Applied Finance Capital Management LLC Sells 52,897 Shares of International Business Machines Co. (NYSE:IBM)

Applied Finance Capital Management LLC lessened its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 290,954 shares of the technology company's stock after selling 52,897 shares during the period. International Business Machines comprises 2.8% of Applied Finance Capital Management LLC's investment portfolio, making the stock its 5th largest holding. Applied Finance Capital Management LLC's holdings in International Business Machines were worth $63,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Compass Financial Services Inc acquired a new position in International Business Machines during the fourth quarter valued at $26,000. Vision Financial Markets LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at about $31,000. Avondale Wealth Management lifted its position in shares of International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after purchasing an additional 56 shares in the last quarter. Valued Wealth Advisors LLC boosted its holdings in shares of International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after purchasing an additional 90 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in International Business Machines in the 4th quarter valued at approximately $35,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

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International Business Machines Stock Performance

Shares of International Business Machines stock traded up $5.94 during trading on Friday, reaching $235.49. The company's stock had a trading volume of 4,324,754 shares, compared to its average volume of 4,215,521. The business's fifty day moving average price is $249.14 and its 200-day moving average price is $232.95. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45. The firm has a market cap of $218.37 billion, a price-to-earnings ratio of 36.74, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, equities research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's payout ratio is 104.21%.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

IBM has been the subject of a number of research reports. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. JPMorgan Chase & Co. boosted their target price on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Jefferies Financial Group cut their price target on International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and an average price target of $231.13.

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.