Callan Family Office LLC Has $273,000 Stock Position in International Business Machines Co. (NYSE:IBM)

Callan Family Office LLC lowered its stake in International Business Machines Co. (NYSE:IBM) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,233 shares of the technology company’s stock after selling 58 shares during the quarter. Callan Family Office LLC’s holdings in International Business Machines were worth $273,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. FPC Investment Advisory Inc. acquired a new stake in International Business Machines during the 1st quarter worth $26,000. ESL Trust Services LLC acquired a new stake in International Business Machines during the 1st quarter worth $28,000. Creekmur Asset Management LLC acquired a new stake in International Business Machines during the 4th quarter worth $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in International Business Machines during the 4th quarter worth $31,000. Finally, Financial Synergies Wealth Advisors Inc. raised its stake in International Business Machines by 164.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after buying an additional 123 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Evercore ISI raised their price objective on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Stifel Nicolaus increased 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. The Goldman Sachs Group increased their target price on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, BMO Capital Markets increased their target price on International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $194.35.

International Business Machines Trading Up 0.7 %

Shares of IBM stock opened at $228.62 on Wednesday. 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 Co. has a 12-month low of $135.87 and a 12-month high of $229.35. The firm has a 50 day moving average price of $204.32 and a two-hundred day moving average price of $186.42. The company has a market capitalization of $210.01 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 4.90 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the previous year, the business earned $2.18 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts predict that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a $1.67 dividend. The ex-dividend date was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 2.92%. International Business Machines’s dividend payout ratio (DPR) is 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.