International Business Machines Co. (NYSE:IBM) Stock Position Lessened by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC reduced its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 466,139 shares of the technology company’s stock after selling 7,770 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.05% of International Business Machines worth $104,033,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. United Bank lifted its holdings in shares of International Business Machines by 53.3% in the third quarter. United Bank now owns 5,628 shares of the technology company’s stock valued at $1,244,000 after buying an additional 1,956 shares during the period. Quest Partners LLC lifted its holdings in International Business Machines by 23,700.0% in the 3rd quarter. Quest Partners LLC now owns 238 shares of the technology company’s stock valued at $53,000 after acquiring an additional 237 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of International Business Machines during the 3rd quarter valued at about $4,355,000. Vinva Investment Management Ltd acquired a new position in shares of International Business Machines in the 3rd quarter worth approximately $599,000. Finally, L.M. Kohn & Company raised its holdings in shares of International Business Machines by 12.9% in the 3rd quarter. L.M. Kohn & Company now owns 2,238 shares of the technology company’s stock worth $495,000 after purchasing an additional 255 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on IBM shares. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. JPMorgan Chase & Co. lifted their target price on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. UBS Group upped their target price on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Finally, Wedbush started coverage on shares of International Business Machines in a research note on Monday, February 3rd. They set an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $231.44.

International Business Machines Trading Down 1.0 %

International Business Machines stock opened at $243.83 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45. The company’s fifty day simple moving average is $249.51 and its 200-day simple moving average is $231.62. The stock has a market cap of $226.10 billion, a P/E ratio of 38.04, a P/E/G ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, sell-side analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.74%. The ex-dividend date was Monday, February 10th. International Business Machines’s dividend payout ratio is 104.21%.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

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.