BTG Pactual Asset Management US LLC Has $264,000 Holdings in International Business Machines Co. (NYSE:IBM)

BTG Pactual Asset Management US LLC trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 51.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,202 shares of the technology company's stock after selling 1,297 shares during the period. BTG Pactual Asset Management US LLC's holdings in International Business Machines were worth $264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of IBM. JBR Co Financial Management Inc lifted its holdings in shares of International Business Machines by 0.6% in the fourth quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock valued at $1,405,000 after buying an additional 40 shares during the period. Schechter Investment Advisors LLC boosted its holdings in International Business Machines by 0.7% during the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock worth $1,396,000 after buying an additional 43 shares in the last quarter. Titleist Asset Management LLC boosted its holdings in International Business Machines by 3.1% during the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock worth $315,000 after buying an additional 43 shares in the last quarter. Callan Capital LLC grew its position in International Business Machines by 2.4% in the fourth quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock worth $411,000 after buying an additional 44 shares during the last quarter. Finally, Marks Group Wealth Management Inc lifted its position in shares of International Business Machines by 0.4% during the 4th quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company's stock valued at $2,292,000 after acquiring an additional 45 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

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International Business Machines Stock Up 0.7 %

Shares of IBM traded up $1.67 during midday trading on Tuesday, reaching $240.73. 3,362,107 shares of the stock were exchanged, compared to its average volume of 4,213,962. The company has a market cap of $223.22 billion, a price-to-earnings ratio of 37.55, a P/E/G ratio of 5.81 and a beta of 0.67. The firm has a 50 day simple moving average of $248.67 and a 200-day simple moving average of $233.14. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last posted its 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%. Research analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.77%. International Business Machines's dividend payout ratio is currently 104.21%.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the sale, the senior vice president now directly owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Wedbush began coverage on International Business Machines in a research note on Monday, February 3rd. They issued an "outperform" rating on the stock. Sanford C. Bernstein lifted their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Jefferies Financial Group reduced their price target on shares of International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Finally, Bank of America lifted their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $232.75.

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.