Stonebridge Capital Management Inc. Reduces Stock Holdings in International Business Machines Co. (NYSE:IBM)

Stonebridge Capital Management Inc. lowered its holdings in shares of International Business Machines Co. (NYSE:IBM) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,916 shares of the technology company’s stock after selling 350 shares during the period. International Business Machines comprises 1.9% of Stonebridge Capital Management Inc.’s portfolio, making the stock its 19th largest holding. Stonebridge Capital Management Inc.’s holdings in International Business Machines were worth $4,598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in International Business Machines by 13.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 77,189 shares of the technology company’s stock worth $13,350,000 after buying an additional 9,155 shares in the last quarter. One Capital Management LLC grew its position in shares of International Business Machines by 44.7% in the second quarter. One Capital Management LLC now owns 2,905 shares of the technology company’s stock valued at $502,000 after purchasing an additional 898 shares during the period. Financial & Tax Architects LLC grew its position in shares of International Business Machines by 7.4% in the second quarter. Financial & Tax Architects LLC now owns 36,823 shares of the technology company’s stock valued at $6,369,000 after purchasing an additional 2,522 shares during the period. Bradley Foster & Sargent Inc. CT grew its position in shares of International Business Machines by 3.2% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 88,495 shares of the technology company’s stock valued at $15,305,000 after purchasing an additional 2,715 shares during the period. Finally, Wealth Alliance grew its position in shares of International Business Machines by 4.3% in the second quarter. Wealth Alliance now owns 5,945 shares of the technology company’s stock valued at $1,028,000 after purchasing an additional 245 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 1.1 %

NYSE:IBM opened at $220.07 on Thursday. The firm has a market capitalization of $203.49 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 4.71 and a beta of 0.74. The stock has a 50 day moving average of $222.34 and a 200-day moving average of $210.16. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $239.35. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.20 EPS. Analysts predict that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a $1.67 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.04%. International Business Machines’s dividend payout ratio (DPR) is 97.23%.

Insiders Place Their Bets

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. The Goldman Sachs Group lifted their target price on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a report on Wednesday, October 2nd. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. UBS Group boosted their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday. Finally, BMO Capital Markets boosted their price objective on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $215.81.

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.