International Business Machines Co. (NYSE:IBM) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 794,674 shares of the technology company's stock after selling 33,485 shares during the quarter. New York State Teachers Retirement System owned 0.09% of International Business Machines worth $174,693,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Creative Planning raised its holdings in shares of International Business Machines by 5.1% in the third quarter. Creative Planning now owns 300,740 shares of the technology company's stock worth $66,488,000 after buying an additional 14,677 shares during the period. Regatta Capital Group LLC purchased a new position in International Business Machines during the 3rd quarter valued at about $213,000. Foster Victor Wealth Advisors LLC raised its holdings in shares of International Business Machines by 5.1% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 2,061 shares of the technology company's stock valued at $483,000 after purchasing an additional 100 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in shares of International Business Machines by 109.9% in the 3rd quarter. Wolff Wiese Magana LLC now owns 466 shares of the technology company's stock worth $103,000 after purchasing an additional 244 shares during the period. Finally, Twelve Points Wealth Management LLC boosted its stake in shares of International Business Machines by 9.6% during the third quarter. Twelve Points Wealth Management LLC now owns 12,279 shares of the technology company's stock valued at $2,715,000 after purchasing an additional 1,076 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

Remove Ads

International Business Machines Stock Performance

IBM traded up $1.46 on Monday, reaching $260.65. 3,922,262 shares of the stock were exchanged, compared to its average volume of 5,199,203. The company's 50-day moving average price is $232.08 and its 200 day moving average price is $219.64. 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 has a market capitalization of $241.01 billion, a PE ratio of 40.66, a PEG ratio of 5.57 and a beta of 0.76. 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 posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, sell-side analysts forecast that International Business Machines Co. will post 10.75 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.56%. The ex-dividend date is Monday, February 10th. International Business Machines's dividend payout ratio is currently 104.21%.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of analyst reports. StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. upped their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Sanford C. Bernstein lifted their target price on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. Oppenheimer began coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price target for the company. Finally, BMO Capital Markets lifted their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $231.44.

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.