DT Investment Partners LLC Sells 774 Shares of International Business Machines Co. (NYSE:IBM)

DT Investment Partners LLC decreased its holdings in International Business Machines Co. (NYSE:IBM) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,891 shares of the technology company’s stock after selling 774 shares during the quarter. DT Investment Partners LLC’s holdings in International Business Machines were worth $1,781,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in International Business Machines by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after acquiring an additional 365,388 shares in the last quarter. Morgan Stanley increased its stake in International Business Machines by 22.8% in the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after buying an additional 3,084,458 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in International Business Machines by 7.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock valued at $2,119,007,000 after buying an additional 1,105,170 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in International Business Machines by 98,797.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after buying an additional 11,017,849 shares during the last quarter. Finally, Northern Trust Corp increased its stake in International Business Machines by 4.2% in the 3rd quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock valued at $1,398,886,000 after buying an additional 404,948 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

International Business Machines stock traded up $0.11 during mid-day trading on Friday, reaching $181.58. The company’s stock had a trading volume of 3,037,990 shares, compared to its average volume of 3,055,452. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18. The company has a market capitalization of $166.46 billion, a P/E ratio of 22.33, a PEG ratio of 3.57 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The firm’s fifty day moving average price is $188.46 and its two-hundred day moving average price is $168.91.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. During the same period last year, the firm earned $3.60 EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. Sell-side analysts predict that International Business Machines Co. will post 10.04 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were issued a $1.66 dividend. This represents a $6.64 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Stifel Nicolaus restated a “buy” rating and set a $190.00 price target on shares of International Business Machines in a research note on Wednesday. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Royal Bank of Canada raised their price target on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Societe Generale restated a “sell” rating and set a $143.00 price target on shares of International Business Machines in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $178.67.

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.