Deseret Mutual Benefit Administrators Sells 1,885 Shares of International Business Machines Co. (NYSE:IBM)

Deseret Mutual Benefit Administrators lessened its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,421 shares of the technology company's stock after selling 1,885 shares during the period. International Business Machines accounts for approximately 1.0% of Deseret Mutual Benefit Administrators' holdings, making the stock its 12th biggest position. Deseret Mutual Benefit Administrators' holdings in International Business Machines were worth $2,071,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Matauro LLC acquired a new position in International Business Machines during the 4th quarter valued at about $977,000. Bell Bank boosted its stake in International Business Machines by 8.9% during the 4th quarter. Bell Bank now owns 51,365 shares of the technology company's stock valued at $11,292,000 after purchasing an additional 4,182 shares during the period. Greystone Financial Group LLC boosted its stake in International Business Machines by 4.5% during the 4th quarter. Greystone Financial Group LLC now owns 45,227 shares of the technology company's stock valued at $9,942,000 after purchasing an additional 1,940 shares during the period. Drum Hill Capital LLC acquired a new position in International Business Machines during the 4th quarter valued at about $931,000. Finally, Dahring Cusmano LLC acquired a new position in International Business Machines during the 4th quarter valued at about $374,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Down 1.1 %

International Business Machines stock traded down $2.97 during trading hours on Friday, hitting $261.77. The company had a trading volume of 5,665,344 shares, compared to its average volume of 5,259,826. The firm has a market capitalization of $242.05 billion, a P/E ratio of 40.84, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The firm's fifty day moving average is $235.27 and its 200-day moving average is $221.81. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 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%. On average, research analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines's dividend payout ratio is currently 104.21%.

Wall Street Analyst Weigh In

IBM has been the subject of a number of analyst reports. UBS Group boosted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research note on Tuesday, January 14th. Wedbush initiated coverage on shares of International Business Machines in a research note on Monday, February 3rd. They set an "outperform" rating for the company. BMO Capital Markets upped their price target on shares of International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research note on Thursday, January 30th. Jefferies Financial Group upped their price target on shares of International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, International Business Machines currently has an average rating of "Hold" and a consensus target price of $231.44.

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.