IFM Investors Pty Ltd decreased its holdings in shares of International Business Machines Co. (NYSE:IBM – Free Report) by 0.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,464 shares of the technology company’s stock after selling 143 shares during the period. IFM Investors Pty Ltd’s holdings in International Business Machines were worth $41,223,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in shares of International Business Machines during the 1st quarter valued at approximately $26,000. ESL Trust Services LLC acquired a new position in International Business Machines during the first quarter worth $28,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in International Business Machines during the second quarter worth $36,000. Wolff Wiese Magana LLC grew its holdings in International Business Machines by 37.0% in the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock valued at $38,000 after purchasing an additional 60 shares during the last quarter. Finally, Briaud Financial Planning Inc increased its position in shares of International Business Machines by 54.3% in the second quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock valued at $49,000 after buying an additional 100 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.
International Business Machines Stock Performance
IBM traded down $15.11 during trading hours on Thursday, hitting $217.64. 6,313,973 shares of the stock were exchanged, compared to its average volume of 4,201,670. The stock has a 50-day simple moving average of $214.67 and a 200-day simple moving average of $190.05. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. International Business Machines Co. has a 12 month low of $136.33 and a 12 month high of $237.37. The stock has a market cap of $199.92 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70.
International Business Machines Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio is currently 75.65%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on IBM. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Stifel Nicolaus raised their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Jefferies Financial Group upped their target price on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday. Evercore ISI boosted their price target on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, UBS Group increased their price objective on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus price target of $208.65.
Check Out Our Latest Analysis on International Business Machines
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.
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