CreativeOne Wealth LLC Sells 357 Shares of International Business Machines Co. (NYSE:IBM)

CreativeOne Wealth LLC cut its stake in shares of International Business Machines Co. (NYSE:IBMFree Report) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,885 shares of the technology company’s stock after selling 357 shares during the period. CreativeOne Wealth LLC’s holdings in International Business Machines were worth $1,290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBM. Vontobel Holding Ltd. lifted its stake in International Business Machines by 20.3% during the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after purchasing an additional 80,474 shares during the last quarter. Natixis Advisors L.P. grew its position in International Business Machines by 18.1% during the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after acquiring an additional 57,170 shares during the last quarter. Herold Advisors Inc. lifted its holdings in shares of International Business Machines by 3.2% in the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after acquiring an additional 688 shares during the last quarter. Tsfg LLC boosted its stake in shares of International Business Machines by 40.5% in the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after purchasing an additional 109 shares in the last quarter. Finally, Auxano Advisors LLC grew its holdings in shares of International Business Machines by 4.8% during the 4th quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock valued at $556,000 after purchasing an additional 156 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.2 %

Shares of IBM stock traded up $0.37 during midday trading on Wednesday, reaching $173.84. 389,783 shares of the stock were exchanged, compared to its average volume of 4,758,021. International Business Machines Co. has a 1 year low of $125.01 and a 1 year high of $199.18. The firm has a market cap of $159.69 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 4.19 and a beta of 0.74. The company’s 50 day moving average is $180.44 and its two-hundred day moving average is $173.73. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32.

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

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a dividend of $1.67 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Analyst Ratings Changes

IBM has been the subject of several analyst reports. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of International Business Machines in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Wedbush lifted their target price on shares of International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, BNP Paribas began coverage on shares of International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price target for the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $181.29.

Read Our Latest Analysis on International Business Machines

International Business Machines Company 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

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.