International Business Machines Co. (NYSE:IBM) Stock Position Reduced by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. trimmed its position in International Business Machines Co. (NYSE:IBM) by 5.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,809 shares of the technology company’s stock after selling 1,483 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in International Business Machines were worth $4,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Syon Capital LLC bought a new position in shares of International Business Machines during the fourth quarter worth about $220,000. PGGM Investments increased its position in International Business Machines by 44.2% in the 4th quarter. PGGM Investments now owns 23,531 shares of the technology company’s stock valued at $3,848,000 after acquiring an additional 7,210 shares during the period. Stonebrook Private Inc. bought a new stake in International Business Machines during the 4th quarter valued at $354,000. Silver Oak Securities Incorporated boosted its position in International Business Machines by 17.5% during the 4th quarter. Silver Oak Securities Incorporated now owns 4,933 shares of the technology company’s stock worth $807,000 after acquiring an additional 735 shares during the period. Finally, Marco Investment Management LLC grew its stake in shares of International Business Machines by 20.1% in the fourth quarter. Marco Investment Management LLC now owns 9,689 shares of the technology company’s stock worth $1,585,000 after purchasing an additional 1,620 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock traded up $1.97 during trading on Thursday, reaching $200.43. The company’s stock had a trading volume of 1,587,128 shares, compared to its average volume of 4,231,902. The business’s fifty day moving average price is $184.92 and its 200-day moving average price is $181.60. International Business Machines Co. has a one year low of $135.87 and a one year high of $201.12. The firm has a market cap of $184.12 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 4.24 and a beta of 0.71. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same period in the previous year, the company earned $2.18 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts predict that International Business Machines Co. will post 10.06 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be paid a dividend of $1.67 per share. The ex-dividend date is Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.33%. International Business Machines’s dividend payout ratio is 75.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Royal Bank of Canada lifted their target price on International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. The Goldman Sachs Group initiated coverage on shares of International Business Machines in a research report on Monday, June 24th. They set a “buy” rating and a $200.00 price objective for the company. Jefferies Financial Group boosted their target price on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Finally, BMO Capital Markets raised their target price on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $184.93.

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.