Sterling Financial Planning Inc. Has $357,000 Stake in International Business Machines Co. (NYSE:IBM)


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Sterling Financial Planning Inc. cut its holdings in International Business Machines Co. (NYSE:IBM) by 4.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,677 shares of the technology company’s stock after selling 115 shares during the quarter. Sterling Financial Planning Inc.’s holdings in International Business Machines were worth $357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IBM. Financial Enhancement Group LLC boosted its position in shares of International Business Machines by 852.4% during the fourth quarter. Financial Enhancement Group LLC now owns 200 shares of the technology company’s stock worth $25,000 after purchasing an additional 179 shares in the last quarter. Oxler Private Wealth LLC bought a new position in shares of International Business Machines during the fourth quarter worth $25,000. Diversified LLC bought a new position in shares of International Business Machines during the fourth quarter worth $29,000. DB Wealth Management Group LLC bought a new stake in International Business Machines in the 4th quarter valued at $29,000. Finally, Sage Private Wealth Group LLC bought a new stake in International Business Machines in the 4th quarter valued at $31,000. 55.67% of the stock is currently owned by institutional investors.

Shares of International Business Machines stock traded up $0.21 on Tuesday, reaching $144.96. 98,633 shares of the stock were exchanged, compared to its average volume of 6,499,713. The firm’s 50 day moving average is $135.20 and its 200-day moving average is $125.17. International Business Machines Co. has a one year low of $105.92 and a one year high of $148.74. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.00 and a current ratio of 1.05. The firm has a market cap of $129.53 billion, a PE ratio of 16.39, a P/E/G ratio of 3.36 and a beta of 1.25.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Sunday, April 18th. The technology company reported $1.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.14. International Business Machines had a net margin of 10.53% and a return on equity of 48.69%. The business had revenue of $17.73 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same period in the prior year, the company earned $1.84 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts expect that International Business Machines Co. will post 8.73 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Monday, May 10th will be given a $1.64 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 4.53%. The ex-dividend date is Friday, May 7th. International Business Machines’s dividend payout ratio is 50.90%.

IBM has been the topic of several research reports. Morgan Stanley boosted their price objective on shares of International Business Machines from $150.00 to $152.00 and gave the company an “equal weight” rating in a research report on Monday, April 26th. Stifel Nicolaus lifted their price target on shares of International Business Machines from $147.00 to $151.00 and gave the company a “buy” rating in a research note on Tuesday, April 20th. BMO Capital Markets lifted their price target on shares of International Business Machines from $138.00 to $150.00 and gave the company a “market perform” rating in a research note on Monday, April 26th. Finally, Credit Suisse Group boosted their price objective on shares of International Business Machines from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Monday, April 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $146.00.

International Business Machines Company Profile

International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, supply chain, and asset management, weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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