Herold Advisors Inc. Trims Stock Position in International Business Machines Co. (NYSE:IBM)

Herold Advisors Inc. lessened its position in International Business Machines Co. (NYSE:IBM) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,489 shares of the technology company’s stock after selling 391 shares during the period. International Business Machines comprises 1.0% of Herold Advisors Inc.’s portfolio, making the stock its 23rd largest holding. Herold Advisors Inc.’s holdings in International Business Machines were worth $3,515,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vontobel Holding Ltd. raised its position in shares of International Business Machines by 20.3% in the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after buying an additional 80,474 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of International Business Machines by 18.1% in the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after buying an additional 57,170 shares during the last quarter. Tsfg LLC raised its position in shares of International Business Machines by 40.5% in the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after buying an additional 109 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of International Business Machines in the third quarter valued at approximately $661,000. Finally, Silicon Valley Capital Partners raised its position in shares of International Business Machines by 33.6% in the third quarter. Silicon Valley Capital Partners now owns 32,245 shares of the technology company’s stock valued at $4,524,000 after buying an additional 8,117 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 1.0 %

International Business Machines stock opened at $167.20 on Friday. The stock has a market cap of $153.28 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 3.33 and a beta of 0.70. The company has a current ratio of 1.13, a quick ratio of 0.93 and a debt-to-equity ratio of 2.32. The company’s 50-day moving average price is $187.60 and its two-hundred day moving average price is $170.15. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, April 24th. The technology company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter last year, the company earned $1.36 EPS. International Business Machines’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts expect that International Business Machines Co. will post 9.99 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.97%. International Business Machines’s dividend payout ratio (DPR) is 75.20%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Tuesday. 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. JPMorgan Chase & Co. reduced their price target on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday. 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 report on Thursday, January 25th. Finally, Wedbush increased their price objective on shares of International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $184.08.

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.