International Business Machines Co. (NYSE:IBM) Stock Position Decreased by PGGM Investments

PGGM Investments lowered its holdings in International Business Machines Co. (NYSE:IBM) by 53.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,374 shares of the technology company’s stock after selling 27,358 shares during the period. PGGM Investments’ holdings in International Business Machines were worth $4,043,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in International Business Machines in the first quarter worth $26,000. ESL Trust Services LLC bought a new stake in International Business Machines in the 1st quarter valued at about $28,000. Naples Money Management LLC bought a new position in International Business Machines in the 4th quarter worth about $28,000. Creekmur Asset Management LLC acquired a new stake in International Business Machines in the 4th quarter valued at approximately $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in International Business Machines during the 4th quarter valued at $31,000. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IBM. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Stifel Nicolaus boosted their price target on shares of International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada increased their price objective on shares of International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. UBS Group boosted their target price on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday, April 22nd. Finally, Wedbush increased their price target on International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $184.93.

International Business Machines Stock Up 0.8 %

NYSE:IBM traded up $1.58 during trading hours on Thursday, hitting $193.90. 543,166 shares of the company’s stock traded hands, compared to its average volume of 4,343,662. The stock’s fifty day moving average price is $180.14 and its two-hundred day moving average price is $180.94. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The firm has a market cap of $178.12 billion, a P/E ratio of 21.92, a P/E/G ratio of 4.24 and a beta of 0.71. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $199.18.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the previous year, the company posted $2.18 EPS. International Business Machines’s revenue was up 1.9% on a year-over-year basis. On average, research analysts expect that International Business Machines Co. will post 10.06 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Friday, August 9th. International Business Machines’s payout ratio is presently 75.65%.

International Business Machines 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.