US Bancorp DE Sells 18,300 Shares of International Business Machines Co. (NYSE:IBM)

US Bancorp DE cut its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 565,357 shares of the technology company's stock after selling 18,300 shares during the quarter. US Bancorp DE owned approximately 0.06% of International Business Machines worth $124,989,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBM. FPC Investment Advisory Inc. acquired a new position in International Business Machines during the 1st quarter worth approximately $26,000. ESL Trust Services LLC acquired a new stake in shares of International Business Machines during the 1st quarter worth $28,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in International Business Machines in the second quarter valued at about $36,000. Wolff Wiese Magana LLC boosted its stake in International Business Machines by 37.0% in the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company's stock valued at $38,000 after buying an additional 60 shares in the last quarter. Finally, Briaud Financial Planning Inc boosted its stake in International Business Machines by 54.3% in the second quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company's stock valued at $49,000 after buying an additional 100 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.9 %

IBM traded up $1.82 on Thursday, hitting $206.72. The company had a trading volume of 5,878,435 shares, compared to its average volume of 4,275,050. International Business Machines Co. has a 12-month low of $142.59 and a 12-month high of $237.37. The business's fifty day simple moving average is $216.38 and its 200 day simple moving average is $190.95. The company has a market cap of $189.89 billion, a PE ratio of 23.31, a PEG ratio of 4.84 and a beta of 0.70. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the previous year, the business earned $2.20 earnings per share. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts expect that International Business Machines Co. will post 10.13 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Tuesday, November 12th. International Business Machines's dividend payout ratio is presently 75.65%.

Analyst Ratings Changes

IBM has been the subject of several research reports. Stifel Nicolaus increased their target price on International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. BMO Capital Markets raised their price objective on International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a research report on Thursday, October 24th. StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Friday, October 25th. Hsbc Global Res raised International Business Machines to a "moderate sell" rating in a research note on Friday, July 26th. Finally, DZ Bank cut International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 target price on the stock. in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $208.12.

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.