Valeo Financial Advisors LLC Has $2.48 Million Holdings in International Business Machines Co. (NYSE:IBM)

Valeo Financial Advisors LLC decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 11.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,962 shares of the technology company’s stock after selling 1,678 shares during the quarter. Valeo Financial Advisors LLC’s holdings in International Business Machines were worth $2,475,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of International Business Machines in the fourth quarter valued at about $1,019,009,000. International Assets Investment Management LLC raised its position in shares of International Business Machines by 15,439.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock valued at $433,974,000 after purchasing an additional 2,636,386 shares during the period. Morgan Stanley raised its position in shares of International Business Machines by 13.4% in the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after purchasing an additional 1,919,490 shares during the period. Capital Wealth Planning LLC bought a new position in shares of International Business Machines in the fourth quarter valued at about $172,887,000. Finally, Junto Capital Management LP acquired a new position in shares of International Business Machines in the fourth quarter valued at about $62,020,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 0.9 %

Shares of NYSE IBM opened at $175.71 on Thursday. The company has a 50 day simple moving average of $169.72 and a 200 day simple moving average of $176.76. The firm has a market cap of $161.41 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 4.37 and a beta of 0.71. International Business Machines Co. has a 1 year low of $131.55 and a 1 year high of $199.18. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same quarter last year, the business earned $1.36 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, research analysts forecast that International Business Machines Co. will post 9.9 EPS for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were issued a dividend of $1.67 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date was Thursday, May 9th. This represents a $6.68 annualized dividend and a yield of 3.80%. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on IBM shares. Stifel Nicolaus restated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a research note on Thursday, May 16th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of International Business Machines in a research note on Wednesday, May 22nd. BMO Capital Markets decreased their price target on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. JPMorgan Chase & Co. decreased their price target on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, BNP Paribas started coverage on shares of International Business Machines in a research note on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price objective on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and a consensus price target of $182.53.

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.