00 price target on the stock. BMO Capital Markets increased their price target on shares of International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, Societe Generale reiterated a “sell” rating and set a $143.00 price target on shares of International Business Machines in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, International Business Machines has a consensus rating of “Hold” and a consensus target price of $173.00.

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International Business Machines Profile

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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.

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

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