Clean Yield Group Has $4.63 Million Holdings in International Business Machines Co. (NYSE:IBM)

Clean Yield Group lessened its position in International Business Machines Co. (NYSE:IBM) by 6.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,936 shares of the technology company’s stock after selling 1,498 shares during the quarter. International Business Machines makes up about 1.5% of Clean Yield Group’s holdings, making the stock its 20th biggest holding. Clean Yield Group’s holdings in International Business Machines were worth $4,629,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in shares of International Business Machines in the first quarter worth $26,000. ESL Trust Services LLC purchased a new position in International Business Machines during the 1st quarter valued at about $28,000. Creekmur Asset Management LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at about $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of International Business Machines in the fourth quarter worth approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of International Business Machines during the second quarter worth approximately $36,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.2 %

IBM stock opened at $227.60 on Tuesday. The stock has a market capitalization of $209.07 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 4.90 and a beta of 0.70. The company has a 50-day moving average of $203.61 and a two-hundred day moving average of $186.17. International Business Machines Co. has a 52-week low of $135.87 and a 52-week high of $227.67. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08.

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

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.93%. The ex-dividend date was Friday, August 9th. International Business Machines’s payout ratio is currently 75.65%.

Analyst Ratings Changes

A number of equities research analysts have issued reports 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 research report on Wednesday, September 4th. The Goldman Sachs Group increased their price objective on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research note on Wednesday, October 2nd. Stifel Nicolaus raised their price target on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, BMO Capital Markets boosted their price target on International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $194.35.

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.