International Business Machines Co. (NYSE:IBM) Stock Position Reduced by Ingalls & Snyder LLC

Ingalls & Snyder LLC lessened its position in shares of International Business Machines Co. (NYSE:IBM) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,325 shares of the technology company’s stock after selling 925 shares during the period. Ingalls & Snyder LLC’s holdings in International Business Machines were worth $3,342,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in shares of International Business Machines during the first quarter worth $26,000. ESL Trust Services LLC acquired a new stake in shares of International Business Machines during the first quarter worth $28,000. Creekmur Asset Management LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of International Business Machines during the fourth quarter worth $31,000. Finally, Financial Synergies Wealth Advisors Inc. raised its position in shares of International Business Machines by 164.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after purchasing an additional 123 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their target price on 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 boosted their target price on International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. BMO Capital Markets lifted their price target on International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Finally, StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, International Business Machines has an average rating of “Hold” and an average target price of $184.93.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $202.13 on Friday. The business’s 50-day moving average price is $186.57 and its two-hundred day moving average price is $181.93. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. International Business Machines Co. has a one year low of $135.87 and a one year high of $202.17. The company has a market capitalization of $186.19 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 4.50 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating 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 firm had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the previous year, the company posted $2.18 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts anticipate that International Business Machines Co. will post 10.09 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.30%. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

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.