International Business Machines Co. (NYSE:IBM) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lowered its stake in International Business Machines Co. (NYSE:IBM) by 23.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,730 shares of the technology company’s stock after selling 826 shares during the quarter. Alpha Cubed Investments LLC’s holdings in International Business Machines were worth $446,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of IBM. Naples Money Management LLC bought a new stake in International Business Machines in the fourth quarter worth about $28,000. Briaud Financial Planning Inc bought a new stake in International Business Machines in the third quarter worth about $31,000. Stone House Investment Management LLC raised its position in International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after acquiring an additional 204 shares in the last quarter. Financial Gravity Asset Management Inc. raised its position in International Business Machines by 67.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after acquiring an additional 91 shares in the last quarter. Finally, Cordant Inc. raised its position in International Business Machines by 753.3% in the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after acquiring an additional 226 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on IBM shares. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Royal Bank of Canada boosted their price objective on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Sanford C. Bernstein boosted their price objective on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Finally, Bank of America boosted their price objective on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average price target of $184.08.

International Business Machines Stock Up 0.1 %

Shares of International Business Machines stock opened at $166.41 on Wednesday. The stock has a market capitalization of $152.55 billion, a P/E ratio of 18.82, a PEG ratio of 4.10 and a beta of 0.70. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The stock has a 50 day moving average price of $186.85 and a two-hundred day moving average price of $170.91. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.08. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. Equities analysts expect that International Business Machines Co. will post 9.98 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be issued a dividend of $1.67 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a dividend yield of 4.01%. International Business Machines’s payout ratio is 75.20%.

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.