International Business Machines Co. (NYSE:IBM) Shares Sold by Tufton Capital Management

Tufton Capital Management trimmed its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.8% in the 4th quarter, HoldingsChannel reports. The firm owned 28,907 shares of the technology company’s stock after selling 542 shares during the quarter. Tufton Capital Management’s holdings in International Business Machines were worth $4,728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Roman Butler Fullerton & Co. boosted its holdings in shares of International Business Machines by 1.7% in the fourth quarter. Roman Butler Fullerton & Co. now owns 5,311 shares of the technology company’s stock worth $869,000 after buying an additional 90 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in International Business Machines by 78.6% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,172 shares of the technology company’s stock worth $355,000 after purchasing an additional 956 shares during the period. Daiwa Securities Group Inc. raised its stake in International Business Machines by 4.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 159,094 shares of the technology company’s stock valued at $26,019,000 after purchasing an additional 6,891 shares during the period. Rakuten Securities Inc. purchased a new stake in shares of International Business Machines in the fourth quarter valued at $196,000. Finally, Prosperity Wealth Management Inc. boosted its position in shares of International Business Machines by 6.5% in the fourth quarter. Prosperity Wealth Management Inc. now owns 1,628 shares of the technology company’s stock worth $266,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.0 %

Shares of NYSE:IBM traded up $0.05 on Thursday, reaching $183.15. The company had a trading volume of 994,879 shares, compared to its average volume of 4,777,672. The stock has a market capitalization of $167.90 billion, a P/E ratio of 22.56, a P/E/G ratio of 3.60 and a beta of 0.70. The stock has a 50-day moving average price of $188.61 and a 200 day moving average price of $168.54. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The firm had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same period in the previous year, the company earned $3.60 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities analysts expect that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.63%. International Business Machines’s payout ratio is presently 81.67%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on IBM shares. Stifel Nicolaus reissued a “buy” rating and issued a $190.00 price objective on shares of International Business Machines in a research note on Wednesday. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Bank of America upped their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Societe Generale restated a “sell” rating and set a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. Finally, BMO Capital Markets lifted their price objective on International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $178.67.

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.