UMB Bank n.a. Sells 2,747 Shares of International Business Machines Co. (NYSE:IBM)

UMB Bank n.a. decreased its stake in International Business Machines Co. (NYSE:IBM) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,617 shares of the technology company’s stock after selling 2,747 shares during the period. UMB Bank n.a.’s holdings in International Business Machines were worth $12,835,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Compass Financial Services Inc bought a new stake in International Business Machines during the 4th quarter worth $26,000. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines during the fourth quarter valued at about $31,000. Rialto Wealth Management LLC bought a new stake in shares of International Business Machines during the fourth quarter worth about $35,000. Tacita Capital Inc increased its stake in shares of International Business Machines by 174.3% in the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after buying an additional 122 shares during the period. Finally, Measured Risk Portfolios Inc. bought a new position in International Business Machines in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $268.95 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm’s 50-day moving average price is $248.17 and its 200-day moving average price is $241.98. The firm has a market capitalization of $249.96 billion, a P/E ratio of 41.96, a P/E/G ratio of 5.81 and a beta of 0.66. International Business Machines Co. has a 1-year low of $166.81 and a 1-year high of $270.17.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.68 EPS. Equities research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.50%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio (DPR) is 115.66%.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. UBS Group reissued a “sell” rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. Citigroup restated an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. Jefferies Financial Group reaffirmed a “hold” rating on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada increased their price target on International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $249.06.

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.