International Business Machines Co. (NYSE:IBM) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. lessened its position in International Business Machines Co. (NYSE:IBM) by 11.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 128,720 shares of the technology company’s stock after selling 16,484 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in International Business Machines were worth $28,457,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Park Avenue Securities LLC increased its stake in International Business Machines by 1.3% during the 1st quarter. Park Avenue Securities LLC now owns 20,213 shares of the technology company’s stock valued at $3,860,000 after buying an additional 265 shares during the period. RFG Advisory LLC increased its stake in International Business Machines by 3.0% during the 1st quarter. RFG Advisory LLC now owns 21,897 shares of the technology company’s stock valued at $4,181,000 after buying an additional 631 shares during the period. O Keefe Stevens Advisory Inc. acquired a new position in International Business Machines during the 1st quarter valued at about $212,000. Paragon Capital Management Ltd acquired a new position in International Business Machines during the 1st quarter valued at about $245,000. Finally, Salem Investment Counselors Inc. increased its stake in International Business Machines by 2.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 6,621 shares of the technology company’s stock valued at $1,264,000 after buying an additional 129 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 0.3 %

IBM traded down $0.68 on Friday, reaching $232.20. 4,715,688 shares of the company traded hands, compared to its average volume of 4,195,661. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The company has a market cap of $213.30 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 5.21 and a beta of 0.70. The stock’s 50 day moving average price is $212.19 and its 200-day moving average price is $189.15. International Business Machines Co. has a 52-week low of $135.87 and a 52-week high of $237.37.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.18 earnings per share. On average, 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 firm 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 yield of 2.88%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Jefferies Financial Group raised their target price on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a research report on Wednesday, October 2nd. UBS Group raised their price objective 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. Stifel Nicolaus raised their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley raised their price objective on shares of International Business Machines from $182.00 to $217.00 and gave the company an “equal weight” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $203.06.

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.