International Business Machines Co. (NYSE:IBM) Shares Sold by LS Investment Advisors LLC

LS Investment Advisors LLC reduced its position in shares of International Business Machines Co. (NYSE:IBM) by 27.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,010 shares of the technology company’s stock after selling 1,485 shares during the period. LS Investment Advisors LLC’s holdings in International Business Machines were worth $997,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Capital World Investors raised its position in International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company’s stock valued at $2,634,577,000 after purchasing an additional 9,650,534 shares during the period. Norges Bank acquired a new position in International Business Machines in the fourth quarter valued at about $1,236,176,000. GAMMA Investing LLC boosted its stake in International Business Machines by 29,564.2% during the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company’s stock worth $10,940,520,000 after buying an additional 4,384,958 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of International Business Machines during the fourth quarter valued at about $592,746,000. Finally, Northern Trust Corp raised its stake in shares of International Business Machines by 18.6% in the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company’s stock valued at $2,384,275,000 after acquiring an additional 1,704,209 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

NYSE IBM opened at $265.34 on Thursday. The company has a fifty day moving average of $247.45 and a two-hundred day moving average of $240.98. The company has a market capitalization of $246.61 billion, a PE ratio of 41.39, a P/E/G ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 1 year low of $165.78 and a 1 year high of $269.28. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 EPS. As a group, analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a $1.68 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.53%. International Business Machines’s dividend payout ratio is presently 115.66%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wall Street Zen cut International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Citigroup restated an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. Morgan Stanley reduced their target price on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Finally, Wedbush restated an “outperform” rating and issued a $300.00 price target on shares of International Business Machines in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, International Business Machines has an average rating of “Hold” and a consensus price target of $249.06.

International Business Machines Company Profile

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.