ASB Consultores LLC Sells 797 Shares of International Business Machines Co. (NYSE:IBM)

ASB Consultores LLC lowered its stake in International Business Machines Co. (NYSE:IBM) by 34.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,485 shares of the technology company’s stock after selling 797 shares during the quarter. ASB Consultores LLC’s holdings in International Business Machines were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IBM. Gilbert & Cook Inc. increased its holdings in shares of International Business Machines by 2.7% in the fourth quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company’s stock worth $637,000 after purchasing an additional 101 shares during the period. Aveo Capital Partners LLC increased its stake in International Business Machines by 3.6% in the 4th quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company’s stock worth $507,000 after acquiring an additional 109 shares during the last quarter. Gryphon Financial Partners LLC raised its holdings in shares of International Business Machines by 6.5% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company’s stock valued at $386,000 after acquiring an additional 147 shares in the last quarter. TrinityPoint Wealth LLC boosted its position in shares of International Business Machines by 12.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,909 shares of the technology company’s stock valued at $639,000 after acquiring an additional 428 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of International Business Machines by 32.7% during the fourth quarter. Clearbridge Investments LLC now owns 45,653 shares of the technology company’s stock worth $7,467,000 after purchasing an additional 11,247 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on IBM shares. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. UBS Group lifted their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday, September 4th. Evercore ISI increased their target price on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. BMO Capital Markets lifted their price target on International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Finally, The Goldman Sachs Group started coverage on International Business Machines in a report on Monday, June 24th. They set a “buy” rating and a $200.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $188.60.

International Business Machines Stock Up 1.7 %

Shares of International Business Machines stock opened at $217.63 on Friday. The stock has a market capitalization of $199.92 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 4.67 and a beta of 0.70. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The company’s 50 day moving average price is $196.52 and its 200-day moving average price is $184.38. International Business Machines Co. has a 52-week low of $135.87 and a 52-week high of $218.84.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.18 earnings per share. Equities research analysts forecast that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.07%. International Business Machines’s dividend payout ratio is currently 75.65%.

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.