Vontobel Holding Ltd. Sells 31,910 Shares of International Business Machines Corporation $IBM

Vontobel Holding Ltd. lowered its position in shares of International Business Machines Corporation (NYSE:IBM) by 13.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 205,694 shares of the technology company’s stock after selling 31,910 shares during the quarter. Vontobel Holding Ltd.’s holdings in International Business Machines were worth $58,039,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Family CFO Inc bought a new stake in International Business Machines during the second quarter worth $25,000. Winnow Wealth LLC bought a new stake in shares of International Business Machines during the 2nd quarter worth $27,000. Silicon Valley Capital Partners boosted its holdings in shares of International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Highline Wealth Partners LLC grew its position in International Business Machines by 85.0% during the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after buying an additional 51 shares during the period. Finally, Copia Wealth Management increased its holdings in International Business Machines by 57.6% during the second quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock worth $40,000 after buying an additional 49 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 0.4%

Shares of IBM stock opened at $303.93 on Wednesday. International Business Machines Corporation has a 52-week low of $214.50 and a 52-week high of $324.90. The business’s fifty day moving average is $302.10 and its 200 day moving average is $280.26. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market capitalization of $284.09 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 3.02 and a beta of 0.69.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.30 EPS. On average, equities research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were given a $1.68 dividend. The ex-dividend date was Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.2%. International Business Machines’s payout ratio is 80.38%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IBM shares. Royal Bank Of Canada reduced their target price on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Sanford C. Bernstein reissued a “market perform” rating on shares of International Business Machines in a research report on Wednesday, December 10th. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Oppenheimer assumed coverage on International Business Machines in a research note on Friday, November 21st. They issued an “outperform” rating and a $360.00 price objective on the stock. Finally, Morgan Stanley cut their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $293.38.

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.