International Business Machines Co. (NYSE:IBM) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC cut its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 1.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 466,139 shares of the technology company's stock after selling 7,770 shares during the period. CIBC Private Wealth Group LLC owned 0.05% of International Business Machines worth $104,033,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. United Bank lifted its position in International Business Machines by 53.3% during the third quarter. United Bank now owns 5,628 shares of the technology company's stock valued at $1,244,000 after buying an additional 1,956 shares in the last quarter. Quest Partners LLC boosted its stake in shares of International Business Machines by 23,700.0% in the third quarter. Quest Partners LLC now owns 238 shares of the technology company's stock valued at $53,000 after purchasing an additional 237 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in International Business Machines during the 3rd quarter valued at $4,355,000. Vinva Investment Management Ltd purchased a new stake in International Business Machines during the 3rd quarter worth $599,000. Finally, L.M. Kohn & Company lifted its holdings in International Business Machines by 12.9% in the 3rd quarter. L.M. Kohn & Company now owns 2,238 shares of the technology company's stock worth $495,000 after buying an additional 255 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of International Business Machines stock traded down $5.23 on Thursday, reaching $244.75. 2,148,563 shares of the company were exchanged, compared to its average volume of 4,107,088. The firm has a market cap of $226.95 billion, a price-to-earnings ratio of 38.18, a P/E/G ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company's 50-day moving average is $251.05 and its two-hundred day moving average is $232.26.

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

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.73%. The ex-dividend date was Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is 104.21%.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value 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 $11,387,221.07. This represents a 37.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on IBM. StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. UBS Group upped their target price on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, January 14th. Bank of America raised their price target 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. BMO Capital Markets upped their price target on shares of International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of "Hold" and a consensus price target of $231.13.

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.