Transatlantique Private Wealth LLC Has $1.44 Million Holdings in International Business Machines Co. (NYSE:IBM)

Transatlantique Private Wealth LLC trimmed its stake in shares of International Business Machines Co. (NYSE:IBM) by 23.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,452 shares of the technology company’s stock after selling 2,608 shares during the period. Transatlantique Private Wealth LLC’s holdings in International Business Machines were worth $1,444,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Summit Trail Advisors LLC boosted its position in shares of International Business Machines by 11.9% during the second quarter. Summit Trail Advisors LLC now owns 7,924 shares of the technology company’s stock worth $1,370,000 after buying an additional 843 shares during the period. Ameritas Investment Partners Inc. lifted its stake in International Business Machines by 1.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 39,406 shares of the technology company’s stock valued at $6,815,000 after acquiring an additional 428 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in International Business Machines by 306.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,401,798 shares of the technology company’s stock worth $242,441,000 after acquiring an additional 1,056,759 shares during the last quarter. Sei Investments Co. grew its stake in shares of International Business Machines by 18.6% during the 2nd quarter. Sei Investments Co. now owns 250,229 shares of the technology company’s stock worth $43,276,000 after acquiring an additional 39,212 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of International Business Machines by 11.7% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 202,886 shares of the technology company’s stock valued at $35,089,000 after purchasing an additional 21,181 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on IBM shares. UBS Group increased their target price 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. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Stifel Nicolaus upped their target price on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Royal Bank of Canada increased their price target on International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $188.60.

International Business Machines Stock Performance

Shares of IBM stock opened at $217.63 on Friday. The company has a market capitalization of $199.92 billion, a price-to-earnings ratio of 24.65, a PEG 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. International Business Machines Co. has a 52 week low of $135.87 and a 52 week high of $218.84. The company has a 50-day simple moving average of $196.52 and a 200 day simple moving average of $184.38.

International Business Machines (NYSE:IBM) last posted its earnings results 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 company had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.18 earnings per share. On average, sell-side analysts predict that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced 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 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 payout ratio is presently 75.65%.

About International Business Machines

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.