NTV Asset Management LLC Sells 750 Shares of International Business Machines Corporation (NYSE:IBM)

NTV Asset Management LLC lowered its stake in shares of International Business Machines Corporation (NYSE:IBM) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,633 shares of the technology company’s stock after selling 750 shares during the quarter. NTV Asset Management LLC’s holdings in International Business Machines were worth $4,385,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in International Business Machines by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company’s stock worth $20,189,023,000 after acquiring an additional 1,539,888 shares during the last quarter. Geode Capital Management LLC lifted its position in International Business Machines by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company’s stock valued at $4,589,145,000 after purchasing an additional 427,499 shares during the period. Capital World Investors lifted its position in International Business Machines by 413.5% during the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company’s stock valued at $2,634,577,000 after purchasing an additional 9,650,534 shares during the period. Northern Trust Corp lifted its position in International Business Machines by 18.6% during the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company’s stock valued at $2,384,275,000 after purchasing an additional 1,704,209 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in International Business Machines by 9.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company’s stock valued at $1,783,281,000 after purchasing an additional 722,582 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on IBM shares. Royal Bank Of Canada upped their target price on shares of International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th. BMO Capital Markets restated a “market perform” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Wall Street Zen downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the company a “hold” rating in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group increased their price target on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $257.50.

International Business Machines Stock Performance

Shares of IBM stock opened at $292.35 on Tuesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The company has a market capitalization of $271.71 billion, a P/E ratio of 50.32, a price-to-earnings-growth ratio of 6.13 and a beta of 0.69. The company’s 50 day moving average price is $269.48 and its two-hundred day moving average price is $250.52. International Business Machines Corporation has a 52 week low of $174.45 and a 52 week high of $296.16.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to analysts’ expectations of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $1.68 EPS. On average, analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.30%. International Business Machines’s dividend payout ratio (DPR) is currently 115.66%.

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.