Birmingham Capital Management Co. Inc. AL Lowers Holdings in International Business Machines Co. (NYSE:IBM)

Birmingham Capital Management Co. Inc. AL lowered its stake in shares of International Business Machines Co. (NYSE:IBM) by 0.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 33,958 shares of the technology company’s stock after selling 179 shares during the period. International Business Machines comprises about 2.3% of Birmingham Capital Management Co. Inc. AL’s portfolio, making the stock its 12th largest holding. Birmingham Capital Management Co. Inc. AL’s holdings in International Business Machines were worth $5,873,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of IBM. Souders Financial Advisors grew its holdings in International Business Machines by 1.4% during the second quarter. Souders Financial Advisors now owns 4,392 shares of the technology company’s stock worth $760,000 after acquiring an additional 59 shares during the period. Founders Financial Alliance LLC boosted its position in International Business Machines by 2.9% in the 2nd quarter. Founders Financial Alliance LLC now owns 7,848 shares of the technology company’s stock worth $1,357,000 after purchasing an additional 220 shares in the last quarter. Ariadne Wealth Management LP acquired a new stake in shares of International Business Machines during the 2nd quarter worth approximately $351,000. SPC Financial Inc. increased its holdings in shares of International Business Machines by 0.8% during the 2nd quarter. SPC Financial Inc. now owns 16,637 shares of the technology company’s stock valued at $2,877,000 after purchasing an additional 127 shares in the last quarter. Finally, Advisory Alpha LLC lifted its stake in shares of International Business Machines by 0.8% in the 2nd quarter. Advisory Alpha LLC now owns 7,748 shares of the technology company’s stock valued at $1,340,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

IBM opened at $219.36 on Wednesday. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $224.15. The firm has a market capitalization of $201.50 billion, a PE ratio of 24.84, a PEG ratio of 4.90 and a beta of 0.70. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The firm’s 50-day moving average price is $201.62 and its 200 day moving average price is $185.54.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping the consensus estimate 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 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 firm posted $2.18 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Wall Street Analyst Weigh In

Several analysts recently commented on IBM shares. UBS Group raised their price target on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Stifel Nicolaus raised their price objective on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Evercore ISI upped their target price on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Three equities 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $191.93.

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.