International Business Machines Co. (NYSE:IBM) Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC cut its holdings in International Business Machines Co. (NYSE:IBM) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,557 shares of the technology company’s stock after selling 102 shares during the quarter. NTV Asset Management LLC’s holdings in International Business Machines were worth $3,035,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IBM. Connecticut Wealth Management LLC raised its stake in shares of International Business Machines by 26.3% in the fourth quarter. Connecticut Wealth Management LLC now owns 6,434 shares of the technology company’s stock worth $1,052,000 after purchasing an additional 1,338 shares during the last quarter. Avalon Trust Co increased its stake in shares of International Business Machines by 29.7% in the fourth quarter. Avalon Trust Co now owns 1,561 shares of the technology company’s stock worth $255,000 after acquiring an additional 357 shares during the period. Royal Fund Management LLC raised its holdings in shares of International Business Machines by 2.0% during the fourth quarter. Royal Fund Management LLC now owns 33,973 shares of the technology company’s stock worth $5,560,000 after purchasing an additional 658 shares during the last quarter. AJOVista LLC acquired a new position in International Business Machines during the fourth quarter valued at $119,000. Finally, Provence Wealth Management Group boosted its holdings in International Business Machines by 12.4% in the fourth quarter. Provence Wealth Management Group now owns 3,119 shares of the technology company’s stock valued at $510,000 after purchasing an additional 344 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM stock traded up $1.02 during midday trading on Friday, reaching $165.71. The stock had a trading volume of 3,400,405 shares, compared to its average volume of 4,768,629. International Business Machines Co. has a 52-week low of $120.55 and a 52-week high of $199.18. The company has a market cap of $152.22 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 4.05 and a beta of 0.74. The company’s fifty day simple moving average is $185.75 and its 200 day simple moving average is $171.01. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same period in the previous year, the business posted $1.36 earnings per share. International Business Machines’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts predict that International Business Machines Co. will post 9.92 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase 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 4.03%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IBM shares. Morgan Stanley lowered their target price on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Bank of America upped their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, BMO Capital Markets cut their price target on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $181.29.

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.