International Business Machines Corporation $IBM Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. decreased its position in International Business Machines Corporation (NYSE:IBM) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 438,306 shares of the technology company’s stock after selling 5,101 shares during the period. Royal London Asset Management Ltd.’s holdings in International Business Machines were worth $129,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Family CFO Inc purchased a new position in shares of International Business Machines in the fourth quarter worth about $25,000. Basepoint Wealth LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth about $25,000. Joseph Group Capital Management purchased a new stake in International Business Machines in the fourth quarter valued at approximately $28,000. SWAN Capital LLC acquired a new position in International Business Machines in the 3rd quarter worth approximately $28,000. Finally, DecisionPoint Financial LLC increased its holdings in International Business Machines by 1,666.7% in the 4th quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock worth $31,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE:IBM opened at $271.77 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The firm has a market cap of $255.43 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 2.85 and a beta of 0.67. The company has a 50 day moving average price of $250.02 and a 200-day moving average price of $270.34. International Business Machines Corporation has a 1-year low of $212.34 and a 1-year high of $332.46.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The firm had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.60 earnings per share. Equities research analysts forecast that International Business Machines Corporation will post 12.38 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, May 8th. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio is currently 59.77%.

Analyst Ratings Changes

IBM has been the subject of several research reports. Wall Street Zen cut shares of International Business Machines from a “hold” rating to a “sell” rating in a research note on Saturday. UBS Group upgraded shares of International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price objective on the stock in a research note on Wednesday, February 25th. JPMorgan Chase & Co. decreased their target price on shares of International Business Machines from $317.00 to $283.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Barclays began coverage on shares of International Business Machines in a report on Monday, June 1st. They issued an “overweight” rating and a $350.00 price target on the stock. Finally, BMO Capital Markets cut their price target on International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and an average price target of $304.17.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.