International Business Machines Co. (NYSE:IBM) Shares Sold by Charles Schwab Trust Co

Charles Schwab Trust Co reduced its position in International Business Machines Co. (NYSE:IBM) by 64.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,773 shares of the technology company’s stock after selling 3,177 shares during the quarter. Charles Schwab Trust Co’s holdings in International Business Machines were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of IBM. Clearbridge Investments LLC lifted its holdings in shares of International Business Machines by 5.8% during the third quarter. Clearbridge Investments LLC now owns 34,406 shares of the technology company’s stock worth $4,827,000 after purchasing an additional 1,891 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of International Business Machines by 51.5% during the third quarter. Parkside Financial Bank & Trust now owns 4,540 shares of the technology company’s stock worth $637,000 after purchasing an additional 1,543 shares during the period. Operose Advisors LLC lifted its holdings in shares of International Business Machines by 39.7% during the third quarter. Operose Advisors LLC now owns 6,709 shares of the technology company’s stock worth $941,000 after purchasing an additional 1,905 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of International Business Machines by 18.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 138,941 shares of the technology company’s stock worth $19,493,000 after purchasing an additional 21,886 shares during the period. Finally, O ROURKE & COMPANY Inc lifted its holdings in shares of International Business Machines by 0.9% during the third quarter. O ROURKE & COMPANY Inc now owns 11,855 shares of the technology company’s stock worth $1,663,000 after purchasing an additional 107 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Down 1.4 %

International Business Machines stock opened at $172.61 on Wednesday. The stock has a market cap of $158.56 billion, a PE ratio of 19.55, a P/E/G ratio of 4.32 and a beta of 0.72. The stock has a 50-day moving average price of $170.56 and a 200 day moving average price of $176.40. International Business Machines Co. has a 52 week low of $129.31 and a 52 week high of $199.18. 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 data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS. Equities research analysts predict that International Business Machines Co. will post 9.9 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.87%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date was Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Analyst Ratings Changes

IBM has been the subject of a number of recent analyst reports. BNP Paribas initiated coverage on International Business Machines in a report on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 target price for the company. Wedbush raised their target price on International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Stifel Nicolaus reissued a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a report on Thursday, May 16th. UBS Group raised their target price on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday, April 22nd. Finally, JPMorgan Chase & Co. reduced their target price on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $182.53.

About International Business Machines

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.